Today's edition of the Saxo Morning Call features the SaxoStrats team discussing the continuing weakness of the US dollar as commodity prices recover ground and in the wake of key US equity indices hitting all-time highs Thursday.
Article / 29 May 2014 at 10:00 GMT

South Africa symbolises BRICS malaise: Ambrose Evans-Pritchard

Former managing editor, / Saxo Bank

Read more Ambrose Evans-Pritchard here
Jacques Du Preez Jacques Du Preez
I'd like to know how you think this will affect South African companies, and stocks, taking care to distinguish between commodity based and non-commodity companies?

As far as I'm concerned I believe there are still great South African companies to invest in, in non-commodity based industries. It also seems the strained future of the country is one of the things motivating many South African companies for a push into the rest of Africa. Just look at Nampak, Tiger Brands, Life Healthcare, MTN, SABMiller, Shoprite Checkers, Spar, First Rand, Vodacom etc. This is a good thing from an individual company/stock point of view. What do you think?

Also depending on your time frame, investment criteria and risk apetite, you might take another look at non-Platinum and non-Gold resource stocks, maybe focus on diversified companies, like Exxaro, and BHP Billiton, that also has a wider geographic presence. I think these might possibly get discounted, together with the rest of the SA resource stocks


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