Market on tenterhooks amid coalition talks

Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.Rise or fall? The rand would strengthen on an increased likelihood of an ANC and the DA coalition. he rand and the markets were flat on Monday following the announcement of the election results the night prior.All Share Index was down 3.

At 15:30 on Monday the JSE Alsi had strengthened by 1.2%. The rand firmed by 0.93% to R18.63 to the dollar. “A coalition government could complicate the execution of fiscal, economic and social policies that would help address South Africa’s structural credit weaknesses, such as slow economic growth, inefficiencies in the energy and logistics sectors, and high unemployment,’’ said Aurelien Mali, the vice-president and senior credit officer at Moody’s.

At a press briefing held at the national results centre on Saturday, EFF leader Julius Malema said the party is open to forming a coalition government with any political party, but its first preference is working with the ANC.

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