Buy Long-Term S.Africa Bonds as Economy Wilts, Futuregrowth SaysBy
Rand undervalued while economy impeded, Old Mutual Unit Says
Comfortable with `very gradual tightening' by central bank
South African long-bond yields offer better value than cash and medium-dated bonds in an economy battered by a drop in commodity prices and a weak currency, according to Futuregrowth Asset Management Pty Ltd., a unit of Old Mutual Plc.
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