(3 minutes read)
· SA equities and bonds posted annual gains while the rand weakened only marginally in 2020 despite the pandemic, which inflicted heavy losses all around, apart from downgrades by the rating agencies and widespread closures of enterprises
· The JSE closed in 2020 up 4.1%, its second consecutive annual gain, while SA’s benchmark 10-year bond due on January 31 2030 posted an annual advance with the yield on the security 28 basis points lower than its closing price on the final day of 2019
SA equities and bonds posted annual gains while the rand weakened only marginally in 2020 despite the pandemic, which inflicted heavy losses all around, apart from downgrades by the rating agencies and widespread closures of enterprises.
The JSE closed in 2020 up 4.1%, its second consecutive annual gain, while SA’s benchmark 10-year bond due on January 31 2030 posted an annual advance with the yield on the security 28 basis points lower than its closing price on the final day of 2019.
The latest reports indicate that the growth is picking up in the country despite the heavy toll taken by the pandemic and financial meltdown of 2009, the negative impacts of the same refuse to go away from the country. However, positive signals have to be evidenced in the employment sector. Analysts are wondering when the positive signs in the capital market would percolate to the real performance of the economy.
