# Credit ratings agency Moody’s says its baseline assumption is for the government of national unity to hold through its term, with both the ANC and DA having an interest in preserving stability ahead of the 2029 general election. South Africa will hold the local government elections on November 4th. Moody’s says the 2027-2029 electoral cycle would test reform durability, but the risk of a sharp policy reversal was limited. The country’s reform programme has gathered some pace under the GNU, including efforts to rehabilitate the Transnet rail and port network.
Moody’s expects the GNU to remain intact until the 2029 general elections