South African Equities led the way in January while South African property gave back over 3% after two months of strong performance in the asset class. Although the rand weakened over the month, it was not enough for global asset classes to outperform the JSE. The local bourse was primarily driven by sharp gains in industrials with Naspers and Prosus, in particular, performing well, and a few select Basic Material stocks, Sasol and Sappi. Local bonds again offered reasonable performance despite yields rising in the developed world. The SA 10-year yield held steady at around 8.75% providing attractive real yields, particularly appealing to foreign investors in a low global yield environment.

Source: PortfolioMetrix

SA PROFILE PERFORMANCE