South African News: The South African market declined 0.97% on Monday. Resources declined by 1.94%, Industrials by 0.62% and Financials by 0.93%. On the corporate front, Super Group announced a 50.1% acquisition of Great Wall Motors (GWM) SA. This provides Super Group access to the national distribution network of GWM dealers. In trading this morning, the All-Share is 0.26% stronger and the rand is trading at R 10.73 to the US Dollar. On the data front, we will be watching the monthly UK Manufacturing Production data.
Posted on: Tue, 11 Mar 2014 10:27:33 +0000
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