SA rally is set to be brief – BofA
SA 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 deter investors, according to Bank of America Securities.
“... longer-term realities such as Eskom load shedding, lack of consumer and business confidence, leads to the rally petering out,” said BofA researcher Michael Jacks. – Bloomberg