Trade of the Month: Which bank to bank on
Hint: it’s not Absa
27 July 2023 - 08:00
At the beginning of 2023, if you had bought the five big banks with an equal weighting, you would be down 3.1% now. This excludes dividends, though they wouldn’t have been nearly enough to save the day.
Over the same period, the JSE top 40 has returned only 2%, so there really haven’t been too many ways to make money in the local market...
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