South African bonds are well-placed amid current market uncertainty
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The current environment of rising global inflation and central bank interest rate hikes is negative for risk assets in general, STANLIB’s deputy head of Fixed Income Sylvestor Kobo explains in this podcast. However, commodity exporters like SA are set to benefit, and higher government revenues reduce the need for bond issuance. South African bonds could deliver a total return of almost 15% this year, but there is still a lot of uncertainty around the outlook.