Markets remain weary as SA election results bring surprises and uncertainty

STANLIB Podcasts
03/06/2024 17 min
Markets remain weary as SA election results bring surprises and uncertainty

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Episode Synopsis

In the podcast, Kevin Lings discusses SARB’s decision to keep interest rates unchanged at 8.25%, with the MPC indicating that the risks to SA inflation are now “balanced”. Fittingly, he also focuses on the recent SA elections. The rand lost a significant 4% of its value against the US dollar during in the past nine trading days, as investors became more concerned about the likely outcome of SA’s elections.
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