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2010 soothes 'bumpy ride'
10/01/2008 15:24 - (SA)
Johannesburg - Investors may face a bumpy ride in the short term, but market prospects in the build-up to the 2010 Soccer World Cup are relatively positive.
However, there are concerns that the credit debacle could take the US into recession and SA will feel the fall-out. Paul Hansen, Stanlib's retail investing director, says public spending is expected to reach R490bn in the next few years, with private sector expansion adding further impetus.
"Despite these commitments, the national Budget is in surplus while the 2010 World Cup will boost foreign tourism and create spin-off benefits across the service economy," he said.
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