n Investment Analysts Journal - 102 Years of South African financial market history

Volume 2002, Issue 56
  • ISSN : 1029-3523
  • E-ISSN: 2077-0227
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Extracted from text ... Number 56 - Part 5 C Firer and M Staunton* 102 Years of South African financial market history *Respectively Graduate School of Business, University of Cape Town, Private Bag, Rondebosch 7701, Republic of South Africa and London Business School Email: cfirer@gsb.uct.ac.za and mstaunton@london.edu 1. Introduction An important aspect of research in investments is a study of the past. In order to answer questions dealing with the expected returns and risks from equity, bond and bill markets, to establish yardsticks for judging the worth of new projects and to understand what returns investors in shares and bonds may require, a ..

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