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The universe of stocks on the local bourse may be dwindling at a worrying rate, but the JSE Ltd is a well-run business that is providing rich yields for shareholders.

Older readers might remember the time, before the JSE was listed, when adventurous investment group PSG was determined to build a significant strategic stake. However, PSG was unable to overturn the ownership limitations on individual shareholdings (these remain in place still) and eventually walked away...

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