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Convincing win by the ANC will boost stocks, say analysts

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Rand is also set to gain, with RBC Capital Markets expecting it to reach R13.40/$ by year-end

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.

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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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