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After a subdued start for the week the JSE Securities Exchange (-0.40%) closed marginally in the red yesterday.
Dave Tunnington, portfolio manager at Old Mutual SA reports.
Neels van Schaik at Alphen Asset Management, says that the crux is that business cycles do exist in all their glory, which has a profound impact on profitability, job creation and prosperity in general.
Not even the poor performance of the banking (-2.74%) and retail (-3.21%) indices could dampen the surging JSE Securities Exchange (+0.97%) yesterday.
As an adviser reading this article, which discipline do you find most important for retirement planning?