Marc Hasenfuss Editor-at-large

The past 18 months have been tough for investors. Even the most wide-eyed small-cap punter would, by now, have developed a jaundiced outlook. The recent "bad let-downs" at respected blue-chip companies such as Aspen Pharmacare and Tongaat Hulett were just the kind of sentiment-souring episodes the JSE did not need. I reckon there’s more than a slim chance of more corporate shocks this year. Prolonged tough trading conditions might well have pressured incentivised executives into taking short-term decisions to prop up profits that might have disastrous longer-term implications. PODCAST: Understanding the vulnerability of the JSE. Subscribe: iono.fm | Spotify | Apple Podcasts | Pocket Cast | Player.fm In fact, it is strange to see so many large-cap counters, once market darlings, having a hard time convincing the market they are on the mend — stalwarts such as Mediclinic International, MTN, Brait, Tiger Brands, Woolworths, and Famous Brands.Perhaps the easiest thing to do this year is...

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