Is now the time for investors, who’ve ridden the commodity cycle to its peak, to cut and run?
The commodity run of the past two years has paid off in spades for SA: the rand has remained improbably strong, while SA’s fiscus has benefited from an overall revenue overrun of almost R300bn. .
It’s a windfall that has allowed the authorities to loosen monetary policy and raise government spending, allowing SA to recover faster from the pandemic than many thought possible...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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