Anthea Gardner returns from Half Ironman to tackle the burning issues in the business and finance world. Our 5th finance minister in 3 years, the Rand has been volatile but strengthened as Moody’s did not downgrade us. Trump criticises the US FED. Naspers’ shares take a pounding and Sanlam has finally been approved to buy Moroccan Saham.

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Brent crude oil price hit a 4-year high since 2014 at $86/bbl and has stayed near those heights at $85/bbl. Seleho Tsatsi discusses with the team exactly what this means for both consumers and investors. More around the Pioneer Food Group trading statement, EOH results, plus Tesla and Elon Musk.

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The markets had a mid-week bounce after the US said it was ready to restart trade talks. What type of effect does this have? Anthea chats about those ripple effects, and the likes of the Government Employees Pension Fund looking to increase its allocation to offshore investments, and Impala Platinum reporting a R10.8bn loss for the full year. And in one of the biggest finance stories this past week, Apple released their new iPhone XS, and the dual sim card is playing straight into the hands of Rain, which was the focus of African Rainbow Investment results presentation.

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To kick the week off, Anthea takes a look at SA Macro updates from the country going into technical recession to the government subsidising the petrol price for September, raising it by only 5c a litre instead of the expected 25-30c. In companies reporting, she touches on Supergroup, Discovery, MMI, FirstRand and Capitec. And in global news, find out how US non-farm payrolls came out better than expected, Amazon becoming the second US listed company to reach a 13 digit valuation of $1trn and how Elon Musk smoking weed impacted his business. In closing, Anthea brings up Jack Ma’s retirement and the plans he has in place for that.

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This week Seleho Tsatsi from Anchor Capital stands in for Anthea as he kicks things off with a wrap of August’s biggest stocks moving, MTN going down 19% on Thursday and Tencent dropping 5% on Friday after new restrictions on gaming in China. He also looks at Mr. Price’s trading statement, Apple unveiling new products, and Amazon heading towards a $1 trillion market cap.

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This week, Anthea notes the CPI inflation creeping higher than expected, coming in at 5.1% vs June 4.6% and looks at Blue Label telecom, Bidcorp, Woolworths, Shoprite and Italtile company reports. She discusses how Naspers has bounced this week, starting on Monday, by gaining 4% after it said it was selling Flipkart for $2.2bn – and concludes with Alibaba reporting an almost unbelievable set of results, proving that they are dominating the e-commerce space.

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The Turkey drama (“economic war”) continues, dampening demand for Emerging Markets – the Rand hit 15 against the US$ twice last week. Elon Musk is now being investigated by the SEC and playing the sympathy card (which personally, Anthea finds hard to buy). The biggest news for the JSE this week, was the reporting of Chinese company Tencent, which sent Naspers down 8% on the day – gross margins down and operating expenses up; not a good look!

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Emerging market currencies blew out last week because of economic and political issues in Turkey, leading the Rand to surpass 14/US$. Anthea also touches on Nedbank, MTN and Glencore report results before discussing African Rainbow Capital buying Tyme Digital Bank. Finally, find out how Elon Musk is making waves by tweeting about taking his company private.

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Anthea breaks down this week’s financial news which brings about another scary statistic: SA unemployment is at a 15 year high! She also looks at the factors that lead to the Rand taking a beating. And in company news, Impala Platinum announces they are cutting 2/3rd of their workforce while Liberty Holdings and JSE both report. In the US, she also breaks down the recent Tesla and Apple reports.

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The Rand is powering ahead on the back of a weaker Dollar, commitments from the Chinese President for Foreign Direct Investment, and talks of BRICS countries rallying together to negate the impact of Trade Wars. Anthea breaks down this week’s big financial stories. She also touches on Hulamin, Capco, AECI and Kumba reports locally. On the international front, she comments on Alphabet delivering on extraordinary growth strategy and Facebook making the history books for being one of the biggest drops by value in the history of stock markets.

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