Trump victory sets rand on slippery slope

2016-11-10 06:00

The surprise victory by Donald Trump in the US presidential race could have negative consequences for indebted South African consumers. Trump’s uncertain policy stance will upset the establishment in Washington to the point that nobody knows exactly which direction he will follow, said Debt Rescue CEO Neil Roets in a statement on Wednesday.

Roets said this would bring profound uncertainty to financial markets including financial markets in South Africa.

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