Reported 12 months ago
Foreign investors are flocking back to South Africa's stock market as the prospect of a business-friendly government increases, with net inflows of 7.5 billion rand ($417 million) recorded in the past 10 trading sessions. After President Cyril Ramaphosa unveiled a new cabinet focused on economic growth, the market saw a significant uptick, reversing the previous trend of foreign sell-offs due to economic concerns and fears of a coalition government. The Johannesburg stock index surged over 1% on Monday as investors reacted positively.
Source: YAHOO