From zero to hero: South Africa is hot among overseas investors at conference

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The Bank of America Securities' annual Sun City Conference had more investors upbeat about SA this year.
The Bank of America Securities' annual Sun City Conference had more investors upbeat about SA this year.
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Sustained high commodity prices, rising interest rates and the credit quality of SA banks are convincing international investors to put SA at the top of their emerging markets list again.

This as other emerging market alternatives, like Russia (following the invasion of Ukraine) and Turkey (which is facing a currency and debt crisis) have faded away.

Bank of America (BofA) Securities hosted local and international investors at the annual Sun City Conference at the end of March. Some 78 local corporates attended, and 92 offshore institutions requested 520 meetings with the South African firms.

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