Weekly Share Talk - 21 November 2016
Private Clients | 21/11/2016
The All Share ended higher, firming 0.66% after a volatile week dominated by off-shore markets. The rand slid to lows of R14.63/$ on Friday, its weakest since mid-September, before bouncing back to R14.38/$. The rand volatility is likely to concern the Reserve Bank’s monetary policy committee on the interest rate decision this week. Retail sales grew 1.4%, beating market expectations of a 1% increase. Sales were mainly boosted by food, beverages, tobacco and pharmaceuticals.