Fear in Stock Market Spurs South African Fund Manager's Quiet Picks
- Mispricing has created value, PSG’s Shaun le Roux says
- If good news persists, ‘South African assets could do well’
Zuma's Reign in South Africa Could End Today
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A sharp slide from record levels has created pockets of opportunity in South African equities, according to a $3 billion fund manager.
Euphoria over Cyril Ramaphosa’s election as leader of the ruling African National Congress helped drive the benchmark FTSE/JSE Africa All Share Index to all-time highs in January. That was followed by a 9 percent plunge as the global equities selloff engulfed Johannesburg stocks.