Bloomberg has retracted a story published on 19 March 2025 that incorrectly cited filings as showing Franklin Resources, JPMorgan and Wells Fargo had been selling their South African bond holdings.
The reporting did not meet Bloomberg’s editorial standards.
“We regret the error,” said Bloomberg,
© 2025 Bloomberg
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I suppose trump could decree that US Funds are not allowed to own assets linked to certain governments? (And should instead own US treasuries or treasuries of approved counties). The white house could view foreign investment same as importing foreign goods with dollars. Nothing would surprise me.
Trade wars become bond wars. Imagine China starts dumping US Treasuries
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Easy come, easy go!!
My guess would be that JP Morgan and company will be back a lot sooner than they imagine!!
The lure of a high return and a strengthening currency is too much to ignore!!! GNU is not a factor in this equation as additional borrowing by the State has been ruled out. As far as AGOA is concerned, other blocs are more than willing to replace the exit of the USA. In fact one gets the feeling that they are parked at our airports awaiting an invite!!!
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Yes, foreign investors are lining up to be fleeced with BEE, EE, preferential procurement, local beneficiation, expropriation without compensation, labour laws, minimum wages, high taxation, imploding municipalities, bankrupt SOEs, unavailable water and sanitation and unaffordable and unreliable electricity.
They don’t mind the Zondo Commission’s indictments against this pathetic, criminal, and incompetent ANC government. Foreign investors will support the ANC because they got rich by losing money.
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