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The strengthening ZAR was not a great help. Commodities closed mixed, both gold and platinum closed marginally lower while oil surged higher (2.99%) on fears that Hurricane Katrina would threaten production further.
MTN (-2.84%) and Telkom (1.57%) were punished on the back of the news that Vodacom slashed some of their tariffs.
After the preceding declining days, the bulls returned with a vengeance. BHP Billiton (1.85%), Kumba (1.36%) and Harmony (1.38%) made the most of the day.
After releasing positive results Standard Bank dropped 2.90% and the rest of the banks (FirstRand -2.67%, Nedbank -1.46%, RMB Holdings -3.31% and Investec -2.25%) following suite.
As an adviser reading this article, which discipline do you find most important for retirement planning?