Thursday, April 10, 2008
South Africa: JSE Property Index Hit By Global Woes - AllAfrica.com
Nick WilsonJohannesburg
GLOBAL marketplace sufferings and local involvement and rising prices charge per unit uncertainness go on to stifle the listed place sector, with the South African listed place index recording a negative sum tax return of - 4 % last calendar month composes Dent Wilson.
Catalyst Place Fund Managers, which let goes of a monthly listed place report, said yesterday the public presentation of the sector had been "driven by the contagious disease consequence of weak planetary markets, as well as the continued uncertainness regarding rising prices and involvement charge per unit outlooks domestically".
These factors have got caused great volatility in listed place unit of measurement prices. Andre Stadler, mendelevium of Catalyst Fund Managers, said how long the volatility would go on depended on how "the macro instruction environment plays out". This volatility could impact corporate activity such as as projected mergers.
Labels: catalyst, fund managers, global market, inflation rate, nick wilson, property, property index, property managers, property sector, uncertainty, woes