Market News

Herewith the latest market information:

Prime: 10.25%
Gold: 1 250.70 (-4.35)
Brent Crude: 62.90 (+0.63)
Dow Jones: 24 329.00 (+0.49%)
JSE Alsi: 58 012.00 (+0.01%)
ZAR/US$: 13.60 (+0.07)
ZAR/Euro: 15.98 (+0.15)
ZAR/GBP: 18.23 (+0.12)

Market moving events: The Steinhoff saga overshadowed good economic data last week and our market ended the week flat. The Rand continued to stengthen and economic growth surprised on the upside.

The US market ended the week with a healthy increase. The job numbers for November indicated the lowest unemployment rate (4.1%) since 2001!

Positive Pointer: Minister Jeff Radebe announced yesterday that the Post Office and Sassa had reached agreement on a new grants payment system in SA.

Have a great start to the week.

Kind Regards,

Gary Bartlett
082 887 4294
www.qfg.co.za

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