South Africa’s Stocks Bit Up, But the Tariff Whisperer Lingers
On a breezy Tuesday, the JSE FTSE Top 40 nudged upward, flirting with the 90,000‑point mark. Energy minerals, distribution services, and utilities gave a solid high‑five, keeping the market’s spirits on the rise.
But Wait, There’s a Tariff Twist!
U.S. President Trump has announced a hefty 30% tariff on South African exports, kicking in from August 1. The news sent a chill through the market’s scene, but President Cyril Ramaphosa promptly reminded everyone that diplomatic solutions are still on the table.
What’s the Next Plot Twist?
- May Manufacturing Output is the big reveal: April’s production slipped 6.3% year‑on‑year, marking the sixth straight monthly downturn in sectors like motor vehicles, food & drinks, and basic metals.
- A further contraction could push export concerns into overdrive and hurt equity performance.
- An unexpected upside might lift investor confidence back into the stratosphere.
The market’s reaction will be the real show‑stopper as new data rolls in. Keep an eye on the ticker—this storyline’s still unfolding!
