Reforms rejuvenate South Africa and South Korea

As developed economies navigate growth issues and compressed valuations, reforms in developing countries have unlocked potential value for investors. Markets that once lagged have benefitted from greater competitiveness and transparency, notably South Africa and South Korea. South Africa looks set for greater GDP growth in the future, thanks to falling inflation and interest rates, and valuations are looking attractive. A more business-friendly government has promised to tackle corruption and boost infrastructure, laying the foundations for economic growth and improving investor confidence....