Asset managers say it is a great time to make money in SA

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Local asset managers are finding investment opportunities in SA stocks, despite our country's problems.
Local asset managers are finding investment opportunities in SA stocks, despite our country's problems.
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Portfolio and asset managers say now is a great time to make money in South Africa, despite the recent unrest, record-high unemployment numbers and more investors taking their money offshore to look for greener pastures.

During the Allan Gray investment summit this week, investment managers from various firms - including Coronation, Aluwani Capital Partners and Prudential - said they saw opportunities to make great returns from unloved stocks like Blue Label Telecoms, hotel groups, and expected the commodity boom to run its course a little longer.

The portfolio manager and founding member of Aluwani, Patrick Mathidi, said his company still expected a 20% return in the next 18 to 24 months.

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