Local investors still pessimistic, says Investec Wealth and Investment
‘The big question from the local investor base is whether they should still have exposure to SA, given the uncertainty’
Investec's wealth business says South Africans continue to take their money offshore, as their pessimism about the country seems to outweigh global political developments that preoccupy investors in other regions.
While investors around the world are asking themselves if they should be cutting their exposure in markets such as the UK and US given uncertainty over Brexit and China-US trade war, Chris Holdsworth, chief investment strategist at Investec Wealth and Investment SA, said local investors were more concerned about stagnation in the SA economy and falling share prices that they did not even recognise signs of recovery...
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