As Friday’s market traded on the cabinet reshuffle, it looks like there was a lot of repositioning of portfolios both selling and opportunistic buying as $2.9bn was traded. The market was tough, so much so that the JSE reported technical difficulties as shares went into volatility auction. Amongst the chaos, Pembury listed on Friday, and we got official news that Brian Joffe is listing a new company called Long4Life. SA posted R5.22 billion ($391.42 million) trade surplus in February. US Consumer spending for February was released and indications was that it barely moved.
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