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Q1 GDP expectations swing into negative and Remgro cuts dividend

Nedbank’s Preston Narainsamy looks at the economy as the Sarb keeps the repo rate unchanged but lowers Q1 GDP expectations to negative. Bimco’s Peter Sand talks the impact of the Suez Canal blockage. Remgro CFO Neville WIlliams on their recent financials.

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We are broke, unemployment will soar, inflation go from 2,9% to 15%, petrol will increase massively and the ZAR will collapse once Europe’s vaccine program finally takes off and global yields normalise.

FLEE if you can!

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