Investors, or at least the more realistic punters, are not banking on profit growth to drive the JSE this year.

That’s clear from the earnings multiples accorded to many of the JSE’s stalwarts, even those with decent long-term track records.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now