OPINION: How did SA investors react to the impact of Covid-19? persfinza By: Kondi Nkosi
What is surprising, however, is that almost a third of South African investors took the opportunity to raise their exposure to higher-risk investments.
Of the 64% who did change their holdings as the crisis unfolded, there was a stark divergence in response. A total 47% said they moved “some” or “a significant proportion” of their portfolio to lower-risk investments. But 31% took contrary action, saying they moved “some” or “a significant proportion” in to high-risk holdings.
“So they saw the February-March correction as a window of opportunity. I think we’re seeing a large cohort of investors not only committed to stock markets, but also increasingly watchful, looking to spot moments of value.”
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Actuarial Society of SA slashes Covid-19 death estimatesThe earlier version of Assa’s model had produced a limited range of scenarios, and many focused on the higher death estimate of 80,000
Read more »
SA 'in a good place' in Covid-19 fight, says Prof KarimProfessor Salim Abdool Karim says that while South Africa is 'in a good place' with the number of Covid-19 cases declining steadily, we must prepare for a second wave of infections.
Read more »
SA daily COVID-19 cases drop below 1,000, lowest in monthsSouth Africa is the hardest-hit in Africa, registering around half of the continent's more than 1.3 million coronavirus cases.
Read more »
COVID-19 in SA: 82 more people die from coronavirusThe total number of confirmed coronavirus related deaths in South Africa is 15,086.
Read more »
Parly praises Mkhize collaboration with WHO in tackling in COVID-19 in SADuring a press briefing earlier this week, WHO Health Emergencies Programme Director, Dr Mike Ryan, elaborated on South Africa's collaboration with the global health body.
Read more »
Tourism Minister reveals the 4 things domestic travellers want in a SA getaway“We believe with proper messaging and targeted marketing the domestic demand can reignite the sector and put the tourism industry on a growth trajectory and put our recovery on firm footing.' IOLTravel
Read more »