Finance Minister Godongwana says stable GNU politics are boosting SA markets, buoying Rand
Politics tamfitronics South Africa’s swift formation of a coalition government after the May elections has boosted investor confidence, leading to a significant rally in the rand and the stock market. Finance Minister Enoch Godongwana attributed the market’s positive response to the political stability brought by the new government. The African National Congress, after losing its parliamentary majority, formed an alliance with nine other parties, prioritizing economic growth as the administration’s primary focus.Sign up for your early morning brew of the BizNews Insider to keep you up to speed with the content that matters. The newsletter will land in your inbox at 5:30am weekdays. Registerhere.By Paul VecchiattoThe swift formation of a new coalition government in South Africa after May elections has bolstered investor confidence and fueled a rally in the nation’s currency and the stock market, Finance...
