With the ANC expected to win Wednesday’s elections, equity-market investors will be watching for the victory margin to give them the chance to judge whether growth-boosting economic reforms will follow.
“The closer to 60%, the more positive the market will be,” Garth Mackenzie, founder of Traders Corner, said at a BDFM/IG Markets Investment Dialogue event last week. “That’ll give the market the certainty it wants.” Anglo American Platinum went up 3% to R733.34, Northam 5.63% to R60, Impala 4.57% to R59.27, and Lonmin 4.84% to R12.78.
The fall in the dollar came after the US recorded wage growth of 0.2% in March, compared to the expected 0.3%, implying that inflation will remain under control.
And a raging bull market explodes when the thieves are voted out, and in jail.
Yes it will definitely boost the demise of SA . Black Mafia running the country , stealing the taxpayers money and leaving the poor to starve and live in disgusting conditions
Just imagine what a DA win will do for stocks. skyrocket sadlynotgonnahappen
Let's hope not
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Business Maverick: Strong ANC Win Would Boost S. African Asset Prices, Goldman SaysA strong win for South African President Cyril Ramaphosa’s African National Congress in next week’s election would trigger a rally in asset prices, according to Colin Coleman, head of sub-Saharan Africa at Goldman Sachs Group Inc. Unfortunately for Goldman Sachs and Colin Coleman, we will vote for EFF... No,a Coalition should do the trick,Same as in Johannesburg. It's true. The international opinion formers that define what we pay for the necessary debt for infrastructure and development know a vote for CyrilRamaphosa and the MYANC is a vote for the future.
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Strong showing by ANC in election should boost stocks, but doubt remainsThe key post-election issue is if Cyril Ramaphosa will be ‘more assertive in implementing changes that he knows are necessary if the economy is to start growing again’ Imagine a world where stocks improve after a Communist party was elected. Above ronellepretor robinenochs concaracal willempet ampersuk whatonearthsa vfplus Bullshit .
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