SA gears up for free trade; Foreigners dump SA stock; Clicks soars; Bok fever dampens volumes; Trump tax blow

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The African Continental Free Trade Area, will be a “game changer” for South Africa, Ramaphosa said in his weekly letter to citizens Monday.

Bloomberg reports that foreigners offloaded South African stocks at the fastest pace in two years last week, as worries about the state of the global economy helped spur an exit from riskier assets.

Clicks surged the most in 11 years in Johannesburg trading after the retailer said its full-year earnings would rise as much as 18%, despite the tough conditions confronting South African consumers.

It could be a quiet day on the JSE on Tuesday, when the Springboks take on the Canadians in Kobe, just four days after beating Italy 49-3.

Sizwe Nxedlana has been appointed CEO of Ashburton Investments, the asset management arm of the FirstRand group, with immediate effect.

President Donald Trump won a last-minute reprieve from a court order that would have forced his accountants to immediately hand over his tax filings and other financial records.
7 Oct 2019 12PM English South Africa Investing · Business News

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