As South Africa seems these days to be practically ungovernable under the African National Congress. Some might say this is not so,but our electrcal system is failing, government run Denel (Weapons for mostly Export) has closed down. As has South African Airways and most passenger services on the railways. Rails ,copper and other infrastructure is stolen in broad daylight ! There gangs stealing coal etc from Escom. The State radio and TV is also on a slippery path!
What with the war in Ukraine and China in an expansionist mode worse things can occur such as disruption of trade etc.
The Rand continues to slowly decline ,so interest rates are climbing to offet this.
At this time it would be better to look at INDEX FUNDS as then the worry of single companies failing is limited by the group.
We are personally using Satrix companies at this time as they are well managed.
In our veiw only the better companies are:
SATRIX RESOURCES (STXRES)
SATRIX RAF (STXRAF)
These are usually under valued funds.
SATRIX MOMENTUM (STXMTM)
UPDATE 14/3/2023 :- Stocks are expected to stage a mini-run now up to the end of May 2023 as a result of prices dropping too far in South Africa ! Fundementally nothing has changed so profits can possibly be made. Not a good idea to get deeply involved. Fuel StocksSUCH AS SASOL LOCALLY OR OVERSEAS such as Mobil,Shell ,Total might be worth a punt in warrants etc. ONLY OUR OPINION . TOWARDS THE END OF ANY RUN ,REMEMBER TO TAKE PROFITS!
