PETER ATTARD MONTALTO: Foreign policy joins the list of investor concerns
SA is set for an extremely rocky road ahead, with little chance of taking an off-ramp
Markets have rallied back broadly to where we were before the infamous “Brigety moment” at the start of May.
This creates an interesting problem for valuations. At the peak of May’s sell-off, markets were quite mad, the Sandton Consensus was in a tizz about sovereign sanctions including on SA government bonds, which were just so completely counter historical precedent as to be mad. ..
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