South Africa’s Stock Rally May Have Legs. These 2 Sectors Could Benefit.
Written by Emily J. Thompson, Senior Investment Analyst
Source: Barron's
Government Stability and Economic Impact: South Africa's Government of National Unity has maintained stability for nearly six months, leading to a 17% increase in the iShares MSCI South Africa ETF and a significant drop in bond yields, while also achieving over 250 days without blackouts from Eskom.
Investor Sentiment and Challenges Ahead: Despite some optimism regarding gradual improvements in the economy and power provision through privatization, investors remain cautious due to high unemployment rates and historical volatility in market sentiment, with skepticism about achieving substantial economic growth.
Analyst Views on EZA
Wall Street analysts forecast EZA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EZA is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 75.560
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Current: 75.560
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
