Political and economic uncertainties are wreaking havoc with the rand. In a recent media release, Tom Elliott, International Investment Strategist at deVere Group, explains what this will mean for investments for the rest of the year.
He raises concerns about the rand’s performance extreme volatility, South Africa’s bond yields as well as the collapse of the high-end property market. Taken together, the investment strategist says that these factors contribute to a rather dim forecast for South African investments for the rest of the year.
According to Elliot any new investments into the local market should be looked at with extreme caution and with a lot of research to attempt to define the relevant macroeconomic risks at play.
Click here to read more about these factors.
