South African Stocks Are More Popular Than Ever BeforeBy
Foreigners have never been this keen on South African stocks. Average daily flows into Johannesburg-traded shares are running at the highest rate since at least 1997, when Bloomberg started compiling the data. Optimism that Cyril Ramaphosa’s leadership of the ruling party will bring sound economic management, a stronger and more stable rand supporting locally focused companies and a hunger for relatively higher emerging-market returns are behind the enthusiasm.
— With assistance by Robert Brand