The South African ZAR breaks to 4yr lows
The South African ZAR breaks to 4yr lows as banking sector under pressure and threat of rate cuts comes as inflation plummets for this commodity dependent economy.
Africa
Coca Cola-HBC sees risk in Russia
Coca Cola – Hellenic Bottling Company (HBC) acknowledge some issues/risk doing business in emerging markets in a statement to investors. Specifically Coca Cola indicated the risk in doing business in Russia is now at the same level of risk as in Nigeria.
Gold – Why the carnage? Gold Miners – What happened?
The Gold price and the share prices of gold miners have been under heavy pressure, with miners in a deep, deep funk. Let’s discuss.
South African rand falling fast
The South African rand is now at 45-month lows with a hard sharp move in ZAR in the last hour, which is now -1.25%. Local bonds are being sold off hard.
Warming up to South African retail
The hottest sector for three years in South Africa — retail — has been taken out and beaten in 2013. Beaten hard! We highlight this because it is worth doing some work and making a call as the market has had a large move.
Best performing emerging markets redux
Three weeks ago we published an analysis of the best performing stock markets utilizing data from the Financial Times Global Equities Macromap. The five best performing equity markets for the previous twelve months were emerging markets.
MENA delivers mixed results
It comes as no surprise that performance results year-to-date from the Middle East and North Africa are mixed. While countries within the two regions are either involved in or affected by military and political conflicts, terrorist activities and volatile oil and natural resource markets there is room for optimism.
South African rand becoming bearish
While Monday’s risk on reversal has pumped the brakes on the resurgent U.S. dollar, the technicals suggest that it is not all “rainbows and unicorns” for several emerging money currencies.
South Africa opportunities
Emerging markets have been one the best places for market participants to find investment opportunities in equities, especially in the retail and banking sectors. In particular in South Africa (EZA, quote), firms in these industries have historically been bullet proof; however, recently, shares in these firms have been adversely affected by social unrest in the country.
