BofA Sees Eskom Among Risks Set to Spoil Brief South Africa Rally
- Investors are ‘getting impatient,’ BofA strategist Morris says
- Money managers seeing more upside for retail stocks: BofA
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South African assets could enjoy a first-quarter rally, supported by alluring valuations and more upbeat global sentiment. But that’s set to evaporate as local risks including the beleaguered state power utility deter investors, according to Bank of America Securities.