Most SA asset managers expect the rand to strengthen to R17.30/$ in 2024 and for the Reserve Bank to start cutting the repo rate in the second quarter of the year, which will boost consumer-facing stocks and the domestic equity market broadly.

Results from SA Fund Managers Survey, conducted by Bank of America Global Research, show that more than 70% of asset allocators believe that SA equities are undervalued, with more than before looking to buy instead of selling SA Inc before next year. The survey was conducted from November 3 to 9. ..

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