momentum investing
Quality Momentum on South African Stocks: Filtering Out Commodities
South Africa's stock exchange (JNB) is dominated by mining, energy, and commodity companies. Anglo American, BHP, Glencore, Sasol. These are large, liquid companies that define the JSE. They're also structurally leveraged: mining operations require heavy capex, and debt-to-equity ratios above 1.0 are common. Contents 1.
