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After almost 5 decades of trading on Johannesburg’s stock exchange, South African construction company Group Five was yesterday put into business rescue, with its stock being suspended after it filed for bankruptcy protection. With shares priced at R45 each five years ago, the company says it is likely that the listed Group Five shares are now worthless.
A 60/40 allocation to equities and bonds is no longer likely to be enough to offer investors the outcomes and diversification required to reach their long-term objectives – alternative investments are increasingly critical to the investor’s portfolio.
The strongest deterrent against FSP compliance missteps is or should be: