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Abstract:President Ramaphosa, along with some ministers, was able to confirm a foreign investment in the form of a $15 billion partnership with Saudi Arabia in a recent state visit to Riyadh. This investment is meant to be directed toward developing industries such as renewable energy, tourism mining, and so forth. This investment is bound to have an effect on the South African economy and so it is important that we traders find out when this investment is to come into effect as well as how to prepare for the coming economic changes.
There is bound to be a lot of positive volatility in the markets and we trainers need to be prepared. You are going to need a regulated broker that offers low or preferably fixed spreads to give your trades a bigger chance of being successful. To find such a Bbroker I recommend you download WikiFX and look through them. This app is connected to every regulatory board globally so they will be able to connect you to the best-regulated broker in your country. They also show you which brokers are known scammers so you can already avoid these people before you lose your investment. Download WikiFX from your app store today and protect yourself.
The negotiations concerning the partnership have been in talks since 2018. The recent visit by the President gave him the opportunity to resume the conversation concerning the investment and move on to the closing of the deal which will see the Saudi government invest a total of $15 billion into South Africa.
This financial relationship has borne some fruit before as over the past 4 years Saudi Arabia has invested a total of a billion dollars into the South African economy. By the look of their previous commitment, we can almost guarantee that this investment is bound to commence as planned. This investment is meant to boost production in industries on which the economy is very dependent such as tourism and mining, and is also meant to supplement emerging industries such as renewable energy, etc.
This investment may also change investment sediment in the country. It has been theorized that South Africa may be attributed to junk status due to the recent economic challenges and setbacks it has faced partly due to improper management of business and state resources. The country may be labeled to be an investment risk which is bound to affect investor sediment. This investment may change this sediment as we may see growth in the South African Economy.
Due to this announcement, we should expect volatility in the market in the coming weeks. The rand is bound to gain some of the strength it has lost over the past few weeks. For those who have entered long-term short positions, this may be the opportunity you have to secure profits where ever you can as the markets may be turning around.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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