`Now is a good time to buy stocks`

source: Mmegi

WANETSHA MOSINYI
STAFF WRITER

The local financial market is forecast to be rewarding in 2008, albeit less generously than the last two years because of the volatility in world markets, inflationary pressures and rising fuel prices.

Before some international investors could settle down after the festive season, a significant amount of their returns from last year had been eroded by market volatility.
But in its preview and outlook for 2008, Investec Asset Management says there is “no need for panic in the local market”.

Investec says the best insulation is to invest in stocks that are cheaper as people sell.
There are several stocks that still have solid fundamentals and respectable valuations, making now a time to buy rather than sell, the analysis notes.

Investec Fund Manager, Bakang Seretse, says the next few months should clarify things on [continue reading]



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