Newsletter – March 2024 – Issue 141

The local market remains flat, but offshore is still growing. The rand strengthened in February, but going forward all the clever people are saying that its going to weaken, some say as far as R25.00 to the dollar. Historically, the rand has always weakened in an election year. This election is of vital importance because if the ANC do not get a majority and have to have a coalition to remain in power, it could be devastating to the rand if it’s the EFF or good if it’s the DA.
Enjoy your Easter Break and travel safe.