The JSE's performance has stacked up well relative to global counterparts this month, suggesting that 2017 might mark a turning point for the local market, which has struggled to gain traction the past two years. The All Share index gained up to 5%, adding about R400-billion since the start of the year to the market capitalisation of Africa's biggest stock exchange. "At the moment I think that the reaction has been due to a combination of looking back at the year that was and looking forward to what people perceive will happen this year," said Caroline Cremen, portfolio manager at Adviceworx, a member of Old Mutual Group. "When we look back, we see a bizarre year where multiple unexpected events occurred locally and internationally, and investors see that the world did not go to pieces." Sentiment took a severe knock last year when the National Prosecuting Authority laid fraud charges against Finance Minister Pravin Gordhan, which were later withdrawn. The drought pushed up food inf...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.