Facebook: the ‘not so sexy’ tech stock these days. Henry Biddlecombe chats to us about social media platforms and what strategies they are putting in place to bring in more revenue. Do you know what influences your spending habits? Well big organisations do, and it might be useful to know how they capitalise on this with this week’s Money Shot.

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Sasol delays the release of its FY19 restuls and Seleho Tsatsi is in to tell us more. A new Apple phone has been unveiled and we get into the financials of this mobile giant, as well as whether it’s actually worth the upgrade. On the other end of the spectrum, Facebook has launched a dating site in the US – but will they monetise this too, as we’ve seen with the likes of Tinder?

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There’s lots of company results from this past week. Stadio reported a 46% in HEPS for the first half of their financial year. Logistics business Imperial reported a 7% decline in full year earnings, blaming the economy for the poor performance. And finally, DRD Gold increased revenue by 11% and operating profit by 9%.

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Global markets adopted a ‘wait and see’ approach this week, in anticipation of what the US Fed would say at the Jackson Hole meeting, after the Yield curve inverted last week; volumes were just pathetic. Investors are getting whiplash as Trump spent the week flip flopping. Back home, Moody’s issued a statement stating that they believe that the South Africa’s government will try to absorb the additional support for Eskom Holdings SOC Ltd. with new revenue or expenditure measures in the mid-term budget.

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The US yield curve inverted (although briefly), meaning that the yield on the 10 year government bond was lower than the yield on the 2 year bond. Find out why this is important in this week’s episode of the Money Shot. And, Argentinian populist candidate Alberto Fernandez won the primary election and the market reacted very badly.

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China fired a warning shot as it weakened its currency against the US Dollar. The Yuan fell by 6% on Monday, not enough to make up for the Trade Tariffs that were imposed the week before, but certainly a warning. Trump reacted badly, asking the Fed to review currency manipulation. SASBO, the SA banking union, is threatening to strike over job losses on the sector. They have 73k employees registered with the union, threatening to bring SA banking system to a halt.

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It’s a busy week as the US Fed cuts interest rates. Trump imposes an additional 10% trade tariff on $300bn worth of Chinese goods. Meanwhile back at home, the boardroom brawl continues between Old Mutual and Peter Moyo, Eskom reports a R20.7bn loss for the financial year, and the Rand plummets to close Friday at R14.76 against the US Dollar – after trading with a 13 handle just a week ago. And Woolworths reports rather disappointing results.

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CPI inflation came in again slap bang in the middle of the SARB’s target range. Eskom gets an additional bailout of R59bn, and the chickens are already coming home to roost as Fitch kept our credit rating stable, but downgrades the outlook from stable to negative… and Moody’s warns that government debt is now at dangerous levels.

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It seems like the markets are not loving the renewed talks of China/US trade wars and the seizing of the British “fuel smuggling” tanker by Iran in the Strait of Homuz. Anthea explains that, as well as sharing the good news of the SA Reserve Bank cutting interest rates and Ford committing to creating 1,200 new jobs as they ramp up their new plant here in SA. She also reports on EOH, Pioneer Foods and PepsiCo. To wrap things up, she discusses how Netflix has fallen 12% in after-hours trading on Wednesday after indicating that it had lost subscribers in the US for the first time since 2008.

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The market is swinging in all directions while the Rand is constantly flirting with the 13 handle to the USD, but can’t seem to settle on this figure. Woolworths releases a trading update which is in line with what was expected. Health is important and FNB’s banking app now rewards good well-being. The CEO of the Stringfellow Group hands himself over to the police in Honeydew, following allegations that he may have misappropriated hundreds of millions in client funds. Plus, more on Richard Branson’s space-tourism venture, Virgin Galactic.

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