Market Watcher: Rate cuts: Sooner or later?

This evening, we wrap up the day’s market movements with Otto 1890, unpack how local municipalities fared after audit with Auditor General SA, learn about Bitumen import concerns on infrastructure output with SABITA, examine what led to the withdrawal of Mixirite license with FSCA, discuss what business and consumers need…

Sharonne Adams – Head of audit, Auditor-General South Africa

David Shapiro of Otto1890 discusses weaker gold and oil prices, with crude falling below $75 a barrel for the first time in 16 weeks. He says lower oil prices should support consumers and consumer stocks on the JSE, and expects the SA Reserve Bank to keep interest rates unchanged.

Melanie Kemp Hofmeyr – CEO, Sabita

Gerhard van Deventer – Divisional executive for enforcement, FSCA