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.

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