Morning note

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.

Posted in Morning note

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