PUBLISHER: Freight News (www.freightnews.co.za)
Markets are beginning to price in the possibility of a Donald Trump election win on November 5, which would have a significant impact on the green shoots emerging in the South African economy.
Analysing the first 100 days of the government of national unity (GNU) for Exporters Western Cape, Ninety One investment director Louis Niemand pointed out that the dollar had been strengthening markedly over the past two weeks, after a period of decline over the previous 50 days. The reason for that, he said, was that “markets across the world have shifted the expectations from a Harris probability of winning to a Trump probability of winning”.