Even the 1% positive close on Friday couldn’t save the JSE from a negative September. On the macro front, Private Sector Credit Extension was released and indicates that the consumer is deleveraging 6.6% year on year and we managed to maintain a Trade Surplus of R6bn. The SAA bailout which saw NT approve a transfer of R3bn from the National Revenue Fund is discussed and Anthea is disappointed by the WEF annual competitiveness report showing that SA fell 14 points to be ranked 61. Plus in the US, jobless claims climbed by 12k to 272k and US 2nd Quarter GDP growth came in at 3.1%.

 

SAA bailout

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