Local bonds traded stronger on the back of a stronger Rand – which leaves us in an interesting position as we look to cut rates and the US looks to raise interest rates. A bloodbath start to the week with an equity market correction so many have been waiting for. VIX, the Volatility Index – also known as the fear index – hit a high of 50 (it normally trades around low/mid teens). Oil was down over 3% on Wednesday when oil production numbers got released. Christo Wiese has sold most of his holding in Steinhoff and now owns a mere 6.5%. Investec has a new CEO – or two! Hendrik du Toit and Fani Titi. Is this what is meant by BEE? And Disney reported a spectacular set of results.
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