The JSE was strong yesterday (+1.1%) following on from a solid close to the week in the US on Friday. Pick ‘n Pay rose 1.9% after an indication that they will deliver stronger results for the 1st half of 2015. Shoprite was also higher in a broadly positive day. President Jacob Zuma announced yesterday that Lesetja Kganyago will be the new Reserve Bank Governor. The Rand was little changed on the news.