Posted at 05 Aug, 08:45h in Media, Videos by

Click here to play the video

 

  • The South African Reserve Bank cut interest rates by a further 25 basis points to 3.5% as the Coronavirus continues to impact the country’s economy. This marks the lowest rate implemented by SARB in almost 47 years, the rate has been cut by a total of 3% in 2020.
  • The total Coronavirus cases has exceeded 470 000 in SA with over 7000 recorded deaths. On a lighter note our recovery rate has improved to 62.5% and we have one of the lowest death rates per infected cases in the world at this stage.
  • Geopolitical tension sparked as President Trump ended Hong Kong’s special status with the US. Trump further Reported he is considering not allowing Chinese Communist Party members and their families to enter the US.
  • Trump is considering banning TikTok as he feels it is a security threat and China is accessing personal information via the app.
  • President Trump has called for November’s presidential election to be postponed as he is against postal voting which could be susceptible to fraud. The delay was suggested to ensure people can vote “properly, securely and safely”.
  • Gold hit a record high on the 28th July reaching $1 940 an ounce. The hike pushed a wave of investors selling the precious metal and so driving the price back down on the day to $1 915.
  • The British royal family has now decided to make and sell dry gin made from leaves sourced from the Buckingham Palace gardens. Royal income for 2020 is expected to drop by a third, or £18 million, due to closures of palace visits by tourists.
  • Given the fact we are currently experiencing one of the most severe global recessions since 1930’s the MSCI World Index (USD) is up over 20% since the trough in March. We do question whether the rally will continue with slowing growth and increasing uncertainty globally.
  • Vitamin C for 2020 has been in high demand which is fitting for a year of a global pandemic and the drive to boost your immune system. Orange juice came in as one of the top performing commodities year to date in July.
  • Tesla is currently the largest auto manufacturer by market cap, trading at over $1 400 a share on the 31st Tesla listed 10 years ago at $17 a share, up over 8000% since inception.
  • One-month index movements:
    • S&P 500 (USD): 5.64%
    • FTSE 100 (GBP): -4.20%
    • JSE All Share Index (ZAR): 2.56%

 

Print page
1 Like