South Africa rides global growth wave

As global growth swings upward, South Africa hits an 'economic sweet spot', which is good news for commodity prices. Resource companies make up approximately 35% of the Johannesburg Stock Exchange (JSE), so healthy prospects for commodities, lower interest and inflation rates and the Government's sound macroeconomic policy establish a near-perfect backdrop for the local economy. There has been a succession of good economic news lately, culminating in a stimulatory budget and an investment grade rating from Standard and Poor's. Further, the Reserve Bank has, for the first time, introduce...