Investors urged to stay calm after Cabinet reshuffle

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(iStock)
(iStock)

Cape Town - Investors were cautioned to remain calm in the wake of President Jacob Zuma's Cabinet reshuffle.

In a note issued on Friday PSG fund specialist Lourens Joubert reminded clients that it is an important time to keep calm.

In his view, the firing of former Finance Minister Pravin Gordhan was the most impactful news. He reminded clients that similar decisions in December 2015 had a profound effect on financial markets.

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