Election jitters wipe off billions in value of SA Inc
30 May 2024 - 12:24
UPDATED 30 May 2024 - 23:00
Companies with earnings linked predominantly to economic conditions — such as banks, insurers and retailers — lost billions of rand in value on Thursday as the first batch of election results pointed to the possibility of the ANC losing its outright majority by a bigger margin than initially expected.
As a result, the market became apprehensive about the possibility of the “worst-case scenario” that it has been fearing...
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