Johannesburg, South Africa — April 20, 2026 Amidst the ongoing tensions following the Iran conflict, asset management firm Ninety One Plc has maintained a bullish stance on South African equities, identifying a potential buying opportunity amidst the global market volatility. Despite the JSE All Share Index’s 5% decline since the conflict’s onset, Ninety One notes that forward 12-month earnings have only decreased by approximately 4%, offering investors a “margin of safety.”.
The firm’s optimism is anchored in its positive outlook on sectors such as resources, financials, and global growth themes, which it believes have not fundamentally altered. Officials commented on the matter. South Africa’s economy, heavily reliant on commodities, has been susceptible to geopolitical tensions, which have also impacted the rand.
Despite these challenges, Ninety One sees value in tangible assets, such as mining stocks, which have experienced a 13% decline in the precious metals and mining sector. This perspective is echoed by other investors, such as Van Eck Associates, who have capitalized on the market sell-off by purchasing South African government bonds, reflecting a “buy the dip “sentiment. Following the brief ceasefire announced on April 8, 2026, between the United States and Iran, both the FTSE/JSE Africa Mining Index and the FTSE/JSE SA Banks Index saw a notable relief rally.
However, gains have since softened as tensions have resumed. Ninety One’s strategy is based on the belief that recent share price declines have been disproportionately steep compared to actual hits to corporate earnings, presenting a unique opportunity for investors.
The asset manager’s analysis is supported by multiple reputable sources, including Trading Economics, Business Insider Africa, Moneyweb, and Bloomberg. While direct quotes from Ninety One or detailed analysis of the firm’s investment strategy are not available, the consistency of the information across these sources suggests a high level of reliability.
As the Iran war continues to influence global markets, Ninety One’s perspective offers a contrasting view on the potential for investment in South African stocks.
The firm’s constructive outlook and the broader market sentiment indicate that while risks persist, there may be substantial opportunities for investors prepared to navigate the current market volatility.
*Additional reporting by ImNews | Sources consulted: 5*
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By This original article was produced by the ImNews editorial team
Source: Africa.businessinsider
Source: Ayodeji Adegboyega
