Concerns that the Fed will have to wrestle with elevated inflation for a long time slowed this week’s rally
In energy matters, the government appears enslaved by ‘first world’ norms and standards
The accused were arrested as part of a Hawks operation to nab alleged instigators who incited public violence during looting and destruction in 2021
Nedbank failed to comply with certain provisions the Financial Intelligence Centre Act
Mudiwa Gavaza is joined by Larry Masson, a financial adviser and franchise principal at Consult by Momentum.
Parent company London-listed Pearson Plc said the disposal was part of a strategic review.
US attorney-general Merrick Garland has asked a judge to unseal the search warrant for Trump’s home
Top swimmers have a rivalry that could develop into one of SA sport’s greatestt
Rushdie’s condition is not immediately known
SA’s economy is producing a steady stream of negative headlines: recession, record unemployment and the weakest manufacturing in eight years.
Amid all this bad news, some locally traded stocks are beginning to look attractive. Investors seeking value should keep an eye on lenders, diversified industrial companies, healthcare providers and pharmaceuticals, said Feroz Basa, who helps manage about $150m as joint head of Old Mutual Investment Group’s emerging-markets unit.
"You’re finding some pockets of opportunity in banks," particularly in Barclays Africa Group, following the sell-down by Barclays, Basa said by phone from Cape Town. The stock trades at the lowest valuation among its peers, as measured by its price-to-earnings ratio and "the dividend yield is very attractive", he said. After rising 43% last year, Johannesburg’s index of banking stocks has lost 0.4% in 2017.
While Johannesburg’s main stock gauge climbed to a record high this week, the frail local economy has held back ...
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