Bank of America raises red flag over stability of GNU
Lender is bearish on the rand because of jostling for cabinet posts and rising political risks
27 June 2024 - 05:00
Jostling for cabinet posts between the ANC and the DA has dampened expectations that the government of national unity (GNU) will be stable, says Bank of America Global Research.
In a research note, the lender says it is bearish on the rand due to rising political risk related to ANC-DA talks and the global backdrop. It expects the rand to outperform from the fourth quarter of the year...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.