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The JSE Ltd — the financial services company that, among other specialist offerings, operates the local bourse — might just be worth stocking up on at this point in the local investment and economic cycle.

Last week it issued interim results to end-June, where the 26% decline in bottom line might be viewed as a realistic pronouncement on dour (and jittery) local investment sentiment. But as JSE CEO Leila Fourie remarked at the investment presentation, "South Africans are congenitally negative"...

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