Is the current political climate in South Africa going to have a negative effect on the markets?
When it comes to the economy, uncertainty is never a good thing. An uncertain political landscape deters both foreign and local investment in a country. However, South Africa still has a strong democracy, solid fixed investment and a government in a strong financial position. Also, most of the political uncertainty has already been factored into local share prices. The five-year outlook for the South African economy is therefore still positive, which underpins our equity market and should not negatively affect your retirement savings over the medium to long-term.
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