Dec 04 2024 4 mins
US equities have continued their winning streak following Donald Trump’s victory in the US election. Concerns remain around the long-term impact of this election outcome, particularly for emerging markets.
Local equities started the month of December strong, lifted by Naspers' positive results earlier in the week. However, GDP data disappointed on Tuesday, which led to a reversal of equity gains.
South Africa’s growth prospects remain vulnerable to various factors, but we remain cautiously optimistic about the improving outlook.
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