Ray White of The Money Show talks to Portfolio Manager, Siboniso Nxumalo, on what happened in the markets today and why.

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Siboniso Nxumalo discusses upheaval in the markets this week, driven by the resources sector and the news that Beijing is going into lockdown over fears of a renewed Covid outbreak in China.

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Chapters
  • 00:24 Discussing the markets on the day and what drove resources down
  • 02:24 Should you judge markets by the daily news flow? No – Siboniso explains why
  • 03:11 Trading update from the Foschini Group and the unbundling notice from the PSG Group
  • 05:11 Discussing the performance from the PSG Group in more detail
  • 06:13 Has the Rand lost massive value over the past few weeks? Not quite – Siboniso explains why
26 Apr 2022 English South Africa Business

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