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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.
iStock

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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