Coalition politics are on the cards as final votes are counted in the National Elections. Based on News24 projections, Mergence CIO Brad Preston looks at various potential scenarios and their impact on the markets. He says that though a broad coalition of smaller parties led by the ANC could still achieve a majority in Parliament, it would require at least five, if not more, smaller parties to join such a grouping. The situation is likely to result in a tense week or two for SA markets, but we remain hopeful that a reasonably market-friendly coalition that ensures policy stability and continued positive reform can be reached.
Despite some market ‘overexcitement’ about AI, Naspers is bullish about making more bets
The latest Naspers/Prosus financial results show a jump in profitability across the group’s ecommerce portfolio and Tencent growth acceleration. Commenting