There is the possibility that some of South Africa’s locally-listed shares may experience come effect or have some exposure to Russia’s invasion of Ukraine, say economists at Momentum Investments.
“Based on our view of the market these include, but are not limited to, well-known shares such as Prosus, British American Tobacco, Mondi, Barloworld and Richemont,” the group said in a research note on Friday .
Momentum said there are also some potential tailwinds and benefits to the crisis, as it relates to resource share listed on the JSE. “It is further possible that diversified miners are likely to gain, as Russia has potentially triggered a faster energy transition towards green energy. This includes the use of battery power and other clean energy that is dependent on copper, aluminium, palladium and a range of industrial metal, thereby increasing demand and company earnings.
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