SBP sitting at R149.00, basically at resistance. Problem is the rand weakness is eating into offshore retur…by @jse_tttrading on $SBP

SBP sitting at R149.00, basically at resistance. Problem is the rand weakness is eating into offshore returns and the holding company discount is brutal in this kind of macro environment. Long-term view hasn't changed but you're fighting inflation and rate cycle headwinds on the NAV, markets are shaky but that's when real value shows up. I'll keep holding as long as it takes.