THE GHOST TRAIN
THE FINANCE GHOST: Big lessons from small tech
Capital Appreciation and PBT Group have had a stellar pandemic, and a far better 2022, than their global peers. Why? They were simply too cheap
Right here on the JSE you’ll find a couple of technology companies that are growing in the same verticals that get people excited in the US: big data, payments, software and cloud. There are a few local companies that are getting a slice of this action.
The US tech sector had the rollercoaster ride of a lifetime over the pandemic, with many shares doubling and tripling in value (or more) and then giving up most of the gains in 2022. There’s no force stronger than macroeconomics, with share prices moving dramatically in response to prevailing interest rates...
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