The Rand fell 4% for the month of October, but it translated into a 5.7% gain on the stock market. Some good and some bad news on the economic data front for SA, and the Bank of England raises interest rates for the first time in 10 years. In the US, non-farm payrolls disappointed and Trump has put forward his candidate, Jay (Jerome) Powell, to replace Janet Yellen when her term ends in February. There wasn’t much in SA company news, the focus was all in the US: Facebook, Tesla, Mastercard, Pfizer and ‘the great and good’ Apple (getting closer to being a $1trn market capitalisation company).


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Trump’s new candidate & US company news