Rational Perspective

Ride-hailing company Lyft Inc will IPO later this week with investors seemingly undeterred at the Uber rival’s heavy annual losses which reached $911m last year. It has been a good 48 hours for both US president Donald Trump and British prime minister Theresa May. In South African news, the stock which accounts for 25% of the Johannesburg Stock Exchange’s SWIX index weighting and 20% of the daily trade, is to list its major assets in Amsterdam. The JSE struggled yesterday with the overall index losing 1.3% and losers outscoring gainers by three to one. See omnystudio.com/listener for privacy information.