Tag: sa bonds
About 57 per cent of fund managers believe South Africa’s equity market is undervalued, the highest since the 2008 financial crisis. That’s according to research from Bank of America. Most investors see more “buy” opportunities on the market than “sell” and to discuss where these are CNBC Africa spoke with John Morris, Senior Director and South Africa Investment Strategist for Bank of America.
Moody’s downgraded South Africa’s sovereign credit rating to junk status on Friday evening and this has left has left government concerned and trembling in its boots to what extent that this might have on the economy. The downgrade coupled with the COVID-19 fears is bringing much stress to the rand as well as the markets. Joining CNBC Africa to unpack it all is Rashaad Tayob, Fund Manager at Abax Investments and Jacques Celliers, CEO of FNB.