Victory for the ruling African National Congress (ANC) in South Africa’s general election last week was largely expected and, as such, financial markets have taken the result in their stride. However, this belies the need for wide-scale structural reform, which appears unlikely under another ANC-led government. With GDP per capita likely to remain stagnant over the coming years, this will raise doubts over the ANC’s ability to retain its majority beyond 2019.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services