Despite Resources Underperforming, Will The South African Market Be Up 20%+?

Foord South Africa Chief Investment Officer Nick Balkin shares that despite resources sector coming under pressure, the South African equity market could be up more than 20% in 2024 during the recent ‘What’s in store for 2024' webinar. He explains the opportunities in not only in the Chinese consumer market, but also in the internet companies. And highlights companies such as Tencent as key drivers of growth, complemented by the South African incorporated stocks, which he believes will contribute significantly to this positive outlook.