The private healthcare company [LHC] that mostly operates in the local market has been underperforming on the JSE Top 40 for 3 years and the company’s share price is down 24% for the year. This is mostly as the result of difficult trading environment in the local market as well as the rights issue in the beginning of the year. At the end of 2016, the company concluded the acquisition of Alliance Medical Group in a R9.0 billion deal. I believe healthcare is a good industry for the future as the global population is growing and more people are getting much older. Life Healthcare pays out a solid dividend of over 5% dividend yield.
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Analyst and Securities Trader
Daniel is a full-time analyst and securities trader, and is responsible for equities research across industries. Although he grew up in a small town in the Klein Karoo, Daniel has always been interested in both locally and internationally traded companies. Daniel has been actively investing and trading on the JSE and other global exchanges since starting his Bcom Investments Degree at the University of Stellenbosch, which he completed in 2014. During his studies, Daniel worked as an intern at Kruger International in Johannesburg in 2015, gaining valuable experience from Hein and Mia Kruger. He is currently a CFA candidate.