Investors might by now be blasé about the discounts offered on most of the JSE’s investment trust-type counters.

In previous years it would be odd to see discounts of between 55% and 70% placed on investment companies with decent assets and reputable management. These days the market is wary not only of investment companies carrying sizable debt, but also portfolios that are haphazard and unfocused as well as seemingly unable to unlock value...

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 articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now