Don’t blame the virus for short-sighted investing practice
SA investors’ addiction to equity has come at the price of growing unemployment and income inequality
Globally, stock markets are reported to have lost more than $13-trillion dollars over thepast month. SA was not spared. On March 12 and 13 the JSE dropped by 10%, the biggest single fall in the JSE since 1997.
The all share index (the largest 164 listed companies on the JSE, accounting for almost the entire market cap and liquidity of the market) has fallen by more than R2.3-trillion since February 17, and by R4-trillion since the beginning of the year, a loss of more than 30% of its value...