South African bonds held steady at stronger levels on Tuesday buoyed by optimism that Deputy President Cyril Ramaphosa will win the ANC’s presidential race. Investors hope that a Ramaphosa victory will help to restore business and consumer confidence. Growth in the third quarter came in better than expected, with the economy expanding 2% quarter on quarter and 0.8% year on year. Jonathan Myerson from Granate Asset Management gives Business Day TV some of the detail behind Tuesday’s bond market activity. OR LISTEN TO THE AUDIO:
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.