CPI Inflation came in at the middle of the SARB target, 4.5%, this is not a bad week on the JSE – considering more retailers put out terrible trading updates, and even the Rand strengthened a bit. Anthea highlights Massmart’s trading update, Shoprite’s numbers, and the Vodacom report which has raised eyebrows. There’s lots going on in Naspers as it gets approval to separately list its pay TV business (Multichoice), and Tencent gets China Govt approval for more games. Lastly, she shares her thoughts on the general feeling on the global economy out of Davos.

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How does the build-up to elections reflect on the market? Anthea kicks off this week’s update with a breakdown of that before tackling all of the discussions happening around the South African Reserve Bank. The other issue that raised its ugly head at the ANC conference was President Ramaphosa saying that the challenges at Eskom were being handled?!

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There’s heavy competition in the smartphone market, this is what Seleho Tsatsi explains as profit warnings continue, as he stands in for Anthea. Find out how the US earnings season, Chinese auto sales and the US government shutdown are doing. It was a big week for Jeff Bezos as he announced his divorce. How will this impact his finances and Amazon? Seleho concludes with discussing the rise of AB Inbev shares, the upcoming SA clothing retailers report this week, and SARB to make an interest rate decision.

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For the first Money Shot of 2019, Anthea takes a dive into the 2018 global stock market performances in US dollars, recapping the first couple of days of trading for 2019 and the resignation of one of the deputy governors of the South African Reserve Bank. She touches on Apple’s guidance looking terrible, which is making investors very nervous. And she speaks about 2019 being a binary year of “If…Then…“ when it comes to Brexit, US government shut-down and SA elections.

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We had a decent week, Rand and JSE stronger as US/Sino relations settle; and the focus was predominantly on Theresa May, who managed to survive a vote of no confidence. Who would have thought Eskom was in the home loan business… but it was revealed last week that they are planning to sell the debt book to Patrice Motsepe’s ARI (African Rainbow Investments). Anthea discusses the SA CPI inflation rising to 5.2%, and retail sales rising 2.2% (not including Black Friday) and concludes with individual company news: Tencent’s Music Entertainment group, FirstRand and Alexander Forbes.

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Anthea called it on Naspers last week – the share closed 4.5% higher on Monday. In fact, the overall market was 2% higher because of the President Trump – President Xi Jingping agreement. However, it all turned pear-shaped when Trump started tweeting again on Tuesday. Then it really turned bad when Canada arrested the CFO, and daughter of the founder, of Huawei – US/Sino trade tensions have escalated again. Hear all about that, the US yield curve which has inverted, what SA’s third quarter GDP has showed us, marking the Steinhoff-versary and Group Five falling as much as 40% in one day, after news of a Ghanaian power plant woes, here. Plus some more tips for our #INVEST Easy Equities competition.

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The Business Confidence Index came in at the lowest level since the 2nd Quarter of 2017 when Zuma fired Gordhan and we were downgraded to junk status. Consumer confidence was no better. Anthea discusses this, as well as gives a look at company results, a petrol price update and lastly the announcement of an exciting new #INVEST Easy Equities competition.

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Henry Biddlecombe stands in for Anthea Gardner this morning as he takes a look at US Earnings season review for Q318, questions why the market is not responding well to what seems to be very positive earnings growth, as well as explaining what peak earnings are all about. Henry wraps up with the interesting results of Amazon, Microsoft and Activision Blizzard.

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The SA Reserve Bank surprised us by raising interest rates by 0.25%, the first hike since early 2016 – bringing the repo rate to 6.75% and the prime lending rate to 10.25%. SARB argued that it was a risk mitigation strategy, clearly trying to avoid stagflation (which is high inflation, low economic growth and high unemployment), and is difficult to manage. The Rand strengthened dramatically from 13.95 against the USD to 13.73, MPC growth predictions for the year was lowered to 0.6% (prev 0.7%) and kept the same for 2019: 1.9% and 2020: 2%. Anthea threatened to put Gareth’s name forward to SARB as they are looking for another external MPC member.

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Anthea kicks off this week’s business and financial segment of The Money Shot by responding to a listener’s email. Not a great start to the week on company news, Vodacom (-8%), BTI (-11%), Rebosis (-21%) and Tsogo Sun (-3%). On the bright side, Discovery Bank launches, while Tencent reports results, and some good news on Torre.

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