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Will market optimism around SA’s GNU last?

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So far the market seems to like what is happening in SA, but it is important to keep the momentum going before investors lose interest.

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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