@GoldmanSachs bullish on #SouthAfrica as investment destination, notwithstanding self-inflicted problems


Goldman Sachs
International MD Colin Coleman told the Frontier Forum at the Industrial
Development Corporation on Wednesday that notwithstanding the local
problems – which he described as self-inflicted – South Africa had the
deepest capital market in the region and one of the deepest capital
markets measured as market capitalisation of the Johannesburg Stock
Exchange (JSE) divided by gross domestic product (GDP).

“South Africa has two times market cap to GDP, which reflects the
liquidity and sophistication of the JSE, which is a very favourable
destination to fund managers,” Coleman said

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 Goldman Sachs International MD Colin Coleman told the Frontier Forum at the Industrial Development Corporation on Wednesday that notwithstanding the local problems – which he described as self-inflicted – South Africa had the deepest capital market in the region and one of the deepest capital markets measured as market capitalisation of the Johannesburg Stock Exchange (JSE) divided by gross domestic product (GDP).

“South Africa has two times market cap to GDP, which reflects the
liquidity and sophistication of the JSE, which is a very favourable
destination to fund managers,” Coleman said…

Read the whole story here: Goldman Sachs bullish on South Africa as favourable investment destination

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