The JSE is proving the SA doom-mongers wrong, outperforming its developed-nation counterparts in dollars and countering the narrative that local investors should get their money offshore as soon as possible.

The all share index has delivered a commendable 13.1% in dollar terms thanks to strong commodity prices, which have benefited heavyweight resource counters such as Anglo American and BHP. A resilient rand, the only big emerging-market currency to have strengthened against the dollar this year, has also protected the bourse’s hard currency performance...

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