There could be some upside Down Under
The sprawling Australian market offers South African investors a vast smorgasbord of diverse opportunities
Australia — or specifically the Australian Securities Exchange (ASX) — has never really blipped on local investors’ radars. Perhaps there is an element of wariness, with so many locally listed companies having headed Down Under with big chequebooks and misplaced enthusiasm — only to retreat several years later, much poorer for the experience.
But reading the Australian papers and talking to investors, it’s apparent how, despite Australia being a world away from South Africa, some things seem universal, such as significant election issues: the cost of living, high interest rates, immigration levels and housing costs. The incumbent Labor Party has been re-elected and, much like Canada the week before, the opposition party has seemingly suffered a Trump-induced backlash to the right side of politics...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.