Market Indicators
- JSE All Share (ALSI) 78,977.89
- Rand/Euro R 19.62
- Rand/Pound R 22.89
- Rand/US Dollar R 17.80
- Rand/Aus Dollar R 11.98
The Bear Trap?
South African equities are trading at meaningful discounts, yet we are not alone and many other countries are introspective in considering how to improve their respective outlooks. In this month’s comment, we explore how different companies are impacted by the local economic environment, and how fund managers are perceiving what seems like a good opportunity to make money. Is South Africa an investment opportunity, or a value trap where the market bears are proven right?
