Rand takes a breather as election tensions ease

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Rand takes a breather as election tensions ease
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While the outcomes of the 2024 elections remain very much up in the air, recent polling has seemingly calmed some nerves of economists and investors worried about the ‘worst-case scenario’ for the result.

Market tensions have eased, though uncertainty remains high when it comes to feeling out the possible environment in South Africa after the 2024 national elections.

Above this, a massive event that has and will continue to impact the rand is the upcoming general elections. Election polls have been all over the place – with expectations notably differing from poll to poll, meaning that margins of error remain relatively massive. However, the consensus from polls is that a coalition is likely, as no party seems poised to garner an outright majority.

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BusinessTechSA /  🏆 24. in ZA

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