Discovery, Stellar Capital & Mr Price
Global markets started the day stronger on Friday because of positive Chinese manufacturing data, and somehow even the US opened strongly despite weaker than expected non-farm payrolls. The US reported creating 156,000 jobs for the month of August versus an expecting 180,000 – wage growth remained constant at 2.5%y/y. The Dollar initially weakened, leaving the stronger Rand to keep our market in check. We discuss Discovery, Stellar Capital and Mr Price reports. Jannie Mouton has transferred R1bn into a charitable trust after seeing an interview with a smiling Warren Buffet talk about giving away 99% of his wealth.