The Standard Bank Group predicts that equity and capital markets will rally once South Africa's election processes are completed and the outcomes are implemented over the next five years.
The bank's CEO Sim Tshabalala said on Tuesday that available data supports a view that the markets will rally once the next government takes office. This will be the case as the country's independent institutions such as Parliament, the Electoral Commission of SA , the media, the judiciary, labour and other institutions continue performing their duties.
"I do think that we will have stability," said Tshabalala, speaking at a conference on post-election scenarios organised by ratings agency S&P in Johannesburg. Tshabalala acknowledged there may be challenges against the election outcome in the short term as some parties may be dissatisfied, but in the end, the institutions will prevail.South Africans need to be in the know if we want to create a prosperous future.