Looking ahead to 2026, could South African equities be positioned for a breakthrough? Some analysts are betting on it. The narrative centers on emerging markets catching a tailwind, with South Africa standing out thanks to compelling valuations and robust earnings momentum. While developed markets grab headlines, opportunities in undervalued territories might offer asymmetric upside. For traders eyeing diversification beyond crypto, traditional equity markets with strong profit trajectories could be worth monitoring. The key question: will macroeconomic headwinds or fundamental strength win out?