The prospect of the weakest economy in about a century due to the Covid-19 outbreak has not dented the confidence of local investors who expect to make double-digit returns from the stock market, a report by global investment manager Schroders shows.

The JSE may deliver total average annual total return of 12.67%, almost 2 percentage points higher than the global average, the UK-based company that oversees about £525bn (R12-trillion) for clients worldwide, said in a report last week. Expectations for 2020 are similar to what respondents said they had expected for 2019, when SA investors called for an average 13.8% gain.

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