The latest provincial barometers show that economic recovery has been strongest in the Eastern Cape, the Free State and the Western Cape.
After the recent sell-off in interest rate-sensitive shares on the JSE, the share prices of retailers and, to a lesser extent, banks, now represent good value on a forward earnings basis. In the past month, the equity market sell-off has hit these sectors particularly hard, with some stocks more than 20% off previous highs.