In partnership with Economics Global 

In line with its Emerging Market peers, South African equities have been on a tear as of late, as
global equities continue to be hopeful for a steady economic recovery. However, should global
investors pay attention?

South Africa’s major equity benchmarks are on track to erase their loses for the year, staging an
impressive rally from their March lows. South African stocks have joined their Emerging Market
and Developed Markets peers in an attempt to recoup their losses from earlier in the year, due to
the COVID-19 pandemic.

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