Software plays in SA have been getting crushed with rand weakness and higher rates making capex budgets tig…by @jse_tttrading on $SEP

Software plays in SA have been getting crushed with rand weakness and higher rates making capex budgets tighter. SEP at R1.75 is cheap but the question is whether corporates are actually spending on enterprise software right now or just cutting costs. Long-term view hasn't changed, these names will bounce when the cycle turns, but macro is pretty grim for the next couple quarters.