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sa investor sentiment

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South Africa

Ramaphosa’s New Cabinet Announcement Sparks Rally in South African Markets

In S.A, President Cyril Ramaphosa's new cabinet announcement has sparked a significant rally in South African shares and bonds, easing investor concerns. Key positions were given to business-friendly opposition politicians, with Enoch Godongwana retained as Finance minister. This move signals a continued commitment to prudent fiscal policy. Economist Dawie Roodt says bond yields fell, and the Johannesburg Stock Exchange's all-share index rose:  

todayJuly 2, 2024 5

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