Fund managers shun banks, retailers | Fin24
  • Solly Moeng

    Give business owners a reason to stay in South Africa.

  • Pravin Gordhan

    The minister says SA is paying more for electricity because of theft at Medupi and Kusile.

  • Keep Flying the Flag

    The ANC says the state must keep a 'restructured' SAA as a national airline.


Fund managers shun banks, retailers

May 14 2010 12:34
Marc Ashton

Johannesburg - For the first time since taking charge of Investec's Value Fund in April 2000, leading fund manager John Biccard has removed any exposure to big four banking stocks and major retail groups.

"The outcome today for 'SA Incorporated' stocks needs to be very good to even come close to justifying the current ratings," said Biccard.

investing  |  fund managers


Read Fin24’s Comments Policy publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
1 comment
Comments have been closed for this article.

Company Snapshot

Voting Booth

How concerned are you about ransomware attacks?

Previous results · Suggest a vote