A London Stock Exchange sign sits on glass in the atrium of the London Stock Exchange Group Plc's offices in London, U.K., on Friday, Oct. 14, 2016. The FTSE 100 Index climbed 0.6 percent at 8:44 a.m. in London, after posting its biggest three-day slide in a month. Photographer: Luke MacGregor/Bloomberg
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WORLDVIEW: Strong biltong flavour in FTSE’s top shares of 2016
South African related companies delivered three of the FTSE 100’s top four performers and four of its top 10. In a year when so much went wrong at home, that’s surely worth celebrating.
By Alec Hogg
Warren Buffett warns us to be sceptical about time periods covered by performance tables. He points out the starting date can make a huge difference. My friend Piet Viljoen, another rational being whose views are among the most forthright of any money manager, reckons any performance table that doesn't account for a full cycle (5 to 8 years) is worthless.
But even those disclaimers can't spoil our story. Because the timing of the last particular calendar year conspired to make 2016 an amazing one for most of the eight South African-related companies in the London stock market's top index.
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