Transaction Capital, is there value? (#533)

Simon Shares

• Federal Reserve FOMC raises 0.25% and the market drops as Fed says almost at the top.
• Local CPI comes in slightly higher at 7.0%.
  • MPC meets next week, hold on rates or another +0.25%?
• Credit Suisse 'sold' to UBS.
• Steinhoff (JSE code: SNH) votes against the debt deal, now what? Bankruptcy surely?
• Transaction Capital (JSE codeL TCP) bounces, where's the value?