South African stocks are heading for their best first-half performance in almost two decades, and precious-metal prices could pave the way for further gains. Commenting on the topic, Peter Takaendesa, Chief Investment Officer at Mergence Investment Managers, said: “If a few stars align such as continued fund flows toward EMs and structural reforms in South Africa pick up some pace at the same time with a continued broader recovery in global commodity prices, then our market could continue to push higher”.