David Aserkoff News Today

The most pivotal South African election in decades is already turning the tide of the country’s financial markets.



(Bloomberg) -- The most pivotal South African election in decades is already turning the tide of the country’s financial markets.Most Read from BloombergIran State TV Says ‘No Sign of Life’ at Helicopter Crash SiteEbrahim Raisi, Iranian President Confronting West, Dies at 63Speedier Wall Street Trades Are Putting Global Finance On EdgeSaudi Crown Prince Postpones Japan Trip Over King’s HealthChina’s Housing Rescue Too Small to End Crisis, Analysts SayMoney has ...

The most pivotal South African election in decades is already turning the tide of the country’s financial markets. Money has been pouring into the country on a bet that the African National Congress (ANC) will win enough of the vote to avoid being forced by left-leaning coalition partners to implement less market-friendly policies. South African bonds absorbed the most cash in April since Bloomberg started tracking the data in 2019, and the trend is continuing in May. Stocks are at a ...

The central bank projects the high inflation can be lowered to single digits by 2026.

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As it closes in on its best year since 2012, South Africa's benchmark stock index is set for more gains on the back of a weakening rand, attractive valuations and supportive monetary policy.



High-Flying Platinum Stocks Set to Extend Johannesburg Gains Bloomberg 4 days ago Adelaide Changole (Bloomberg) -- The blistering pace of gains that has pushed South African platinum stocks to the highest in more than 12 years looks likely to be sustained as an upswing in demand and supply constraints fuel the rally. Johannesburg’s index of platinum stocks has soared 30% this year, leaving the other sectors in the local equities benchmark trailing in their wake. Over 12 mont...

. PMorgan Chase & Co. strategists said the South African budget has increased their confidence in an overweight call on the country’s stocks made three months ago. Johannesburg’s benchmark FTSE/JSE Africa All Share Index surged as much as 2% Thursday to the latest of several all-time highs set in 2021. The gains, strongly supported by rallying mining shares, came a day after Finance Minister Tito Mboweni presented a budget designed to bolster consumption and investment, while backtracking o...

The main Johannesburg index gained 5.2% in January.

South African stocks have made their best start to the year since 2012, even after last-week’s pull-back, and JPMorgan Chase & Co. and Bank of America are among those predicting further gains.