South Africa's Finance Minister Godongwana says South Africa has buffers to absorb the shock of the war in the Middle East; still sees a positive outlook for South Africa, according to a Bloomberg TV interview

Finance Minister Godongwana's comments signal a level of resilience in South Africa's economy amidst geopolitical tensions, indicating that the country is positioned to handle potential shocks from the ongoing conflict in the Middle East. His positive outlook could support local assets, but traders should watch for any shifts in market sentiment linked to global risk appetite and commodity prices, especially given South Africa's exposure to these dynamics.