Analyst predicts bear market for festive period
Friday, December 04, 2015
In an interview with BusinessWeek, researcher Tlotlo Ramalepa said the reason for the downtrend was because the blue chips would be heading for their year-ends and half-year end periods.
Blue chips are stocks in a company with a national reputation for quality, reliability, and the ability to operate profitably in good and bad times.
While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...