Goldman Sees Room for South Africa Asset Rally on Credit Upgrade

Markets are not pricing in the probability of South Africa’s return to investment grade, leaving scope for government bonds, stocks and the rand to rally, according to Goldman Sachs Group...

By Mpho Hlakudi · Bloomberg Markets

Markets are not pricing in the probability of South Africa’s return to investment grade, leaving scope for government bonds, stocks and the rand to rally, according to Goldman Sachs Group Inc.