RIS­ING DE­SPITE THE PRES­SURE

Finweek English Edition - - INVESTMENT -

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.

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.