‘Meme stock’ mystery. Walls closing in on Zuck. Russian’s Cape underworld connections. Latest Commonwealth Games SA medals. Beyoncé backlash.
If enough people come together, as they do on the r/WallStreetBets subreddit, they can cause serious movement in the stock market.
If you’re thinking it’s Amazon, Apple, or Microsoft, think again, with a $10 000 investment back in 1995 now worth a staggering $35 million.
Whilst some companies have seen their stock rise over the last (almost) five months, others have taken knocks that will be felt for many years to come.
Experts agree that the poor state of the JSE can be traced back to China and America’s trade war, with August looking like a particularly bad month.
Naspers, the largest company in Africa in terms of value, didn’t have a great Wednesday. At one point, the share price had dropped 10%.
Shares prices for one-time construction giant Aveng have dropped to an all-time low, and it looks less likely that anyone will be able to get them out of this fix.
German-founded Aton might have started off in the healthcare business, but their brazen attempt in acquiring local construction company Murray & Roberts is under the spotlight.