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Marriott to be absorbed into Old Mutual Properties, and will have assets in excess of R32bn, although Marriott Bank and the Durban head office are not part of the deal, and these remain within the Marriott Holdings business.
The JSE managed a second consecutive gain (0.59%) yesterday as retailers and mid cap stocks kept gains to a minimum.
Then the US put its players on the field with disappointing PPI data, disrupting the JSE rhythm and ended the game with a loss of 0.62%.
Anglo American slid 1.90% followed by AngloPlat (-1.64%) while SABMiller (-0.71%) ignored the parties of the weekend. The rand gained some ground against the dollar and pound while the euro moved forward against the rand and dollar.
Would you willingly give up your medical scheme membership under a fully implemented NHI?