/ FOMC leaves rates unchanged and no tapering just yet.
/ Evergrande a worry but not a global threat
/ China bans crypto, again.
/ Britain has a shortage of lorry drivers, and so a petrol shortage.
/ Nike cut its 2022 revenue outlook because of the temporary bottlenecks plaguing supply chains.
/ MPC no change
/ Telkom to spin out towers (Swiftnet) worth about R13billion. Openserve will happen afterwards.
/ PGM prices remain under pressure as vehicle production the world over in under pressure due to chip shortages.
/ Spur results
/ Exxaro has announced the development of a 70 MW solar project as part of the groups “overall renewable energy strategy”.
/ Grindrod sells remaining stake in Grindrod Shipping for R370million
/ PayPal announced plans to buy Japanese "Buy Now, Pay Later" BNPL company Paidy Inc. for $2.7B
/ US judge rule against Apple and in Epic Games favour in antitrust lawsuit; judge says Apple's conduct in enforcing anti-steering restrictions is anticompetitive
/ China Evergrande Group default risk ($300bn)
/ U.S. Senate Democrats float stock buyback tax as part of $3.5 trillion bill
/ The World’s Shippers Are Earning The Most Money Since 2008
/ Local Q2 GDP, we’re 1.4% below pre-pandemic levels
/ SARB governor Lesetja Kganyago suggests we work towards a 3% inflation target, with a 2-4% tolerance range
/ FSCA fines Viceroy R50m
/ Result; Shoprite
/ Results; Momentum
/ Results; Bidvest
/ US jobs data slows. Likely means tapering not just yet even as ECB starts talking tapering.
/ New China restriction, kids gaming limited to one hour a day on Friday, weekend days and public holidays
/ Pfizer has recognized over $10 billion in profits from the COVID-19 vaccine alone, making it the best drug introduction in history.
/ After hurricane Ida oil recovery begins with ports and refineries restarting but most production in the Gulf of Mexico is still shut.
/ Chip shortage holds back German car sales in August
/ SA trade surplus at R37bn July vs R55bn June. YTD R290bn.
/ Mediclinic plans to go green in R2.2bn renewable energy deal
/ Results; Murray & Roberts
/ Results; Discovery
/ Results; Implats
/ Results; Aspen
Is this Woolworths’ attempt at Athleisure ?
Crop Top : R249.99
Leggings : R299.99
I am flattered they think I,their customer, is a 20 year old Instagram Fitness star 🤣🤣 pic.twitter.com/B4xsTJ36ho
— Moms 💖 investing (@mommy_moneyza) September 1, 2021