EDITOR’S NOTE: Caxton’s mind-boggling value proposition
The redoubtable print and packaging operations churn millions of rands in cash flow
29 September 2022 - 08:00
With the fourth quarter upon us, the JSE is not looking in the finest fettle. At the time of writing I make the all share index down about 10%, which, with the weakening of the rand to the dollar, won’t have investors feeling too chipper.
Year to date Naspers is down about 5%, AB InBev down almost 12%, Anglo American off 13% and Richemont down 20%. Banks, on the other hand, have found some traction — especially Nedbank and Absa — while British American Tobacco, with its healthy dividend habit, is the one big-cap bright spot with a 19% gain...
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