REITS
Rand hedges rebound
Investors rotate into offshore property stocks as relentless load-shedding and a stuttering economy dim South Africa’s growth outlook
27 April 2023 - 05:00
JSE property stocks that generate 100% of their earnings offshore are back on the sector’s leader board, reversing some of the hefty losses recorded last year.
That’s despite concerns about tightening lending conditions and higher debt funding costs in the UK, Europe and US. The recent bank failures in the US have underscored this...
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