Lockdowns being extend everywhere (Spain +15 days, Italy +2 weeks, US wait and see, but likely end April)
ZAR blowing out
US jobless claims 6.6m this week Unemployment at 4.4%, non-farm payroll down 701k jobs (first down in a decade), -100k expected Numbers don’t add up, latter is only to mid March
Lots of lagging data, two issues here, one is data coming out at record worst, and even just a 1 month delay makes data largely useless
Woolies update
Famous Brands bails on GBK
Spur suspends franchise fees amid Covid-19 closures
Nampak gets their R1.5billion for selling glass biz
Anchor reports record demand for fixed-income assets
British American Tobacco working on COVID-19 vaccine