The market suffered last week under a stronger than expected Rand and a weak Naspers, despite a good set of results. Private Sector Credit extension was weaker than expected at 5.4% year on year. US consumer confidence hit an all-time high as the S&P500 index hit record highs. In company news – FirstRand’s Laurie Diepenaar steps down to make way for Jardine, Advtech has voluntarily disclosed a fraud at top management, and Bidvest confirms the sale of Comair.

 

Market suffers under strong Rand & US Consumer Confidence hits all-time high

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