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Rough ride coming for South Africans

27 Jul 2011

South African investors must brace themselves in the next couple of months as markets remain volatile in Europe while slow economic growth in America and China remains slow. Rian le Roux, the chief economist at Old Mutual Investment Group South Africa told media representatives that negative perceptions still dominate equity and bond markets.

"South Africa may be favoured by some investors but the local market will continue to be driven by big swings for the rest of this year," he says.

He says that acute debt problems in Europe and the USA are causing most of the worry for local and international investors.

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