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October 26, 2008
Crisis to hurt black interests
Black investors have the opportunity to acquire good assets on the JSE - if they can find willing funders and executives who are not sufficiently distracted by the shrinking credit and slowing global economy.
"It may well be a stock-pickers market out there. There is no knowing whether the markets have bottomed out yet but I would suggest it is about the right time for BEE entities to buy fairly cheap into good, listed companies," says Andile Tlhoaele, the new chairperson of the Association of BEE Verification Agencies (Abva).
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Posted by StaffWriter at October 26, 2008 7:36 AM