Commenting on the local market impact of the Trump electoral victory in the US, Mergence Head: Equities, Peter Takaendesa, noted that if Trump’s policies are implemented, the external environment would not be of much help to SA’s economic recovery – making self-help economic reforms more important. If SA could resolve key structural issues and boost business confidence, this together with a Fed that is likely to continue trimming interest rates could stabilise the rand. This could potentially lead to ratings agencies and related capital flows turning in SA’s favour.
Are the Magnificent Seven losing their shine?
The Magnificent Seven are the group of mega cap stocks – Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, Tesla – that