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The South African unit of M&G, the UK fund manager overseeing more than R6 trillion in assets, sees opportunities in investing in the nation’s industrial and financial companies as earnings growth may surprise.
'People have underestimated the ability of earnings' to rebound, said Byrne.
Investec downgraded shares of The Foschini Group (OTC:FHNGY – Get Rating) from a buy rating to a hold rating in a research note released on Monday, The Fly reports. FHNGY opened at $7.87 on Monday. The Foschini Group has a one year low of $7.21 and a one year high of $11.50. The company’s 50 […]
Online giant Takealot and retail groups will have to watch out.
The Foschini Group is on the up - by bringing production back to South Africa from the likes of China, Bangladesh and Myanmar.