FIFI PETERS: The year 2022 has been a bruising one for equity markets, both locally and offshore. For a perspective on how tough the year has been and where the opportunities in the market still lie, I’m joined by Clyde Rossouw, the co-head of quality at Ninety One.
I think it’s important for investors to remember that good businesses will still be able to grow, even in the current environment. I think, again, within technology it’s important to differentiate between companies that are losing money but have the promise of a better future somewhere down the line. Investors are not prepared to fund those companies anymore. So [with] the likes of Twitter with marginal profitability, a lot of stocks out there that have those kind of characteristics, the market doesn’t have the same patience this year as it had then. It’s a technology business.
CLYDE ROSSOUW: That’s a good question because, if you look at South Africa, South Africa is sort of under-endowed with structural growth stories at the moment. At least when you look at the international environment, there are a lot of sectors that [are benefiting from a] tailwind. And then there are businesses that also benefit from climate change. So we’ve got a software services business called Autodesk that actually leads innovation with computer design in creating blueprints for buildings which are far more energy efficient.
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
THE FINANCE GHOST: The JSE’s capital conundrumThe JSE's turned into the place you don't go to raise capital - but two recent cash calls show that investors are ravenous for good assets, writes FinanceGhost.
Source: FinancialMail - 🏆 20. / 63 Read more »