The Top40 had the worst week in four years last week as a perfect storm formed: Fitch downgraded SA inc. to BBB-, the Rand traded down to 14.37 vs US Dollar and 15.61 against the Euro.The average wage is R16,796 vs the record low of R6,742 in 2005; while productivity has fallen to its lowest level in 46yrs to R4,924 a year per worker. Steinhoff is being investigated for tax fraud and AB Inbev are being sued by 23 beer drinkers.

Anthea Gardner – The Money Shot 07.12.15

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