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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Not a great week on the JSE – two major drivers, firstly the continued sell-off in emerging markets, and secondly, lots of consumer dependent company results… a few bright spots, but predominantly bad news.

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It’s been a slightly positive week on the JSE, despite volatile global markets. Anthea also updates on retailers’ reports, MTN selling its Cyprus unit and she also answers the many questions Gareth has around Christo Wiese being named in a R217m SARS claim.

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Markets are heavy again this week… we’ll just blame Donald Trump! Trade wars continue as he imposes more tariffs on imported goods.

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The JSE and global markets are under pressure on the continued talks of what might now officially be a trade war. Trump has imposed $34bn of import tariffs on goods from China, China immediately responded, and even Russia jumped on the wagon imposing a 25%-40% tariff on yellow metals.

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The JSE closed the month 3.5% higher, with all the gains coming on the last trading day of the month! Our currency remains as volatile as ever, 13.82/$ and 18.10 to the Pound. Employment in South Africa‘s non-agriculture sector rose 0.6% in the first quarter of 2018 to 9 838 million people, compared with the previous three months.

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