Marc Hasenfuss Editor-at-large

With SA Inc stocks likely to disappoint this year as the local economy hobbles along, "expensive" stocks like luxury brands conglomerate Richemont will undoubtedly come into sharper focus.

On a trailing and forward earnings multiple basis, Richemont is in the premier league, and a far cry from the mid-single-digit multiples accorded to even the more resilient local businesses. Let it be said, Richemont’s third-quarter trading update was rock-solid.

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