It looks like it's going to be a softer end to the week after a string of record highs for the JSE, and grocery retailer SPAR is still in the headlines.
Ructions at major grocery retailer SPAR, a drop in mining production, and the finance minister promises that load shedding will be a thing of the past in 12 to 18 months.
The rand dips on the back of Ramaphosa's decision not to attend Davos, SA to welcome Russian warships despite criticism, and MTN shares drop all thanks to Ghana.
After a well-earned break, Chris Gibbons is back in action reporting that in his absence there has been a string of record highs for the JSE, while away from the markets, Ghana is claiming MTN owes it millions in taxes and penalties. Welcome back Chris!
Gibbons signs off for 2022. "An uncertain end to a very uncertain year", the JSE will probably end the year somewhat flat, and get ready for stage 6 to become normal as stage 8 looms.
Political analysts and economists ponder key themes emerging from the canceled ANC elective conference, TFG acquires sneaker brand Street Fever, and the markets are faring somewhat better.
Positive market reaction to Ramaphosa's re-election to top ANC post, Woolworths offloads Aussie brand Davy Jones, and Twitter wants Elon Musk to resign.
A huge drop in mining output, the decision not to impeach Ramaphosa is good news for the markets, and US scientists make a major breakthrough in the quest for unlimited free energy.
Aspen to receive R523m from the Bill and Melinda Gates Foundation, citrus exports for 2022 came in below expectations, and emerging markets are nervous ahead of interest rate announcements.
The latest inflation figures for SA will be out Wednesday while the final meeting of the US Federal Open Market Committee takes place Tuesday, and Anglo Platinum becomes the latest big corporation to point a finger at Eskom as power cuts continue to wreak havoc on the economy.
South Africa's economy is bigger than before the pandemic, petrol is going up, diesel and liquid paraffin are going down, and the "cash in sofa affair" has a fiscal impact.
Investors in the rand and SA government bonds have their eye on the Phala Phala saga as the ANC Executive is set to decide Ramaphosa's fate today, and on the international front, China looks set to start easing its covid restriction policy.
The rand tanks, bond deals sour, and financial shares plummet as pressure mounts on President Rhamaphosa to resign, Sanlam and Absa sign a deal to create a R1-trillion black-owned asset manager, and Eskom attaches property of the debt-ridden Emfuleni municipality.
2 Dec 2022
2 min
680 – 700
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