SA’s rand hedge minnows
So we set out the case for a firmer rand. But these small-cap stocks are hedging their bets — and making a go of it
Pressing aggressively offshore has not always worked out for JSE-listed companies in search of rand hedge status.
For every Naspers, Remgro (see Richemont and British American Tobacco), Aspen and SA Breweries, investors can also count a good number of costly offshore forays — Woolworths, Truworths, Mediclinic, Ascendis and Famous Brands, to name a few. Gaming group Sun International has just finalised the sale of its Latin American investments...