SA has experienced the largest period of net foreign selling of RSA bonds since 1994
04 May 2023 - 15:48
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The evidence of the reaction from the West is already there. After our greylisting SA has experienced the largest period of net foreign selling of RSA bonds since 1994, despite a lucrative carry trade.
In other words, in spite of there being a really good investment case, foreigners are disinvesting. Quiet sanctions, the work of the invisible hand, are already under way.
Richard Bryant Via BusinessLIVE
JOIN THE DISCUSSION: Send us an email with your comments to letters@businesslive.co.za. Letters of more than 300 words will be edited for length. Anonymous correspondence will not be published. Writers should include a daytime telephone number.
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
LETTER: Quiet sanctions are already under way
SA has experienced the largest period of net foreign selling of RSA bonds since 1994
Peter Bruce’s most recent column refers (“Ramaphosa has lost the West, all because Putin is paying ANC salaries”, May 4).
The evidence of the reaction from the West is already there. After our greylisting SA has experienced the largest period of net foreign selling of RSA bonds since 1994, despite a lucrative carry trade.
In other words, in spite of there being a really good investment case, foreigners are disinvesting. Quiet sanctions, the work of the invisible hand, are already under way.
Richard Bryant
Via BusinessLIVE
JOIN THE DISCUSSION: Send us an email with your comments to letters@businesslive.co.za. Letters of more than 300 words will be edited for length. Anonymous correspondence will not be published. Writers should include a daytime telephone number.
PETER BRUCE: Ramaphosa has lost the West, all because Putin is paying ANC salaries
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