Market awaits SA election results, but FIs to remain 'safe'

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Market awaits SA election results, but FIs to remain 'safe'

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PCAY0P South African President Cyril Ramaphosa during an expanded format meeting on the second day of the BRICS Summit July 27, 2018 in Johannesburg, South Africa. | Alamy Stock Photo

Analysts expect the African National Congress (ANC) to win South Africa's general elections next Wednesday. Although a number of deep-rooted domestic problems have the potential to throw the country into an economic crisis, bankers expect FIs to remain "safe" in the worst of scenarios.

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