WM Market Update – February 2017

Global – “The Trump Bump”

World markets forged ahead in February, in many instances reaching all-time highs, largely on the back of expected US economic growth fueled by President Trump’s pledge of significant fiscal stimulus.

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Domestic – “Februarius Horribilis”

Parliament took center stage this month with President Zuma delivering his State of the Nation address and Minister Pravin Gordhan presenting this year’s budget. The main theme of Minister Pravin Gordhan’s budget speech was: ”Our growth challenge is intertwined with our transformation imperative. We need to transform in order to grow, we need to grow in order to transform. Without transformation, growth will reinforce inequality; without growth, transformation will be distorted by patronage.”

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