Although labor unions lobbied for a rate decrease, Johan Rossouw of Vunani Securities thinks it was the right decision. “There are significant labor cost pressures out there and we’re seeing a recovery in consumer spending. Inflation will bottom soon and it will be increasingly difficult to cut interest rates further.”
Dan Dzombak of the Motley Fool is a proponent of holding a third of your portfolio in developing markets such as South Africa. He recommends the iShares MSCI EAFE Index (NYSEArca: EFA) and iShares MSCI Emerging Markets Index (NYSEArca: EEM). But those aren’t South African ETFs exclusively. If you want an ETF that is exclusive to South Africa, take a look at iShares MSCI South Africa Index (NYSEArca: EZA).
For more stories on South Africa, visit our South Africa category.
Sumin Kim contributed to this article.