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Analysis > Markets

Upcoming Election Weighing on Investors in South Africa

Bryn Hatty, CIO, Stonehage Fleming
Jan. 29, 2024, 1:42 p.m.
3487

Word count: 769

Even though several negative factors impacted the investment environment in 2023, South African markets followed global peers higher in the final quarter with the FTSE/JSE All Share Index ending the year at 9.3%, which was marginally behind bonds at 9.7% but ahead of cash, at 7.8%. The standout performance for 2023 came from global equities, with the All Country World Index (ACWI) returning 31.3% (in rand).

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