Reported 8 months ago
South Africa's stock market saw its biggest rally of the year, indicating a positive shift in investor sentiment towards the nation's equities following a period of outflows. The surge in the stock market was accompanied by gains in the rand and government bonds, following the reelection of Cyril Ramaphosa as president and the formation of a government alliance between the African National Congress and the Democratic Alliance. The new government's focus on structural reforms and economic stability has boosted investor confidence.
Source: YAHOO