Economist urges political stability as parties negotiate municipal coalitions [SOUND]

# North West University Business School economist Raymond Parsons says this year’s local government elections have sent a positive signal to investors, showing that free and fair elections are good for the economy. Parsons says the results confirm a further shift towards multiparty coalitions in municipalities, and coalition negotiations must deliver political stability if local economic development is to thrive. He added all parties must be held accountable for their service delivery promises: