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Junior miner, DRDGold (+9.70%) led the surge, while resource giant, BHP Billiton (+2.80%) contributed largely to the rally in the resource index (+1.53%) yesterday.
According to the Efficient Group, mining outfit, Anglo American (+4.00%) stormed into positive ground. Retail group, Massmart (+5.80%) advanced to R44.00, a frontrunner for the positive performance of the retail (+1.06%) index.
The Efficient Group reports that investors started to appreciate the better results released on Wednesday by Edcon (+2.86%) after its price initially dropped in the middle of the week.
Most bond portfolios currently hold long-dated bonds, but Herman Steyn and Guy Toms, managers of the Nedcor Retail Investments Nedbank Bond Fund, believe fixed rate bonds are rich and that there is instead “value” in inflation-linked long bonds as an alte
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