Cannon Asset Managers: Making cents of China cool-off

China’s unexplained capital outflows reached a record high level in December, despite strict currency controls. The adjacent chart illustrates the increased volatility as well as the trade balance sensitivity to these aggressive flows, not to mention the instability in China’s currency market.

Ruan Kemp: Exxaro – To hold or not to hold?

Current consensus view amongst analysts is that Exxaro is a ‘Hold’, this despite the fact that Exxaro is struggling to hold onto its place in the FTSE/JSE Top 40 Index.