News Formal

Will market optimism around SA’s GNU last?

  • 📰 TheCitizen_News
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 75%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

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

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: SABC News Online - 🏆 32. / 51 Read more »