South African delegates and representatives of the New York Stock Exchange have signed a new memorandum of understanding between the Johannesburg Stock Exchange and the NYSE with the goal of fostering closer ties between the two markets.
According to the Department of International Relations and Cooperation, the United States is one of South Africa’s top five trading partners with shared economic interests. South Africa is the US’s largest African trading partner. He said that foreign investors would re-enter South African markets due to better real growth differentials and higher yields, while residents will rebuild diversified portfolios that include foreign assets.A free-floating exchange rate
Its legal to seize assets without compensation. Very good
Ummm ….. TRANSNET 🤔 🥴 !!!
South Africa is a laundromat if you catch my drift 😉