Pos­si­bly a good year ahead

Finweek English Edition - - MARKETPLACE - Edi­to­rial@fin­week.co.za *The writer owns shares in Stein­hoff, Sho­prite, Metro­file, Wool­worths and Richemont.

An­other large-cap stock I am ex­pect­ing to have a good year is MTN. The Nige­rian prob­lems are re­solved, al­though the fine will still have to be paid off over the next few years. New management is in place or ar­riv­ing in the next few months and if oil can hold around $50, it will help the Nige­rian econ­omy (MTN’s largest mar­ket). Fur­ther, it is fi­nally get­ting blocked money out of Iran. So, there is a great deal of good news and the stock has al­ready been re­act­ing pos­i­tively. I ex­pect this to con­tinue into 2017. That said, I will not be buy­ing MTN for my long-term portfolio but may trade it dur­ing the year if the op­por­tu­nity presents it­self.

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