The credo of those who trade on stock markets right now is “sell, sell, sell!” The trend as we stand is to move from equity to cash. The All-Share index is 9% down this week. South Africa – of all the emerging markets on planet Earth – is doing well, let’s see if that holds. Banks are trading at 2008 levels, yikes! Capitec came out with a strong message for shareholders. On the surface, some property shares are showing a 40% yield, but the fine print needs a sharp eye. There’s a difference between panic and capitulating – Anthea explains. Big up to the blue bank of South Africa… students and SMEs will be grateful for the next 90 days.
