Anchor, the investment group founded by Peter Armitage, says the JSE is well positioned to continue benefiting from an upturn in global economic growth and may add another 25% in rand-denominated returns over the next 12 months as a worldwide, post-pandemic recovery spurs consumer demand.

The Johannesburg-based firm expects to see a cyclical recovery in domestic banking, retail, property, and insurance stocks, and says the dominance of Naspers and Prosus, which together account for more than 21% of the JSE all share, provides the local bourse with defensive characteristics due to the significant revenue they earn offshore...

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