The bottom line for fund investors

in the shadow of weak economic growth during the past five years, many South African investors have become pretty fed up with being told that we ought to be grateful for a scenario that isn’t as bad as it’s often made out to be.

Finance minister Tito Mboweni’s good work notwithstanding, the negatives are well-documented. This includes reported high-level corruption, higher fiscal deficits and a precarious government debt profile. Approximately R70bn in foreign investment funds