Is local still lekker for investing in South Africa?
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It is hard to imagine that only a year ago, markets hit rock bottom and investors were worried about how the rest of 2020 would pan out, says Debra Slabber, portfolio specialist at Morningstar Investment Management South Africa.
Across the globe, investors were faced with numerous questions questions around market recovery, disinvestment, and inertia.
“Today we are facing a different dilemma. Markets are at an all-time high. In a short space of time, everything has changed. The rollout of Covid-19 vaccines and associated hopes for imminent economic recovery, along with unprecedented fiscal and monetary support from governments and central banks around the world, has driven equity markets beyond or close to record highs of late.