STEPHEN CRANSTON: What SA can learn from Latin America
SA investors have found evergreen shares in South America
What is happening to our peer emerging markets in Latin America? We tend not to pay much attention. Understandably, India and China tend to be the role models as they have had much more impressive growth without the political turmoil. Yet SA investors have found evergreen shares in South America. Coronation and more recently Old Mutual have taken shares in Kroton, a Brazilian private-education business. And Walmart de Mexico is often considered a more promising share than its parent company. Admittedly, there is less long-term investment in Argentina — the only country so far to be relegated from developed not just to emerging-market status, but to frontier status, alongside Senegal and Bangladesh. I was grateful to get an update from Gustavo Stenzel, who runs the Franklin Templeton Latin America Fund. GDP growth is in a similar space to SA — it was 1.7% in 2017 and is expected to rise to 2% this year. It has been helped by higher commodity prices and low inflation, though Donald Tr...
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.