THE $12-billion Templeton Emerging Markets Fund is to invest a further $1-billion in the JSE over the next 15 months. The fund, which is weighted at about 10% towards South Africa, is on an acquistion drive, the Business Report said. Fund President, Mark Mobius, said he is “unbelievably bullish about South Africa.” He said from Hong Kong that South Africa is a “striking example of how an emerging market can withstand all sorts of political, social and economic unpheavals..and still come out shining.” He said he sees no reason why South Africa cannot account for 20% of the fund by the end of the year.