JSE was up 36bps on Friday, despite global markets falling on the back of US non-farm payrolls number disappointing (151,000 jobs were created vs expected 190,000) Nene resigned in December, but it was only made official on Friday evening. African Bank is given B+ status (four notches below junk status), but they have R10.5bn in non-performing loans on their books. Stay away from ponzi scheme MMM.

 

Anthea Gardner – The Money Shot 08.02.16

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