RISING DESPITE THE PRESSURE
Another property development company is coming to the JSE via the way of a private placement. Listing on AltX, Visual International plans to raise some R66m and should list with a market cap of around R90m. This makes it a micro cap and further feeds the property listing boom that has not slowed even as property stocks have been under pressure. l ower. This broadly fol l ows t he trend of resource stocks dropping out, especially gold stocks, with only AngloGold Ashanti left in the Top40 while the MidCap Index now includes Gold Fields, Harmony and Sibanye. *The writer owns shares in Clover and Standard Bank.