Africa: South Africa’s Currency, Equity and Bond Markets Ride the U.S. Election Wave

[Daily Maverick] A nail-biting US election ended up buoying South African assets all round, with the equity and bond markets rallying and the rand moving to its firmest level since the pandemic struck. The surprises delivered by the voting results, such as a divided US government, have been interpreted by investors as favourable for risk assets, all else being equal.Read the Original Article