South African stocks are poised for their longest monthly winning streak since 2013, signaling a powerful resurgence of investor confidence. The FTSE/JSE Africa All Share Index is heading for an eighth consecutive monthly gain, fueled by a combination of attractive valuations and a brighter domestic outlook. Key drivers include the nation’s recent removal from a global financial watchdog’s “grey list,” which has bolstered its international standing. Simultaneously, a global rotation into emerging markets, spurred by easing trade tensions and anticipated interest rate cuts, is providing a significant tailwind. Sectors such as banking and telecommunications are leading the charge, benefiting from high dividend yields and strong company earnings. While investment in precious metals has declined, analysts suggest the market’s breadth may continue to expand, positioning South Africa for a potentially sustained period of growth.
Bloomberg
