South African flag. Credit: railwayfx / AdobeStock South African Investors and Law Firms on Edge Over ANC Coalition Talks
Investors fear the parties might strike a deal that could lead to nationalization of the South African Reserve Bank and other key institutions, expropriation of property and a move away from the rule of law.
June 04, 2024 at 05:31 PM
3 minute read
Government
Coalition negotiations between South Africa's struggling African National Congress (ANC) party and its political rivals are creating a tense atmosphere for investors and advisers after a historic vote that saw the ANC lose its majority for the first time in 30 years.
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