Foreign investors are more optimistic about SA’s growth prospects than local investors, according to the Bank of America Merrill Lynch SA. This emerged from its annual investor conference this week at Sun City in North West. The conference played host to 164 investors from 70 institutions and other stakeholders including the World Bank, the IMF and credit rating agency S&P Global. Foreign investors’ growth expectations were much higher than those of South Africans: 3%-4% compared with 2% -2.5%. "Last year, foreigners feared a worse outcome. Before the ANC elective conference the view was Nkosazana Dlamini-Zuma [as ANC president] and shame for SA, but there’s been a turnaround, which has caused excitement around SA," said John Morris, a strategist at Merrill Lynch. He said that sentiment had played a huge role in the euphoria in the markets and there would certainly be an improvement in growth. There has been a $5bn inflow into SA since the middle of November 2017 when the ball seeme...
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