Markets are grumpy. Local markets are down 10% as well as offshore. They have since turned and are heading back up. Reasons for this are:
1.The Chinese property Conglomerate Evergrande sitting with debt of $350 Billion.
- Investors Profit taking before the end of the year.
This has also weakened the Rand to R20-28 to Pound and R15 – 09 to USD.
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