SA stocks and bonds post annual gains despite turbulent 2020
SA equities and bonds ended the year, somewhat unbelievably, higher than 12 months ago while the rand fell only marginally
31 December 2020 - 11:05
UPDATED 31 December 2020 - 13:55
SA equities and bonds posted unlikely annual gains while the rand weakened only marginally in 2020, despite a year of unprecedented volatility marked by sovereign credit downgrades, policy stasis, a pandemic and the worst economic slump since the Great Depression.
The JSE ended 2020 up 4.1%, its second consecutive annual gain, while SA’s benchmark 10-year bond due on January 31 2030 posted an annual advance with the yield on the security 28 basis points lower than its closing price on the final day of 2019...
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.