Nigeria's Windfall Tax Hike: Market Reactions and South Africa's Equity Projections

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Join Joanna Mustapha on today's edition of Market Pulse as we break down the latest market activities and significant events influencing investor sentiments. The Nigerian Senate has raised the windfall tax on banking FX gains to 70%, sparking debates on its impact on banking stocks. In South Africa, Morgan Stanley forecasts that JSE stocks will outperform cash and bonds over the next year, driven by promising yield projections. Olusola Ore-Oyeniku, Head of Research and Strategy at Greenwich Merchant Bank, shares his expert analysis of these developments. Don’t miss insights on Jaiz Bank's impressive YTD growth and its prospects in the recapitalisation exercise. Watch now to stay informed!

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