Market on tenterhooks amid coalition talks

Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.Rise or fall? The rand would strengthen on an increased likelihood of an ANC and the DA coalition. he rand and the markets were flat on Monday following the announcement of the election results the night prior.All Share Index was down 3.

At 15:30 on Monday the JSE Alsi had strengthened by 1.2%. The rand firmed by 0.93% to R18.63 to the dollar. “A coalition government could complicate the execution of fiscal, economic and social policies that would help address South Africa’s structural credit weaknesses, such as slow economic growth, inefficiencies in the energy and logistics sectors, and high unemployment,’’ said Aurelien Mali, the vice-president and senior credit officer at Moody’s.

At a press briefing held at the national results centre on Saturday, EFF leader Julius Malema said the party is open to forming a coalition government with any political party, but its first preference is working with the ANC.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

ANC-DA coalition likely to ease market shivers, say economistsThe ANC lost power for the first time since 1994 – sparking concerns about the impact of the election outcomes on the rand, the markets and the economy.
Source: ewnupdates - 🏆 30. / 53 Read more »

Intel's nightmare: ARM targets half of PC market by 2029ARM Holdings aims to gain more than 50% of the Windows PC market within five years, its CEO said.
Source: TechCentral - 🏆 8. / 71 Read more »

‘Non-market’ solutions to deforestation need more support, advocates sayIn a report released May 29, three environmental groups called for a shift away from carbon markets and toward “non-market” solutions to deforestation.The Paris Agreement has a clause calling for such solutions, which the groups said could include financing for Indigenous groups, payment for ecosystem services, and debt relief.
Source: SATodayNews - 🏆 44. / 51 Read more »

Oil swings after OPEC+ signals plan to return barrels to marketBrent for August settlement fell 0.5% to $80.74 a barrel at 2:25 p.m. in Singapore.
Source: Moneyweb - 🏆 5. / 77 Read more »

Sinking profits bring reality check to AI-driven rally in emerging market stocksSluggish consumer spending is one cause for poor corporate performance not just in China, but across emerging markets.
Source: Moneyweb - 🏆 5. / 77 Read more »

Emerging market credit ratings are finally looking up againANALYSIS | Emerging market credit ratings are finally looking up again
Source: Fin24 - 🏆 21. / 63 Read more »