Uncertainty still reigns locally and globally. Therefore, investors have to be innovative when looking for investment opportunities.
domestic equities may be considered to offer great value and the potential for the strongest rerating, but most portfolio managers appear to be opting for restraint – a theme that became evident in discussions with analysts this quarter.
Locally, it remains unclear whether President Cyril Ramphosa’s new government will usher in bolder stage-two reforms.
There’s concern about the dangers of further structural weakening of the economy, fear of additional fiscal deterioration resulting from higher expenditure pressures, and apprehension of the supportive role of global markets. The trade war between the US and China is not helping with considerable outflows from emerging market (EM) bonds and equities.
Allan Gray senior executive, Vuyo Nogantshi, reminded me again that “diversification is the only free lunch in finance”. He warned about overconcentration in SA’s relatively small equities market, with the top ten shares on the JSE making up 50% to 60% of the index. In contrast, the top ten shares in one of the world’s major indices, the S&P 500, makes up just over 20% of the index.
هذه القصة مأخوذة من طبعة 20 June 2019 من Finweek English.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة 20 June 2019 من Finweek English.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
THE HEALTH OF SA'S MEDICAL SCHEMES
As the Covid-19 pandemic abates, finweek takes a look at the financial performance of some of the largest players.
The effect of Gilbertson's departure
With Ntsimbintle Holdings now the major shareholder of Jupiter Mines, it could change SA’s manganese industry.
Making money from music
Why investors are increasingly drawn to the music industry.
Conviction is key
Sandy Rheeder plays a critical role in Mukuru’s mission to open up financial services to the emerging consumer market in Africa through tailor-made technology solutions and platforms.
The post-pandemic toolkit
How CFOs can use technology to support growth.
Big city living exodus
Mini cities like Waterfall City and Steyn City are redefining city-style apartment living.
Big compact, big value
Handsome, with a hefty level of standard specification, the roomy Haval Jolion compact crossover is a great value proposition.
On barriers to entry
There are various ways in which a company or sector can achieve competitive dominance. They usually make for good investments.
Fear and greed in one index
To buck the trend, when markets are hot or cold, is a tough thing to do. However, it can deliver solid returns.
Africa's largest data centre facility coming soon
Vantage Data Centers plans to invest over R15bn for its first African data centre facility in Attacq’s Waterfall City.