Stock Trading Volumes in South Africa Dwindle Before Polls

The number of shares changing hands on the Johannesburg bourse has dwindled to the lowest level seen this year, when measured on a monthly basis. The quiet trading suggests caution has taken hold before the polls measure support for the ruling African National Congress and President Cyril Ramaphosa’s efforts to improve economic management and fight corruption. South Africa’s economy hasn’t grown more than 2 percent annually since 2013, while business confidence is at a two-year low.

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