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Market & economic wrap: SA Inc on a high as euphoria sets in over the establishment of a government of national unity

South Africa’s Government of National Unity has sparked optimism, driving a 3.5% surge in the JSE, with good performance from retailers and the financial sector. The rand strengthened, signaling potential net foreign buying. Globally, tensions persist between China and the world, impacting European stocks and in the US, Nvidia’s AI-related surge led to a record high for the S&P 500.