Episode
#93 South African value is priced like a distress sale, and the bond market disagrees
- Published
- Jul 13, 2026
- Duration seconds
- 1400
- Processing state
not_requested
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Summary
John Biccard argues that South African equities have become disconnected from the country's own improving bond market. He points to retail names trading at deep discounts to intrinsic value, a first move into global technology after a brutal software sell-off, and a patient multi-year bet on a spirits recovery. In short: buy what's hated, hold through the discomfort, and let the turning point do the work. Hosted on Acast. See acast.com/privacy for more information.