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Article Highlights
- South Africa’s political climate is the most uncertain since the end of the apartheid era, with investors acutely concerned about a potential coalition between the governing party and a leftist group after next year’s elections, Investec Bank’s chief executive officer said.
- Anxiety is intensifying over the implications of the African National Congress falling short of the 50% it needs to retain control of the continent’s most industrialised economy.
- The ANC has linked up with the EFF and other smaller parties to take control of a number of city councils after local-government elections in November 2021.
