Posted at 04 Dec, 12:23h in Media, Videos by

 

  • Annual inflation fell to 3% in October which is a sixth consecutive month of decline.
  • The Rand strengthened against the US Dollar closing at R14.67 (30/11/2019) from R15.03(01/11/2019), due to continued progress in the US-China trade negotiations
  • The Year to Date performance:
    • The JSE Top 40 index: 5.12%
    • DOW Jones: 20.25%
    • NASDAQ: 30.60%
    • S&P 500: 25.30%
  • Eskom appoints a new CEO -Andre de Ruyter whose main task is to implement reforms that will see the embattled stated owned enterprise(SOE) ensuring stability in power supply, financial management challenges among other issues besetting the power utility.
  • The SARB maintained the repo rate at 6.5% and the mortgage rate at 10%
  • Rating agencies namely S& P and Moody’s have simultaneously changed South Africa’s outlook on long term debt from stable to negative a notch away from junk status.
  • Trade tensions between USA and China continue to dominate international markets but have eased in November which is good news to the global markets.
  • Following Britain’s failure to leave the EU bloc, Britain’s Prime Minister Boris Johnson has advised that there is an annual general election on the 12th of December 2019
  • Trump’s impeachment inquiry continues to take centre stage in global politics, with no impact on markets yet.
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