The market was down ¾ of a percent (but at least it was still higher for the week by 80bps). The biggest story of the day was the Rand which completely buckled after a story came out that two senior NEC members have spoken to Bloomberg anonymously saying that President Jacob Zuma will fire ministers that opposed him in 2016 – weak Rand = higher inflation, credit ratings downgrade and subsequent higher cost of borrowing money (and maybe even default on debt and recession). Liberty Holdings put out a trading update saying that earnings per share would be between 40-60% lower, the share fell over 10%. Comair, which is partly owned by Bidvest, released a voluntary statement saying that the increase in earnings per share was mainly due to the stronger Rand. The US GDP was weaker than expected at 1.9% (exp 2.2%), although they’ve had a fairly good earnings season.

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Last week the JSE lost 0.6%, but at least we’re still 3.8% higher since the beginning of the year. Anthea tells us that Graff diamond jewellers made Euro580m in sales, of which 40% was to 20 individuals. Chinese economic growth came in at 6.8% year on year for Q4, with services now contributing 52%.

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The markets are having a super run, and retailers ended the week on fire after the Truworths trading update. Anthea also discusses the ins and outs of the ABSA Apartheid-era bailout and the Moody’s fine of $846m.

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The JSE started the year off slowly, with not a single $1bn trading day, but at least we were up 0.4% for the first week. Mostly markets are being driven by macro data and PEOTUS tweets, Toyota being the latest victim. Disney has just been upgraded by one of the big banks, but speculation is still rife as to who will replace Bob Iger as CEO.

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#Invest has kicked off the first month with excellent returns by holding shares like financials, The Foschini Group and Sun International. Value detractors included Sibanye Gold and Naspers, which Anthea is confident will bounce again. We review the year and 2017 to produce some good returns.

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Sibanye Gold buys Stillwater, Naspers is a ‘Jingle Bells’ trade, but we’re staying away from Taste Holdings for now. Anthea also explains why you can’t time the market.

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The markets are in turmoil at the moment, and the All Share index is also suffering. At least SA got some respite by Standard & Poor’s not downgrading the sovereign rating on Friday. However, this year, foreigners have been net sellers of bonds to the value of $8bn. Italian banks are the biggest issue as Renzi loses the referendum and resigns.

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No downgrade from Fitch and Moody’s sees the Rand trading much stronger this morning. Richemont is under pressure and Tsogo is expanding to the UK. Black Friday sales in the US were disappointing as online sales increase, and eBay introduces ‘Mobile Wednesday’.

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#Invest has finally launched! The SA market is slightly higher despite global markets being lower. We discuss the proposed minimum wage of R3,500pm (R2,652 for domestic workers). Murray and Roberts is getting a settlement from the Gauteng government, and Investec is buying dollars.

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The Rand was only one of many Emerging Market currencies that took a beating last week, falling almost 9% in three days. However, not even the weaker Rand could protect our predominantly Rand Hedge stocks as selling was indiscriminate, and the stock market came off over 2% on Friday. Vulnerable companies took the brunt of the sell-off as Mr Price fell 7% in one day, and The Foschini Group came under pressure after releasing results that evidenced tighter credit extension regulation.

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