TRUMP ELECTED 47TH PRESIDENT OF THE US ………. SOME IMPLICATIONS FOR FINANCIAL MARKETS

The election outcome is perceived as a net negative for Emerging Markets, most especially China.

The Generation Operational Recovery Plan which commenced on March 2023, continues to ensure a consistent energy supply and improved efficiencies, with loadshedding remaining suspended. As of September 20, Eskom has achieved 177 consecutive days of uninterrupted power supply since 26 March 2024.

Key factors contributing to this include:

LOCALLY, in general …

The National Election dominated the news. The resultant more centrist coalition (Government of National Unity – GNU) saw a rally in the Rand and a surge in domestic equities.

The economic outlook for SA has improved and the GNU has an opportunity to raise business and consumer confidence from an extremely low base.