Mr Market has already targeted the share prices of electric car makers like Tesla (down 10% in the past month). But the unintended consequences are yet to register on the price of platinum and palladium producers.
The real time to start to worry about SA equities will be when the Government starts attracting foreign participants. But as there is little risk of that happening anytime soon, shareholders in JSE-listings can sleep easy.
A year ago Apple did not feature as one of Berkshire’s 15 biggest shares, today it’s the second biggest, behind Wells Fargo. Apple is also one of the top three holdings in the Biznews Global Portfolio.
In capital intensive projects the initiators often go bust. That generates a superior return by the brave buyers who come in next, picking up assets for cents in the dollar. That’s what Blue Label is getting with Cell C.