SA’s financial markets ride the GNU wave
Coalition government has generally been positive for stocks and bonds, but ructions rattle investors
07 May 2025 - 05:00
The government of national unity (GNU), now a year old, has generally been a boon for the financial markets, with government’s borrowing costs decreasing as bond yields fell over the period, according to market data.
Still, Victor Mphaphuli, head of fixed income at asset manager Stanlib, said the GNU has been a positive and negative for the bond market, saying its instability is hurting the financial markets...
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