SA equities and bonds posted unlikely annual gains while the rand weakened only marginally in 2020, despite a year of unprecedented volatility marked by sovereign credit downgrades, policy stasis, a pandemic and the worst economic slump since the Great Depression.
The JSE ended 2020 up 4.1%, its second consecutive annual gain, while SA’s benchmark 10-year bond due on January 31 2030 posted an annual advance with the yield on the security 28 basis points lower than its closing price on the final day of 2019...A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.
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SA stocks and bonds post annual gains despite turbulent 2020SA equities and bonds ended the year, somewhat unbelievably, higher than 12 months ago while the rand fell only marginally
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SA stocks and bonds poised for annual gain despite turbulent 2020Almost unbelievably, equities are set to close higher than they were 12 months ago Probably not when inflation factored in the equation!
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