January 2016 Analysis

Market Strategy - Is JALSH At Risk From A Collapsing South African Economy? - JAN 2016

BMI View: Because South African-listed companies derive most of their earnings from abroad, investors in the FTSE/JSE Africa All Share Index (JASLH) are not so vulnerable to South African growth wobbles. The index is dominated by the retail sector, which has displayed resilience and while the outlook for commodities is unsupportive, commodity companies only account for 11% of the index.