Were this to happen, SA stocks would probably suffer. Economists say any disturbances in the growth of the US economy will have repercussions for emerging markets, lowering expectations. An increase in US rates could neutralise the decline in the developing world. The US might increase its rates to reduce domestic demand and improve its current account, which is in its weakest position in decades. Prospects for SA and other emerging markets look good as most of their economies are commodity driven.
Most managers are bullish about commodity prices.