{"id":28338,"date":"2022-03-31T19:02:32","date_gmt":"2022-03-31T19:02:32","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/all-news\/rand-sa-shares-and-bonds-delivered-some-of-the-worlds-best-returns-so-far-in-2022"},"modified":"2022-03-31T19:13:36","modified_gmt":"2022-03-31T19:13:36","slug":"rand-sa-shares-and-bonds-delivered-some-of-the-worlds-best-returns-so-far-in-2022","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/rand-sa-shares-and-bonds-delivered-some-of-the-worlds-best-returns-so-far-in-2022","title":{"rendered":"Rand, SA shares and bonds delivered some of the world’s best returns so far in 2022"},"content":{"rendered":"

Africa-Press – South-Africa. <\/strong><\/span>Investors who chose South Africa as a haven in a stormy first quarter have been rewarded with some of the best currency, equity and bond returns in emerging markets.<\/p>\n

While the start of monetary policy tightening in the US and war in Ukraine spurred weakness for most risk assets, the newsflow favored South Africa. Commodity prices have soared, boosting the Johannesburg stock market and the local currency.<\/p>\n

The rand, typically a casualty in times of fragile sentiment, is set to end the quarter more than 10% stronger against the greenback, its strongest start to the year since Bloomberg began tracking the pair in 1993. That performance ranks it among the top two in emerging markets and in the top four globally.<\/p>\n

Africa\u2019s most industrialised economy attracted investors during the first quarter because of the surge in commodity prices and its distance from the conflict in Europe, said Lester Davids, a strategist at Unum Capital in Johannesburg.<\/p>\n

\u201cHigher commodity prices have benefited South Africa\u2019s trade balance, and the geopolitical tensions have seen funds flow out of Russia and into other parts of emerging markets, with South Africa also being a beneficiary of the re-allocation,\u201d he said.<\/p>\n

Here\u2019s are how other assets have fared:<\/p>\n

Appealing equities<\/b><\/p>\n

As of Wednesday\u2019s close, South Africa\u2019s benchmark stock index had advanced 12% in dollar terms, its best three-month performance since December 2020 and the strongest first-quarter in 16 years. Gold miners have been among the biggest contributors to the gains as Russia\u2019s invasion of Ukraine spurred demand for bullion. Coal miner Thungela Resources set the fastest pace, more than doubling as the war prompted a scramble for alternative supplies of the fuel.<\/p>\n

Bank stocks have risen to all-time highs, with a sector index advancing for an eighth successive quarter as the outlook for rising interest rates and a strengthening rand attract buyers.<\/p>\n

Outperforming bonds<\/b><\/p>\n

The war in Ukraine has upended bond markets and, while yields in South Africa did rise, the debt has remained attractive, thanks to inflation remaining within the central bank\u2019s target range.<\/p>\n

South Africa\u2019s local-currency bonds are the second best-performing in emerging markets this quarter with returns of 13% in dollar terms, compared with an average drop of 2.4% among peers.<\/p>\n

For More News And Analysis About South-Africa<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – South-Africa. Investors who chose South Africa as a haven in a stormy first quarter have been rewarded with some of the best currency, equity and bond returns in emerging markets. While the start of monetary policy tightening in the US and war in Ukraine spurred weakness for most risk assets, the newsflow favored […]<\/p>\n","protected":false},"author":84,"featured_media":28337,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[274,315,1185,1187,1186,275],"class_list":["post-28338","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-africa-press","tag-africa-press-south-africa","tag-bonds","tag-rand","tag-shares","tag-south-africa-2"],"yoast_head":"\nRand, SA shares and bonds delivered some of the world's best returns so far in 2022 - South Africa<\/title>\n<meta name=\"description\" content=\"Investors who chose South Africa as a haven in a stormy first quarter have been rewarded with some of the best currency, ...\" \/>\n<meta name=\"robots\" content=\"index, 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