Economic and Market Analysis 27 to 31 July

More and more fundamental indicators are starting to show that the world economic recession is subsiding and the past week was no exception. Domestically, South African shares are continuing their upward rally notwithstanding the dark clouds of strikes across most economic sectors. Foreign investors remain positive on South African shares and bonds. Together with the strong rally in the prices of gold and platinum, the rand exchange rate continued to appreciate against all major currencies. Property shares finally started to move positive. Read on..