{"id":124689,"date":"2025-11-06T09:15:19","date_gmt":"2025-11-06T09:15:19","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/124689\/"},"modified":"2025-11-06T09:15:19","modified_gmt":"2025-11-06T09:15:19","slug":"south-africa-commodity-boom-boosts-economy-and-markets","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/124689\/","title":{"rendered":"South Africa Commodity Boom Boosts Economy and Markets"},"content":{"rendered":"<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody__3UcBa\" data-component=\"paragraph\">South Africa\u2019s commodity windfall is expected to seep into the broader economy, boosting banks, retailers and property stocks as stronger prices improve the fiscal outlook and support lower interest rates, according to <a href=\"https:\/\/www.bloomberg.com\/quote\/0329795D:SJ\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">Old Mutual Investment Group<\/a>.<\/p>\n<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody__3UcBa\" data-component=\"paragraph\">\u201cThe surge in precious metals prices has already lifted corporate tax receipts and dividends, creating positive second-round effects for the consumer economy,\u201d OMIG Chief Investment Officer Siboniso Nxumalo said at an event in Johannesburg on Tuesday. \u201cHistorically, when there\u2019s been a commodity boom, there are spillover benefits into the economy, which then benefit consumer markets.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"South Africa\u2019s commodity windfall is expected to seep into the broader economy, boosting banks, retailers and property stocks&hellip;\n","protected":false},"author":2,"featured_media":124690,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[255,73772,72,31079,4990,113,28355,61,5232,60,20596,123,71235,257,131,5766],"class_list":["post-124689","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-africa","tag-alexander-forbes-group-holdi","tag-business","tag-credit-rating","tag-economics","tag-economy","tag-generic-1st-gc-future","tag-ie","tag-interest-rates","tag-ireland","tag-johannesburg","tag-markets","tag-mining-industry","tag-south-africa","tag-stocks","tag-wealth"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/124689","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=124689"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/124689\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/124690"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=124689"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=124689"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=124689"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}