The South African market has been on somewhat of an interesting ride over the past few months. Initially markets continued their July buoyancy on the feel good factor of the election results. However, Standard & Poor’s post-election statement that political contests within the ANC and between it and opposition parties will now distract it from economic issues appears to fast becoming true. Added to this, the continued tussle between Pravin Gordhan and the Hawks amongst other events can easily leave South African investors uncertain about financial markets. (more…)
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