There was a plethora of results last week; some of the big ones include: Bidvest, Shoprite, Anheuser Busch InBev, Nedbank, Mondi, Barclays (or is that ABSA?). The CEO of Ascendis Healthcare, Karsten Wellner, resigns and the share bounces from below R10 per share (1st Feb) to above R14 (at close on Friday). Steinhoff imploded on Friday after the JSE suspended their Bonds and Preference shares, and emails surface that point to management collusion. And Donald Trump thinks it’s a good idea to impose increased import tariffs on exporting countries he doesn’t like.

 

A plethora of results & Steinhoff implodes

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