Marc Hasenfuss Editor-at-large

It’s always fun reminiscing about days gone by on the JSE, and I enjoyed penning the feature on the Class of 1987 listings (see page 14). Just a few months into my first job at Business Day — where I covered the automotive and transport beat — I already considered myself a bit of an expert in share-picking.

So just before I was shanghaied into two years of national service in the navy, I urged my mother to drop a good portion of her life savings into a sure-fire winner called Spareco. With a burgeoning taxi sector and an ageing car pool, I was convinced Spareco would be a reliable engine for earnings generation. Imagine my horror when a few weeks into basic training I chanced upon an Afrikaans newspaper’s business section, emblazoned with a headline that Spareco’s engine had seized up.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.