SA elections bolster JSE
Analysts say the smooth running of the 2014 elections helped lift the JSE today.
JOHANNESBURG - Financial analysts say the smooth running of South Africa's fifth democratic elections helped lift the JSE Securities Exchange (JSE) this morning.
The market's focus has how shifted to global market developments.
A free, fair and incident-free election is what local and international investors were hoping for.
The JSE All Share Index responded with a few points gained, trading above 49,000 points.
Simon Brown from JustOneLap says the key for investors was how the elections would be run and if there would be any disruptions.
"The elections went exactly as they should; no major problems were reported anywhere so I think we're really back in focus and following international trends again."
Brown says from here on the market will keep a close eye on the ANC's economic growth blue print, the National Development Plan (NDP), which is a policy he says will really take a long time to get into top gear.
Watch: SA votes in fifth democratic election