Stay updated on the latest economic trends both in South Africa and abroad with our weekly summary highlighting key developments in the financial landscape.

Gain valuable insights to inform your current and future investment decisions.

Market Commentary | The week that was – June 11th

By |2024-06-10T17:42:21+02:00June 11, 2024|Market Commentary|

Meta Platforms will enhance WhatsApp with an AI assistant to aid businesses in customer engagement, inquiries, and sales, starting tests in India, Singapore, and Brazil. Nvidia's stock surged to a record high of $1,214.90 making it the third-most valuable company globally. U.S. financial markets showed resilience amid Federal Reserve tightening due to private market risk absorption, government spending, and balanced Fed policies. In the markets, South African indices closed higher due to gains in mining and consumer staples, while the tech firm Naspers saw a decline. The upcoming week includes key economic indicators from South Africa, the Eurozone, Japan, the UK, and the US.

Market Commentary | The week that was – June 4th

By |2024-06-04T10:54:48+02:00June 4, 2024|Market Commentary|

May 2024 saw the introduction of South Africa’s digital nomad visa which allows remote workers to earn from foreign sources, provided they meet a R1 million annual income threshold. Despite potential benefits, experts have cautioned against complex tax implications that could deter extended visits and create a permanent establishment risk for foreign employers. The 2024 election showcased democracy with the ANC's support dropping to 40%, leading to coalition talks as the new uMkhonto weSizwe Party gained 14.6% of the vote. CEO Duncan Wanblad of Anglo-American faces restructuring the company post-rejection of a $49 billion BHP bid. OPEC+'s production increase plan caused price fluctuations in oil markets, with varying analyst opinions. The upcoming week features significant economic data releases from South Africa, the US, the Eurozone, India, and China, impacting market outlooks.Checkers Sixty60 is beta testing an expanded app featuring over 10,000 non-grocery products with same-day delivery, challenging market giants like Takealot and Amazon. OpenAI launched GPT-4o, a unified AI model processing text, audio, and images, promising real-time interactions and broad accessibility. In the markets, South African indices closed higher due to gains in mining and consumer staples, while the tech firm Naspers saw a decline. The upcoming week includes key economic indicators from South Africa, the Eurozone, Japan, the UK, and the US.

Market Commentary | The week that was – May 28th

By |2024-05-28T10:07:50+02:00May 28, 2024|Market Commentary|

South Africa's national and provincial elections on May 29, 2024, are poised to be the most competitive since apartheid, with 27.7 million registered voters and 70 political parties plus 11 independents contesting. The U.S. plans to significantly increase tariffs on Chinese imports starting 1 August 2024. In South Africa's corporate sector, the Ackerman family is stepping down as majority shareholders of Pick ‘n Pay amid a company revamp. Markets closed positively last Friday, with gains in retail and mining stocks, though the JSE All Share index fell 0.46% for the week. Upcoming economic data includes South Africa's Private Sector Credit, PPI, and Trade Balance, alongside key releases from the U.S., Eurozone, Japan, and China. Checkers Sixty60 is beta testing an expanded app featuring over 10,000 non-grocery products with same-day delivery, challenging market giants like Takealot and Amazon. OpenAI launched GPT-4o, a unified AI model processing text, audio, and images, promising real-time interactions and broad accessibility. In the markets, South African indices closed higher due to gains in mining and consumer staples, while the tech firm Naspers saw a decline. The upcoming week includes key economic indicators from South Africa, the Eurozone, Japan, the UK, and the US.

Market Commentary | The week that was – May 21st

By |2024-05-21T09:01:35+02:00May 21, 2024|Market Commentary|

Last week, President Cyril Ramaphosa signed the controversial National Health Insurance (NHI) bill into law, aiming to reform South Africa's healthcare system amidst political tensions and ahead of a challenging election. Checkers Sixty60 is beta testing an expanded app featuring over 10,000 non-grocery products with same-day delivery, challenging market giants like Takealot and Amazon. OpenAI launched GPT-4o, a unified AI model processing text, audio, and images, promising real-time interactions and broad accessibility. In the markets, South African indices closed higher due to gains in mining and consumer staples, while the tech firm Naspers saw a decline. The upcoming week includes key economic indicators from South Africa, the Eurozone, Japan, the UK, and the US.

Market Commentary | The week that was – May 7th

By |2024-05-07T08:20:34+02:00May 7, 2024|Market Commentary|

Prepare for a dynamic week ahead in the business world, marked by significant market moves and strategic collaborations. From billion-dollar bids to dual-listing initiatives, alongside notable developments in the coffee and gold markets, anticipate a week filled with impactful insights and opportunities.

Market Commentary | The week that was – April 8th

By |2024-04-09T12:55:24+02:00April 9, 2024|Market Commentary|

Three of the Kusile Power Station units, operating at over 90% efficiency, will shut down in October 2024 for chimney repairs, following damage that has lowered output. The damage (caused by maintenance lapses) necessitates R600 million to address temporary fixes. Despite high performance, the station faces completion and operational challenges.

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