Interest rates are up 100 basis points since May 2015. Since the start of May 2015 the JSE has dropped from its all-time highs around 54,640 points to its current 49,852 points.
Clearly investors are spooked - the markets are showing it.
But instead of reacting to interest rate increases like a mindless Zombie you should rather look at what they mean for investments…
And today I'd like ... ››› more
In September 2014 I warned investors against Highveld Steel, I told them I expected the company to go bust.
Back then Highveld Steel shares traded at 555c, down from an all-time high of R188.75 a share!
Then on 14 April 2015 the company announced it would go into business rescue proceedings.
At the same time I told investors to watch out for Firestone Energy.
And since then Firestone's... ››› more
In October 2014 I warned investors reading my MoneyMorning column against investing in three specific JSE listed penny stocks.
Of those three Evraz Highveld Steel lost 66% of its value, you'd be lucky to sell the shares in Chempsec if you hold any.
And Firestone Energy is nearing bankruptcy…
It's closer than ever to close its doors. And still I get investors asking me whether they shou... ››› more
EHSV is an iron ore, steel and vanadium slag producer. The company has a listing on the Johannesburg Stock Exchange…
Full name: EVRAZ Highveld Steel and Vanadium Limited
Short name: EHSV
Sector: Basic resources – industrial metals & mining
Five top facts about EHSV
EHSV employs around 2,300 people across its operations.
EHSV has a listing on th... ››› more
A recent survey of on international stock exchange, the ASX, found that as much as a third of the 2,100 companies listed there are at risk of financial catastrophe.
In fact, 58% of the bottom 500 companies on the ASX published warnings they could go bust within 12 months.
But surely this isn't the case in South Africa, is it?
Well if that’s what you thought, you’re sadly mistaken my fr... ››› more
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