Buy on rumour, sell on fact… Old Mutual was up almost 12% since the rumour of them splitting up the business and down 3% on Friday after the results presentation. EOH reported results last week and remains a holding in our portfolio. Rand Merchant Insurance also released results showing that OUTsurance earnings grew 25% in 1H16. Meanwhile, it looks like we’re expecting a 25bps rate hike on Thursday when SARB MPC meet.
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