In the low interest rate environment globally, where there is hardly any yield, South Africa still offers value to foreign investors, with relatively low risk.
More Quotes from Michael Keenan:
I think it was pretty neutral from a rand perspective but he did a paint pretty optimistic outlook for the rand.Michael Keenan
There's a lot of apprehension ahead of the Reserve Bank's monetary policy committee. Although it's widely expected interest rates will stay unchanged, guys will be looking to how at how the Reserve Bank is concerned about oil prices and consumer spending.
Michael Keenan
Next week is big. We've got a bit of data coming out on the local front, which will give an indication of where our inflation cycle peaked and as such more insight on the interest rate outlook.
Michael Keenan
What is remarkable about this growth is that it is coming off a high base.
Michael Keenan
The weaker rand is causing some of the bulls to lock in profits. It could have been worse had it not been for the slightly better-than-expected inflation numbers and the fact that oil prices have started to drift lower.
Michael Keenan
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