3 things markets are watching closely as SA heads to the polls SAElections2019 | Fin24
2. What will Moody's do?
its last two assessments of South Africa, but is widely expected to make an announcement after the elections. , saying the country is en route to spending R1 out of every R7.5 in government revenue on sovereign debt interest repayments by 2020. This picture worsens when contingent liabilities are taken into account.
"The rand is likely to gain some momentum to target the R13.50/$ level in the period immediately following the election. In fact, if the ANC secures a two thirds majority win, we could be in for a second Ramaphoria rally – Ramaphoria 2.1, if you like," Botes said earlier in the week.
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