A note on equity returns for South African investors
Loading...
Date
Authors
Mare, Eben
Journal Title
Journal ISSN
Volume Title
Publisher
Academy of Science of South Africa
Abstract
On a historical basis, South African equity markets have outperformed inflation significantly. Using returns from the
2016 version of the Credit Suisse Global Investment Sourcebook1, I observe that over the period 1900 to 2015,
the annualised real return (i.e. returns adjusted for inflation) for South African equities was 7.3% compared to 1.8%
for bonds and 1.0% for shorter-term bills. I compare these returns with US annual real returns of 6.4% for equities,
2.0% for bonds, and 0.8% for bills over the same period.
Description
Keywords
Equities, Earnings, Volatility, Risk, Real return, Risk adjusted returns, South African investors
Sustainable Development Goals
Citation
Maré E. A note on equity returns
for South African investors.
South African Journal of Science 2018;114(7/8), Art.
#a0276, 2 pages. http://dx.DOI.org/ 10.17159/sajs.2018/a0276.