Emerging-market funds wary of China may turn to South Africa, investors say

By David Whitehouse

Posted on Thursday, 16 March 2023 06:00
The Johannesburg Stock Exchange in Sandton, South Africa. Reuters/Siphiwe Sibeko.

The eclipse of Russia as an emerging market narrows the field for fund managers. Suspicions that China may be supplying Russia with military equipment for the war in Ukraine underscore the need for investable alternatives.

If South Africa can’t attract foreign equity investors in this geopolitical environment, then it’s hard to imagine a scenario where it can.