The South African rand now rests quite comfortably above the R14.00 mark against the US dollar and has been trading at around R14.20 over the past week. Bloomberg has collated over twenty economists’ views on South Africa’s growth outlook for quarter 3 who’ve actually revised their figures to 0.6% from the initially set 0.5%. The Bank of Japan surprises everyone by rolling out an unlimited bond buying policy at agreed fixed rates to counter soaring yields we’ve recently seen. Dis-Chem Pharmacies lists on the JSE today, 18/11/2016, with prices expected to open at around R20.00 per share. Private individual investors were extremely disappointed with the prelisting allocation arrangements of Dis-Chem shares, as all prelisting shares were rather allocated offshore or to local institutional investors. All successful prelisting applicants got an average price of R18.50 per Dis-Chem share.
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