There has been renewed investor appetite for rand hedge property stocks, with a number of counters notching up share price gains of between 4% and 8% last week.

Analysts say increased appetite for offshore property stocks comes in the wake of renewed rand weakness. Last week alone SA’s currency lost 3.66% against the euro, 3.22% against the British pound and 2.76% against the US dollar, according to figures from Anchor Stockbrokers.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.