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EM Thematic January 14, 2022 / 10:38 am UTC

Can South African Assets Follow Up On 2021 Performance?

By Francesca Beausang
South African markets have a habit of surprising to the upside. The bond market provided among the highest returns in the world in 2021 with a net yield of nearly 9%. If we go back to the beginning of COVID lockdowns at end-April 2020, only MXN appreciated more than ZAR.