Luke Fraser 12 Jun 2025 The one bright spot for South Africa’s economy

Despite the country’s low growth environment, South Africa’s equity markets continue to reach record highs amidst expected improvements in the local environment.

South Africa’s JSE Share Index recently crossed a record 96,000 points, while the economy only grew 0.1% in Q1 2025 off an already low base.

South Africa, however, is not alone in this trend, with countries like Germany and Canada also hitting record highs despite the downgrade in their economic forecast due to US trade policies.

Old Mutual Wealth investment strategist Izak Odendaal stressed that the stock market and economic growth are different, with the former looking ahead of the latest figures.

By Luke Fraser

Full story at Business Tech