Ninety One Plc says the flare‑up between Iran and its adversaries is squeezing global markets, but it sees that squeeze as a buying window in South Africa. The fund’s analysts argue that the war’s shock has knocked South African equities below the level justified by earnings forecasts.

Market watchers note that volatility often depresses valuations, creating gaps between price and intrinsic value. Ninety One’s view hinges on the expectation that supply constraints and political risk will taper as the conflict stabilises, while underlying business fundamentals remain solid. Investors could capture upside if the market corrects before the crisis eases.

The fund’s stance signals confidence in South Africa’s resilience amid geopolitical tension. By flagging lower prices as a buying opportunity, Ninety One positions itself to benefit from a potential rebound once market sentiment normalises. This approach reflects a broader strategy of capitalising on temporary mispricings caused by global shocks.

For investors eyeing emerging markets, the war‑driven dip offers a tactical entry point that could yield gains if the underlying economy sustains growth. Ninety One’s assessment underscores the importance of timing and risk assessment in navigating markets pushed by external shocks.