By Prieur du Plessis, on April 18th, 2008 posted in: South Africa Leave your comment

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By Shaun le Roux

There is overwhelming consensus among local fund managers that the domestic financials, particularly banks, are cheap. They are almost certainly right, but may have to be patient before their overweight position pays off.

In global financial markets, financials have borne the brunt of the turmoil in equities. [...]