Price performance

 

Rand slides on US inflation fears

The rand weakened overnight as a result of better than expect US Jobs numbers and wage growth released Friday, sparking fears of higher than expected US interest rate increases during 2018.

The US stock market lost 2.5% as investors cashed out to hold USD in anticipation of a Fed hike in March. The GBP/ZAR continues to flirt with the 17/£ level as a false break to 17.10/£ on Friday was given back on speculation over Zuma’s demise.
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Steinhoff implosion staggers SA

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The collapse of Steinhoff International’s share price this week, following allegations of accounting fraud, is being described as the biggest corporate failure on the JSE so far, but it may just be the tip of the iceberg. On Thursday afternoon, Finance Minister Malusi Gigaba said he supported a decision by the Financial Services Board (FSB)..
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Why ‘winter is coming’ for overvalued growth stocks

The immediate prospects of any investment are as uncertain as those of any of the popular television series, Game of Thrones, characters but there is no doubt that, as their valuations rise, even stable businesses can become dangerous to own. The battle continues to rage. It maybe not be as gory as Game of Thrones..
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