Newsletter – September 2021 – Issue 115

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.

  1. 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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