Market was stronger on Friday up 87 basis points, but Pick ’n Pay put out a trading statement that disappointed the market and saw the share fall 8%. Sovereign Foods put out a cautionary that did not indicate direction, but the share was up 9.5%. Brait has now completely disposed of their Steinhoff shares and upped their stake in Iceland foods. Look out for two new listings on the JSE: Balwin Properties and Waco International.
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