It’s election year, so expect a wild ride
If volatility is your thing, 2019 could be a great year. All the elements for a roller coaster ride are in place: an election in May, a trade war between the great powers, and the unresolved land expropriation issue.
It’s going to be bumpy, but not necessarily bad.
Bianca Botes, corporate treasury manager at Peregrine Treasury Solutions, paints a number of different scenarios for the year. They range from the good to the ugly: at its best, state-owned companies are turned into cash machines, land expropriation is handled sensibly, the global trade war resolves, SA’s credit rating improves and the rand strengthens to R10 to the US dollar.
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