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Portfolio Manager, Siboniso Nxumalo talks current market rumblings with The Money Show’s Bruce Whitfield

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Siboniso Nxumalo discusses the implications of the resignation of PWC as external auditors for Oceana, as well as results from MMI, Bidvest and Adcorps and the current global economic environment.

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Chapters

00:00 The resignation of PwC as external auditors from the Oceana Group and what led to this point
02:34 Discussing the trading update from Momentum Metropolitan and concerns
03:57 Discussing the trading update from Bidvest
04:38 Discussing the trading update from Adcorp
06:43 Looking at what happened in the markets over the month of May – from the Fed raising rates to the zero Covid policy in China
09:53 Conclusion

31 May 2022 English South Africa Business

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