Cash is King

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.