Strong currency proves a pain for South African funds

clock •

SOUTH AFRICA - Currency volatility is playing havoc with South African retirement fund performances.

In 2001 the rand plunged 38% to nearly R20 to the pound, but has recovered to about R12. Given the resources bias of the Johannesburg Securities Exchange, retirement funds boasted annual returns...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Africa

Africa

Africa tipped to lead frontier market growth

GLOBAL - Africa and Russia represent some of the best investment opportunities for funds considering emerging and frontier markets, Danish pension funds heard.

Chris Panteli
clock 20 May 2011 •
Africa

MENA region oversold - Mobius

MENA - Mark Mobius is "cautiously" looking to buy oversold quality companies in the Middle East and North Africa, despite increasing volatility in the region.

Emma Dunkley
clock 15 March 2011 •
Africa

MENA region still attractive despite unrest

MENA - The Middle East and North Africa (MENA) still offer investors attractive opportunities despite the current political turmoil, ING Investment Management believes.

Chris Panteli
clock 04 March 2011 •
Trustpilot