We are just weeks away from elections with many voters unsure who to vote for or if to vote at all.
Billions have been stolen, but even though the perpetrators are named in any number of reports and inquiries, none is yet to see the inside of a courtroom, never mind attend a fitting for an orange overall.by Pieter-Louis Myburgh, were torn up at a launch in Sandton on Tuesday. Magashule, the ANC’s secretary general, will now presumably take steps to make sure no ANC members were involved.
And you could find justification in that we are not alone: the IMF has downgraded its global growth projections. But if bad news seems to be crowding out any good news, local market indicators appear not to be taking notice. The rand slipped below the R14 to the dollar mark on Wednesday and remained below this level for the day, the 10-year RSA government bonds traded at 8.45% — yields not seen for more than three years — and the JSE all-share closed at 58 382, a seven-month high. In contrast, the latest business confidence figures came in at a seven-month low.
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MARKET WRAP: Retailers 3% jump leads JSE above 58,000 pointsLocal bourse closes at its best level since September as the rand pushes past the psychologically-important R14/$ level
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