EZA - South Africa's Economic Mess Obscures Value In Its Stock Market

September, 30 2020 12:12 PM iShares MSCI South Africa Index Fund

South Africa’s economy is a basket case. Yet many South African companies have strong prospects.
Naspers, which accounts for 24% of EZA's portfolio is a global tech company trading at an absurd discount.
South Africa's large exposure to gold mining also means it will benefit from a commodities boom.
The slightest bit of good macro news will be reason to look at buying EZA. Until then it's better to focus on bottom-up value.

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Company Name:	iShares MSCI South Africa Index Fund
Stock Symbol:	EZA
Market:	NYSE