Since the CML sens announcement had the following to say:
It is also our expectation that the markets will deliver lower returns in the future.
What are your thoughts on the long term performance for the JSE? We know it's had a great run since the crash in 2008, and surely that can't be sustainable. But going forward five or ten years, where would you put the annual average rate of return? 5%? 15%? My gut says somewhere in the upper reaches of that scale, even though we've well outperformed it in the last 12 months.
If the NDP gets implemented we could be better. Hell the current government could even be voted out and we could see real growth, but on the flipside we could be in for some more corruption, nepotism and bad governance for a few years to come.
