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Podcast: WorldWide Markets with Simon Brown
Episode: Can the GNU hold and send markets higher over the next five years? (#592)
Description: Face-Ripping Rally on the JSE: Surge attributed to the formation of a coalition government involving ANC, DA, and IFP. Top 40 index rose 3.5%, a significant increase not seen since February 2018. The rally, likened to the start of a marathon, suggests potential long-term growth, despite possible volatility. RAND and Resource Stocks: RAND trading under 18, affecting resources positively. Potential for RAND to strengthen further, possibly reaching 17. Coalition Government and Market Impacts: The coalition's stability is uncertain but critical for long-term market confidence. JP Morgan upgraded South Africa from underweight to overweight, signaling positive outlooks. SA Inc...