EDITORIAL: How Naspers’s China problem has become a headache for SA investors
Africa’s most valuable company has taken a knock from the Chinese authorities’ crackdown on technology companies
30 July 2021 - 05:10
Reading the direction of stock markets in the past 16 months has not been for the faint-hearted. The irony is that the biggest winners are probably not the smart people who tried to anticipate every twist and turn, but those who stayed put.
Investors who kept their nerve while the JSE slumped about 34% in the space of a month to a seven-year low as the country approached its first hard lockdown in March 2020 have been rewarded with an 18% gain. Even better if they added to their holdings as the losses accelerated. From its lows then, the local index is up more than 80%. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
This article is free to read if you sign up or sign in.
If you have already registered or subscribed, please sign in to continue.
Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.