SAA bailout

Loading player...

Market update: Even the 1% positive close on Friday couldn’t save the JSE from a negative September (-1.2% for the month). There was very little company news and on the macro front, Private Sector Credit Extension was released and indicates that the consumer is deleveraging 6.6% y/y and we managed to maintain a Trade Surplus of R6bn (vs the previous month’s R9.3bn. We discuss the SAA bailout which saw NT approve a transfer of R3bn from the National Revenue Fund. Anthea is disappointed by the WEF annual competitiveness report showing that SA fell 14 points to be ranked 61. And in the US, jobless claims climbed by 12k to 272k and US 2nd Quarter GDP growth came in at 3.1%

2 Oct 2017 English South Africa Business · Investing

Other recent episodes

Mr at the right Price

Mr Price is raising capital through an age old method. Are we going to see a scramble to capture Edgars' market share if they don't survive after lockdown? Investec are navigating murky waters after Brexit and Covid-19 have restrained business activity. Are food retailers Covid-proof? Chinese stocks are feeling the…

25 May 2020 11 min

Survive, not Thrive

Though JSE share value is down, this is no time to panic, Exchanges recover from crashes rather quickly. With the UK's GDP contracting 2% in the first quarter and 33 million jobs lost in America, how will this affect consumer spending as lockdown eases? Group Five will be delisting after…

18 May 2020 16 min

Market reality vs Street reality

The economic reality on the street vs the markets is worlds apart. Is it good when the yield is up? What exactly are foreign reserves? Is Covid-19 enforced redundancy just an excuse for businesses who were on the brink anyway? And the US job loss numbers have gone beyond the…

11 May 2020 18 min

Edcon & Comair in trouble while Spotify flies

Another positive week for the JSE, as investors turn positive on the news that quite a few countries are lifting lockdown restrictions. S&P ratings agency downgraded SA further into junk status, but the Rand is still holding below 19/US$. Edcon has filed for voluntary business rescue, as Comair find themselves…

4 May 2020 13 min

Volatile is the new norm

Why doesn't the Stock Market close when all other businesses have to? Who legislates the JSE? Are traders adjusting to volatility as the new norm on the market? While the Rand hit an all-time low, Anthea details what micro and macro factors could lead to inflation if we are not…

28 Apr 2020 15 min

All episodes