South Africa Election: ANC Engages Rivals on Forming New Government – Bloomberg

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Americas+1 212 318 2000
EMEA+44 20 7330 7500
Asia Pacific+65 6212 1000
South Africa Election:
South Africa’s African National Congress favors forming a government of national unity that would include a range of political parties after last month’s elections failed to produce an outright winner, an option it may struggle to convince its main rivals to accept.
The rand weakened on concerns the new administration will include populist groups and have to accommodate a wide range of views, giving rise to policy uncertainty.

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