Regional Asset Class Strategy

The South African rand looks precarious and will likely move to ZAR11.0000/US$ in the near term.

  • We are increasingly positive towards Ugandan local debt, and will consider initiating a key view in our asset class strategy table.

  • We see little value in Sub-Saharan African eurobonds due to an increasing mismatch between low yields and often shaky fundamentals. Even so, new issuances by Kenya, Angola, and Côte d'Ivoire will likely be well-received.

  • Ups And Downs
    SSA - BMI Q1 2014 Currency Forecast, Appreciation/Depreciation %
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    This article is tagged to:
    Sector: Country Risk
    Geography: Africa

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