FLZA News and Press, Franklin FTSE South Africa From 12/20/20

Tech stocks have easily beaten high yield stocks over the past few years. We expect the opposite to happen going forward. Invest in tech, but invest more in high yield. For further details see: Why High Yield Should Pummel Tech

Fitch Ratings downgrades South Africa's long-term foreign-currency issuer default rating to BB- from BB; outlook negative.The cut reflects "high and rising government debt, exacerbated by the economic shock triggered by the COVID-19 pandemic," the ratings company said."The very low trend grow...

Global business cycles are closely interconnected. Global business cycles are closely synchronized. Global equity markets respond accordingly. For further details see: Investing In Foreign Markets Sounds Exciting - But Isn't Always

Technical recovery from 50% decline in GDP during Q2 and benign global conditions have masked further deterioration in the medium- and long-term outlook. Administration's policy trajectory set to continue locking the country into a deep deflationary stagnation, with record unemploymen...

Countries around the world have responded to the economic downturn by implementing fiscal stimulus. This intervention has led to a deterioration of fiscal finances everywhere. However, even by these relative standards, Brazil and South Africa look particularly dismal. For fu...

South Africa remained in recession at the start of the year, with a first-quarter fall in GDP of 2% on an annualised basis. With the nationwide lockdown at its strictest in the second quarter, PMI data signalled that the downturn is set to deepen sharply in the three months to June. Business c...

By Bassel Khatoun, Managing Director, Director of Research, Director of Portfolio Management, Frontier and MENA, Franklin Templeton Emerging Markets Equity; Salah Shamma, Head of Investment, MENA Franklin Templeton Emerging Markets Equity Countries in the Middle East-North Africa ((MENA))...

South Africa is a beautiful country with a proud history after the fall of apartheid. It has much to offer to the world and was once Africa's largest economy. Since Nigeria took that crown in 2014, the economy continued to weaken under the corrupt administration of Jacob Zuma and subsequentl...

Sibanye-Stillwater (NYSE: SBGL ), Harmony Gold (NYSE: HMY ) and Impala Platinum ( OTCQX:IMPUY ) say they have been forced to cut their South African mining operations since Monday due to record power shortages . More news on: Harmony Gold Mining Company Limited, Impala Platinum Holdings...

South Africa may see bond outflows of $4B-$8B if its rating is cut to junk by Moody's, thereby excluding it from Citigroup's World Government Bond Index, write Credit Suisse strategists including Kasper Bartholdy and Daniel Chodos. More news on: iShares MSCI South Africa ETF, Franklin Temp...