The local political landscape took centre stage last week, with market optimism around the GNU and the swearing-in of President Cyril Ramaphosa. Now the question is whether we are counting our chickens before they have hatched.
Botes says the Rand appreciated notably, reaching its strongest levels in 11 months after experiencing significant volatility around the election period. This strengthening momentum was largely attributed to the peaceful formation of theHowever, it seems that there is already a deadlock in the GNU, with the parties struggling to find an agreement on the composition of the cabinet.
“Investors will, in particular, be keen to see how the GNU will navigate potential tensions and policy differences, especially between the
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Proposed GNU to determine future course of SA business: SACCI - SABC News - Breaking news, special reports,The outcome of the recent elections weighs on investor confidence.
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