South african stocks to buy
This column is part of our Best Stocks for contest. Investors have pretty well forgotten about emerging markets over the past three years. Nor do more exotic non-BRIC locales such as South Africa.
3 South African Gold Stocks to Buy - TheStreet
Per capita GDP has more than doubled in the past decade, and according to Deloitteseven of the 10 fastest-growing countries in the world are in Africa. Africa has harsh geography, which makes building infrastructure very difficult and very expensive. But mobile technology allows large parts of Africa to essentially leapfrog over legacy technology infrastructure — such as copper phone wires — and into the modern world. This is showing up in some interesting places.
For example, mobile phones are giving millions of working and middle-class consumers access to basic banking services for the first time. For a part of the world that has been more or less in isolation since the dawn of time, this is a game-changer.
By now you might have guessed that my recommendation is an African telecom stock. So with no further ado, here it is: South African telecom giant MTN Group MTNOY. MTN Group is headquartered in South Africa, but it has more than million customers spanning 22 countries across Africa and the Middle East. Roughly a quarter of its subscribers are from Nigeria alone.
Although most Americans have never heard of MTNOY, its brand has cachet in large swaths of the developing world. Revenues and earnings are up by more than a third sincea period in which growth has been hard to come by in most markets. Exchange rates can skew ADR payouts. Well, first I should state the obvious. This is a company that is constantly exposed to macro risk.
‘Must-have’ stocks for - Moneyweb
There could be short-term bumps, but overall, MTNOY should be able to pretend buying stocks whatever unexpected surprises come its way. And its willingness to jump into markets that would give most executives heartburn gives it a first-mover advantage in the countries with the fastest potential growth rates.
But this is the beauty of operating how to get loads of money on simpsons tapped out growing, non-saturated markets.
Hundreds of millions of Africans have yet to buy mobile south african stocks to buy … let alone smartphones. A rising tide lifts all boats. And I expect enough of that to come this year to put me well on my way toward a strong Best Stocks for outing.
BUY THESE THREE STOCKS IF YOU LOVE LARGE DIVIDENDS / MyMoney Online
The rise of Africa is real. And MTN Group gives us direct access to the new middle-class African consumer. Charles Lewis Sizemore, CFA, is the chief investment officer of the investment firm Sizemore Capital Management and the editor of Macro Trend Investor.
As of this writing, he was long MTNOY in his Macro Trend Investor portfolio and personal accounts.
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