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South Africa’s commodity boom set to spill into wider economy | SA News

South Africa’s 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 Old Mutual Investment Group.

“The surge in precious metals prices has already lifted corporate tax receipts and dividends, creating positive second-round effects for the consumer economy,” OMIG Chief Investment Officer Siboniso Nxumalo said at an event in Johannesburg on Tuesday. “Historically, when there’s been a commodity boom, there are spillover benefits into the economy, which then benefit…

The Cradle of Humankind: A paleoanthropological site near Johannesburg, it is
one of the richest hominin sites in the world.

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  1. Fun South African Travel tip: You can visit the hominid fossil displays and learn more about the beginnings of our planet at the Maropeng Visitors Centre and Sterkfontein Caves.

  2. Fun South African Fact: Travel to Tsitsikamma, on the border of the Western Cape and Eastern Cape to visit the world’s highest commercial bungee jump! Those who are brave enough can take the 216-meter jump off the Bloukrans Bridge and soar through the air towards the Bloukrans River below. Definitely a must for thrill-seekers and adrenaline-junkies!