MARC HASENFUSS: Taking a nibble at the JSE
The holy grail of stocks is the one that pays rich dividends and offers capital growth. The JSE Ltd has got the former right — now it needs to work on the growth bit too
A few weeks ago I spotted legendary fund manager Dave Foord at a nearby table at Magica Roma. In the presence of greatness, I urged my fellow investment club members to please make only hushed accusations about who was responsible for depleting the lunch fund with costly bets on EOH, Aveng and Sasol.
Seeing Foord made me nostalgic about an easier time, when most of my measly savings were tucked away in Foord Compass Debentures — a fantastic investment vehicle that offered decent growth and a decent yield. Legislation unfortunately rendered Foord Compass less effective, and the vehicle was parked away from the public. ..
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