South Africa Takes To The Polls ๐Ÿ“Š

Table of Contents

South Africa Takes To The Polls

Itโ€™s election day in South Africa, and although analysts are confident of yet another ANC victory, itโ€™s the margin that has them worried. But whatโ€™s the fuss about?

This, the sixth set of democratic elections since the end of apartheid in 1994, will likely be one of the toughest for the African National Congressโ€™ traditional grip on power. Years of corrupt rule and spiralling unemployment under president Jacob Zuma has seen support for the party slipping while smaller, more radical parties, such as the Economic Freedom Fighters (EFF) absorb defecting voters.

Although reformist ANC leader, Cyrill Ramaphosa, has been well received by the South African population, he still has his work cut out for him to undo the damage done by Zuma. Investors will be watching the margin of victory in key provinces, such as the Western Cape and Gauteng closely to see how much ground the ANC loses to its two main competitors, The Democratic Alliance (DA) and EFF.

A smaller winning margin for the ANC will allow opposition parties to interfere with the policy implementation process, and potentially hamper growth and development. A larger presence for the EFF, which advocates land expropriation without compensation and the nationalisation of banks, mines and just about anything they can get their hands on would have a very disruptive effect on the country.

The benchmark Top 40 index has significantly underperformed its emerging market counterparts, rising a mere 10.9% since the start of 2019. However, a positive result today could help relieve some pressure on markets for a stronger second quarter. Let’s see what comes out in the wash!

Avengers Crushes Box-Office Records

Share:
More Posts
Get your daily Invstr Crunch

Get the market news and updates you need, delivered to your inbox or available on our daily podcast.

Risk Disclosure:

Invstr is not a bank and banking services are provided by Vast Bank, N.A.

Brokerage and Banking services are currently only available to U.S. residents.

Invstr app and web services are provided by Invstr Ltd. Advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC) details of which can be obtained here. Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value.

Investing involves risk and can lead to losses. Past performance does not guarantee future results.

Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visaยฎ Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

Watchlists provided when users first access the service are not a recommendation to invest. Instead they are provided to help users better navigate the service. Users are free to edit and create their own watchlists. From time to time, Invstr will suggest instruments solely based on an individual’s interest and the interest levels of the Invstr community. The statistical and portfolio builder models generated by Invstr do not reflect actual investment results and are not guarantees of future results. Comments provided by Invstr leaders, influencers or members of the Invstr Community are not recommendations and should not be construed as such. Invstr does not endorse the content or the positions posted by them. Their investment approach, and that of the models provided by Invstr, may be different from yours and may not be appropriate for you.