Strategy
4 Headwinds Preclude Positive Equities Stance;
Prefer Banks
Michael Wang, Jonathan Garner, Vinicius Silva
Economics
10 Burgeoning Fiscal Gap, Anaemic Consumer
Recovery
Michael Kafe, Andrea Masia
Sector
14 Consumer Staples: James Easterbrook, Eileen Khoo
AVI
BAT
Illovo Sugar
SABMiller
Tiger Brands
Tongaat Hulett
22 Financials: Louis Chetty, Magdalena Stoklosa
ABSA
FirstRand
Nedbank
Standard Bank
Diversified Financials Louis Chetty, Bart Gysens
ABIL
Investec
JSE
Liberty International
32 Industrials: Anthony De La Cour, Phihlelo Matjekana
Allied Electronics
Allied Technologies
Aveng
Barloworld
Eqstra
Group 5
Imperial Holdings
Murray & Roberts
Pretoria Portland Cement
Reunert
44 Media: Phihlelo Matjekana
Avusa
Caxton
Kagiso Media
Naspers
50 Metals & Mining: Albert Minassian, Ephrem Ravi
Platinum
African Rainbow Minerals
Anglo American
Anglo Platinum
Aquarius Platinum
Coal of Africa
Exxaro Resources
Implats
Kumba Iron Ore
Lonmin
64 Oil & Gas: Theepan Jothilingam
Sasol
68 Retail: Danie Pretorius
Food and Drug
General Retail
Foschini
Clicks Group
JD Group
Lewis Group
Massmart
Mr Price Group
Pick 'n Pay
Richemont
Shoprite
Spar
Truworths
Woolworths
84 Telecoms: Sean Gardiner
MTN
Telkom
Vodacom