EDITORIAL: Global markets are partying like it’s 2007
This gives SA some breathing space, but presents potential risks for retail investors
17 February 2021 - 05:10
SA is yet to administer a single Covid-19 jab, but the country is riding the wave of market exuberance, driven by optimism about the pace of inoculations globally, and the potential that the cycle of new infections, hospitalisations and economically damaging lockdowns will be broken.
In about five weeks, it will be a year since SA entered one of the most severe lockdowns anywhere in the world in response to Covid-19. That resulted in its biggest economic shock since the Great Depression with GDP having shrunk at least 7% in 2020, according to most predictions...
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