South Africa’s business confidence rose in April as retail sales and import volumes improved alongside a firmer currency, a survey showed on Tuesday, lifting sentiment from a seven-month low as businesses also saw a stable post-election policy environment.
“The common theme of election manifesto policies among the parties to drive economic growth and job creation seems to resonate well with the markets,” the chamber of commerce and industry said. The rand has gained close to 3% against the dollar since the beginning of April, better than many of its emerging market peers, and the Top-40 Index has rallied nearly 7%, shooting through the 52 000 mark.
While a victory for the ruling ANC is almost certain, its majority is likely to shrink, which could constrain President Cyril Ramaphosa’s reforms and keep the economy on a slow burn. In fixed income, the yield on the benchmark government bond due in 2026 added 2 basis points to 8.6%. Meanwhile, the Electoral Commission says it is ready for the 26 744 565 South Africans on the voters’ roll who will make their mark for the 2019 national and provincial elections.
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Business Maverick: South African Assets Signal Rising Anxiety as Election NearsSouth African assets are signaling increasing investor anxiety about Wednesday’s election, with the fate of the rand and government bonds tied to the extent of the ruling African National Congress’ expected majority and what that implies for policy.
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South Africa inks oil exploration deal with South Sudan - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.South Africa on Monday signed a deal for the exploration and production of oil in South Sudan, as part of a $1 billion investment in the conflict-torn nation’s struggling oil industry. sabcnews SouthSudan Oil JIT -Just in time, for the elections ANC? Next, Ramaphosa and his in-laws, aboJeff noPatrice are going to send members of the SANDF to South Sudan under the guise of a peace mission, when the mission would in fact be to protect their investments. Remember Jakobe, Khulubuse and the DRC mission? WHAT IS MEANT BY 'SOUTH AFRICA'? WHOSE PAYING 4 THIS? IS OIL HEAVY ENOUGH 4 OUR REFINERIES? COMPATIBLE WITH WHAT WE R USING AT THE MOMENT ? WASN'T THERE A PROBLEM WITH THIS INVESTMENT B4 ? SO Y ANNOUNCE IT WHEN PPL'S ATTENTION IS TOWARD ELECTION ? USUAL MINING-PRENEURS INVOLVED!!
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