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The eagerly awaited MPC meeting in Pretoria surprised the markets today as the Governor announced a moderate increase of 50 bps to the countrys repo rate.
Old Mutual Asset Management UK man on the spot Quentin Smith reports that over the week the All-Share Index rose 4.1% helped by a 4.5% gain in the FTSE 100, with midcaps 2.8% and smaller companies the laggards, rising just 0.6%.
The producer price index (PPI) data for June was a shocker as was the case with the consumer inflation data (CPI) released the day before. Do investors have options?
The rand is currently at R7.05 (20.7) to the dollar, it was R8.25 in 2001, in 2003 it was R7.64, in 2004 it was at R5.94. It has broken its bull trend.
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?