Kganyago: Investors and lenders negative about SA’s Russia stance
The Reserve Bank governor said the market is already starting to behave as if secondary sanctions are going to be imposed
06 June 2023 - 13:48
Investors and lenders have a negative sentiment towards SA’s stance on Russia’s war against Ukraine, which has manifested in the sale of SA bonds and shares by foreign investors, Reserve Bank governor Lesetja Kganyago said Tuesday.
The result has been that government bond yields have risen and the rand exchange rate has depreciated...
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