Lunch time market update
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Bloomberg’s Arabile Gumede explains why MTN, which has posted some good results, is considering pulling out of some markets and how Standard Bank is predicting a bumper year. Standard’s optimism is based on its perceptions of the economy’s prospects under President Ramaphosa, a sentiment that is echoed by many other business leaders. One of those is Michael Bloomberg, who met with his “old friend” Ramaphosa this week. Apart from meeting with business leaders Bloomberg is attending the world conference on tobacco in Cape Town and has pledged a billion Dollars to the fight against tobacco.
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