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Announcing the launch of the S&P500 Digital Plus ESP and the full subscription for the Asia Pacific Basket Limited.
We recently pointed out that, since January last year, the JSE has risen a superlative 38.7% to a near all-time high, despite a tottering global economy. What we didn’t say was that two-thirds of this remarkable return is explained by just three stocks – Richemont, Naspers and SABMiller – which contributed a staggering 25.0% of the 38.7% return. This creates a real quandary for investors.
South Africa’s listed property sector soared 5% during the week ending 13 September 2013, significantly outperforming both the equity and bond markets. The sector rallied in response to a stronger Rand and lower bond yields, both globally and in South Africa. Among the heavyweights, Capital, Hyprop, Redefine and Resilient gained more than 6% last week.
In 1996, a litre of unleaded petrol cost you R1.74. Around the same time, a standard movie ticket – which now sells for over R50 – would have cost you less than R15. Getting down to basics, a loaf of sliced white bread costs you twice as much today as it would have a decade ago….
The strongest deterrent against FSP compliance missteps is or should be: