South African equities market outperforming

The Johannesburg All-Share Index is up 48% since 12 September making South Africa one of the world's best performing equity markets over the past two quarters. Fund managers have generally played the market through stakes in multi-national miners and industrials, which have outperformed domestic consumer stocks. Global strategist at M&G, John Hatherly, says the well-managed global mining companies, such as BHP Billiton, Anglo American and Angloplat, are prospering because of a rebound in the global economy and the falling rand. 'South Africa, like Australia, is one of the great min...