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Pausing on South Africa Despite Signs of Domestic Life
Gold and platinum prices have been a huge boon to every asset market in South Africa, and now domestic economic activity is picking up for the first time in the post-Covid era.
However, we worry about ZAR and local yield exposure to a reversal of export prices, and are making a tactical exit from our positions pending future trends.
Pausing on South Africa Despite Signs of Domestic LifeHowever, we worry about ZAR and local yield exposure to a reversal of export prices, and are making a tactical exit from our positions pending future trends.
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