HILARY JOFFE: After the euphoria, a dose of GNU reality settles in for the markets
It's going to be complicated to make the new government of national unity work
04 July 2024 - 05:00
Markets have lurched from euphoria to anxiety daily in recent weeks. They priced in the “tail risk” of a worst-case EFF coalition scenario earlier in the year, then staged a huge relief rally when their “goldilocks” DA scenario seemed to materialise.
Now a dose of reality is settling in as it becomes clear how complicated it is going to be to make the new government of national unity (GNU) work...
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