Investec backs ANC-led government to calm markets after polls

Investec, a niche private banking and wealth management group, expects this week’s general elections to see the ANC retain power, either through an outright victory or a coalition led by it, an outcome it says will calm the markets.

Cumesh Moodliar, who heads Investec’s SA business, said all indications were that the ANC would still have a big say on policy after the hotly contested elections, set for Wednesday…

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