The Ewing Trust Quarterly News
The Johannesburg Stock Exchange ended strongly at 70475. This has been underpinned by a number of companies re-instituting dividends and declaring significantly better results than 2020.
Our Blue Chip South African-focused companies have performed satisfactorily and those with strong balance sheets and good cash flows have come to the fore in terms of investor focus.
The rand has shown significant gains on the strong back of favourable commodity prices and strong JSE returns have been encouraging.
Resources are particularly strong with mines experiencing a resurgence in demand as global growth and consumption return.
The JSE having been through a particularly volatile period with lows of 51684 being seen in October, ended the quarter on a positive note at 57091.
Economic activity in South Africa has slowly begun to return to some semblance of normality as businesses resumed production and lockdown regulations eased.