MONEYWEB The outlook for SA Inc in 2021 Will government opt for more of the same, or growth? The choice is stark. Either we cut spending or we refloat the economy. 00:16 South African resources and commodity stocks performed spectacularly in 2020. Image: Supplied As well as equities performed after the Covid bounce in 2020, global equities can look forward to further positive gains in 2021, says Iain Power, chief investment officer at Truffle Asset Management, which manages the Nedgroup Investments Balanced Fund and the Nedgroup Investments Managed Fund. The Nedgroup Investments Balanced Fund has delivered annualised returns of 11.6% since its inception in 2011, placing it well ahead of its peers. It also delivered a return of 11.5% over one year.