The recovery in financial markets towards the middle of 2020 was as brisk as the decline that preceded it in the immediate aftermath of the Covid-19 virus spreading across the world.
SA had one of the most severe lockdowns and the impact was seen directly in its financial assets from stocks to the bond market, which needed the Reserve Bank to restore order after a lack of liquidity pushed the 10-year yield to a record of more than 13%...
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