Seleho Tsatsi is in for Anthea today, and he anticipates that like-for-like net rental income for 2019 will be down by around 9%. He gives an update on Dis-Chem and how things are looking for them. Could they be the next Clicks? Uber on the other hand has their results out too, and it seems they’ve been bleeding money - $2.5 billion to be precise.
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Oil imports decreased during the month of September, causing trade surplus to widen. With the budget behind us, this past Friday Moody’s changed our outlook from Stable to Negative. On a brighter note, the US Dept of Labour said that they had added 128k jobs.
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No doubt you’ve heard the expression, “Cryptocurrency is the future of money”... but have you ever stopped to consider what money actually is, and how crypto is different? Luno’s Karalee Kleinschmidt talks about the differences - and similarities - between money as we know it and cryptocurrencies. Decrypto is powered by Luno.
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Kanthan Pillay and Dawie Scholtz join Gareth for some topical conversation. With the recent spate of resignations and reshuffling in the Democratic Alliance, the panel give their analysis on the matter. On the back of yesterday’s Budget speech, the two guests weigh in with their opinions, and, we get their thoughts on what the best solution is for Eskom with their current debt. Brought to you by Nando’s.
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This week crude oil dropped below $61/bbl... we find out why with Anthea. Pick n Pay on the other hand reported a very impressive set of results, with an increase in turnover. Twitter reported a Q3 net income of $37-million, or 5 US cents per share.
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Henry Biddlecombe joins us in place of Anthea this week, and he chats about streaming wars - with Disney and Amazon coming up as strong contenders against the likes of Netflix. He also touches on Brexit, and what it actually means for investors.
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EM currency traders reacted nervously to Trump’s tweet, and Anthea explains why currencies are sensitive to seemingly insignificant things such as a tweet or someone's opinion. Trade negotiations remained in the spotlight as the Chinese delegation headed to Washington. Meanwhile back home, President Ramaphosa - in his recently launched Monday newsletters to the nation - said he is hopeful an agreement (AfCFTA – African Continental Free Trade Agreement) that could see the continent become the world’s largest free-trade zone, will boost the country’s sluggish economy.
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Markets were plagued by risk off sentiment last week as traders and investors worried about trade wars. Meanwhile, it looks like we’ll have a new listing on the JSE next year with Engen raising money to upgrade its Durban facilities. Then, FSCA imposed a record R100m fine on MetCI last week, four years after Third Circle lost two thirds of its value in just two days of trading in December 2015.
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It’s a Different kind of Monday…
04.11.19 Pt 1 - Everyone is still buzzing after the weekend, with many stories to tell. We also have a special guest this morning. Mbulelo Thinta is a proper sports fan and he's in to give everyone a well-rounded recap of what is arguably our greatest sporting weekend this year. Siya is faced with a minor dilemma, and found himself having to break in and out of his own house this weekend.
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