Market News

Herewith the latest market information:

Prime : 10.25%
Gold (US$ per ounce) : 1 311.23 (-1.95)
Brent Crude (US$ per barrel) : 64.81 (+1.20)
Dow Jones : 25 439.00 (-0.41%)
JSE Alsi : 54 527.00 (-0.03%)
ZAR/US$ : 14.16 (-0.27)
ZAR / Euro : 15.98 (-0.28)
ZAR / GBP : 18.11 (-0.26)

Market moving events: The Rand contiues to take heat over the Eskom load shedding.Bonds have also suffered as the market waits to hear how government plans to shore up Eskom’s balance sheet. Our equity market was flat yesterday, after reasonable gains during the week.

Positive Pointer: New kid on the block, Tyme Bank, is set to go live in more than 500 Pick n Pay stores next week.This follows a successful “soft launch” in December where it went live in 20 Pick n Pay and Boxer stores. Tyme Bank is one of three digital banks that have received banking licences since 2017.

Have a great Friday and enjoy the weekend.

Kind Regards

Gary Bartlett
082 887 4294
www.qfg.co.za

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