Anthea Gardner - The Money Shot 11.04.16
A good day on the exchange on Friday as almost all equity indices and the Rand showed signs of strength. Rand reached 15.01 after Treasury issued a 10yr maturity Dollar bond, which was 2x oversubscribed at 4.875%. Illovo sugar was up over 15% after Assoc British Foods raised their bid to R25 per share. Then, hear about the Finance Ministry approving a 34% increase on wheat import duties.