The Johannesburg Stock Exchange (JSE) all share index dropped by 4.85% to 72,685 points from last week Wednesday. The JSE all share index is a number of all listed companies on the Johannesburg Stock Exchange. I am leaving out all the other complexities of whether it is a correct way or not. Some argue that this due to what is happening between Ukraine and Russia.
Let’s assume that you have R 72,68 (JSE All Share Index) today and you are told that your money has lost value by 4.85%. It will mean that you have lost R3,52 in seven days. On Wednesday morning you will only have R69,15. You might be exposed to this loss if you have pension fund, retirement, retirement annuity or unit trust. Mainly because most of the fund managers and investment companies buys the same shares which are listed on the stock exchange on your behalf.
Should you care? I do not know!
Economics and Finance SA 