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...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now