The Rand reacted swiftly to the very disappointing budget, but at least the weaker Rand had a positive effect on the Stock market. Rand hedges were higher this week (Naspers now R3407 per share), and both Clicks and Dis-Chem reported some decent numbers. Also reporting, was ABInBev – saved by SABMiller and the emerging market consumer... as did Old Mutual Wealth (the UK business makes up 28% of the valuation of Old Mutual). AVI started trading under a cautionary. PPC has announced a bid from Lafarge Holcim, which sent the stock over R7 on Friday. And Amazon’s spectacular results has made Jeff Bezos the wealthiest man in the world again.