Coronation wary of SA Inc value trap
Asset manager favours global businesses listed on the JSE, because of extremely difficult environment
12 April 2024 - 05:00
Asset manager Coronation says its SA equity portfolio is heavily tilted towards global businesses that are not beholden to domestic economic headwinds, warning that the current low valuations might present a value trap for overeager investors looking to buy on the cheap.
Charles de Kock, a portfolio manager at Coronation, said the SA economy was hampered by ageing infrastructure and poor maintenance...
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