The local market closed flat to negative, which was pretty much the picture across the globe. The Foschini Group are venturing into Australia, announcing that they bought Retail Apparel Group for AUD302.5m. Steinhoff announced they’re buying a majority stake in Sherwood Bedding. TigerBrands reported results and Massmart put out a trading update – an indicator of how the economy is going (or not going). Edcon and Net1UPS are both getting new CEOs. On Thursday a share (RFG) was added to our #Invest portfolios and since then it’s up 7%.

 

Anthea Gardner – The Money Shot 29.5.17

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