In a markets article featured in the Business Report, Mergence CIO Brad Preston is quoted discussing the Rand. He notes that the recent South Africa-specific risks are no longer fully reflected in the currency. The potential for additional Rand strength, he suggests, hinges on global factors, a weakening dollar, and a robust economic recovery in China.
Absa CEO Arrie Rautenbach steps down as the group’s valuation continues to lag that of its peers
Commenting on Absa’s results and the surprise announcement of CEO Arrie Rautenbach stepping down, Mergence Senior Analyst Radebe Sipamla said