This is no April Fool’s joke: the local bourse gained nearly 12% in the first quarter of 2021, marking the best first quarter on the JSE in 15 years and making it the best-performing market in the world.
This, as progress is being made to alleviate the Eskom crisis, but while the country still awaits the start of a proper vaccine rollout. For much of the first quarter, volatility in equity markets was triggered by a surge in US treasury yields as investors anticipated high inflation as a result of the US stimulus package.
US President Joe Biden introduced a $2-trillion infrastructure plan for the country on Wednesday — one that’s designed to establish the US as a global leader on climate change with an overhaul of the transportation sector, energy, construction and more.
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