Nick Hedley | GNU optimism will help tame inflation and pave the way for rate cuts
Much will depend on the make-up of President Cyril Ramaphosa’s new Cabinet. A positive outcome is far from guaranteed, saysThe so-called government of national unity, which is still in the process of being formed, has been warmly received by investors, to say the least. This optimism alone will help curb inflation and pave the way for interest rate cuts.
When it became clear that the unity government would include moderate parties rather than populist ones, the rand strengthened, domestic equities rallied, and bond yields fell. Institutional investors are essentially saying the GNU is the best possible outcome of a nail-biting election, and one that could help get the economy back on track.South Africans need to be in the know if we want to create a prosperous future.
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
From wildlife wonders to political puzzles: Will the GNU be more like a gnu?Mbhazima Shilowa | From wildlife wonders to political puzzles: Will the GNU be more like a gnu?
Read more »
AI is coming for our creative side, tooNick Hedley | AI is coming for our creative side, too
Read more »
Climate change is pushing up your grocery and insurance billsNick Hedley | Climate change is pushing up your grocery and insurance bills
Read more »
Climate change is pushing up your grocery and insurance billsNick Hedley | Climate change is pushing up your grocery and insurance bills
Read more »
It’s a GNU party and (almost) everybody is invitedParties’ no-go areas are rapidly shifting as the deadline to constitute a government looms
Read more »
Supported by weak dollar, rand steady after GNU announcementSupported by weak dollar, rand steady after GNU announcement
Read more »