Credit Suisse Cuts South African Stocks Recommendation to `Underweight'

(Bloomberg) -- Investors should reduce holdings of
South African stocks because share prices have risen too high and
mining companies may suffer in an economic slowdown, according to
Credit Suisse Group.

South African shares were cut to an ``underweight''
recommendation, meaning investors should hold fewer of the stocks
than are represented in emerging-market indexes, Alexander Redman
wrote in a strategy note distributed today. The previous stance
was ``market weight.''


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