The report discusses the South African equity market's performance, highlighting the impact of the weak rand and the potential economic challenges in 2014. It notes the market's premium valuation due to superior governance and capital allocation, despite concerns about rising business costs. Sector valuations and returns are analyzed, with a focus on the Consumer Staples sector's underperformance.
doj/DataSet10/EFTA01451045.pdf
{"title":"GEM Equity Strategy Outlook 2014","key_people":["Cyril Ramaphosa"],"document_date":"December 2013","document_type":"tabular","key_locations":["South Africa","China"],"document_subtype":"financial report","key_organizations":["SARB","ANC","Deutsche Bank"]}