SA stocks are cheap as investors shun the SA’s faltering economy
‘SA falls into the value-trap category because there is no earnings growth on the domestic stocks’
02 August 2019 - 16:32
Nairobi — SA stocks look cheap right now, by one clear measure at least. And the evidence suggests they will stay that way.
Shares in SA are trading at the biggest discount to US stocks in more than a decade. The S&P 500 index has stormed ahead in 2019, rising 18%, with tech stocks powering the advance. That’s pushed price-earnings above their five-year averages and widened the gap over the SA benchmark to the widest since March 2009...
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