SA violence in global spotlight; 300 arrests; Boris prepares to die for Brexit; US stocks soar; MAS, Capitec, Discovery, Hyprop, Assore
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The World Economic Forum on Africa was supposed to be President Cyril Ramaphosa’s chance to prove South Africa’s claim to being the continent’s top investment destination. But it has all gone horribly wrong, says Bloomberg.
About 300 people have been arrested as police move to restore calm across South Africa, which has been caught in a wave of violence and anti-violence protests.
The United Nations has condemned a wave of xenophobic attacks in South Africa in which at least 10 people died. It blames poverty for the outbreak of violence.
The Open Society Foundation for South Africa strongly condemns the recent incidents of violence against women and attacks on non-South Africans.
Boris Johnson’s six-week-old premiership was thrown into yet more disarray after his brother quit the government in protest at his Brexit strategy. And, he said he would “rather be dead in a ditch” than ask the European Union to delay Brexit again.
US stocks surged and Treasuries tumbled after a raft of data bolstered confidence in the American economy and trade tensions eased. The dollar declined.
On the JSE, the big mover of the day was property company MAS, which jumped 20% in value on the news of an acquisition.
Low-cost banking company Capitec’s share jumped by nearly 5% on a trading update indicating that it expects headline earnings per share will increase between 18% and 21%. The share price of medical scheme provider Discovery gained about 4.5%. Leading stocks down was property company Hyprop, which plunged 10% following the release of its consolidated results for the year ended 30 June.
About 300 people have been arrested as police move to restore calm across South Africa, which has been caught in a wave of violence and anti-violence protests.
The United Nations has condemned a wave of xenophobic attacks in South Africa in which at least 10 people died. It blames poverty for the outbreak of violence.
The Open Society Foundation for South Africa strongly condemns the recent incidents of violence against women and attacks on non-South Africans.
Boris Johnson’s six-week-old premiership was thrown into yet more disarray after his brother quit the government in protest at his Brexit strategy. And, he said he would “rather be dead in a ditch” than ask the European Union to delay Brexit again.
US stocks surged and Treasuries tumbled after a raft of data bolstered confidence in the American economy and trade tensions eased. The dollar declined.
On the JSE, the big mover of the day was property company MAS, which jumped 20% in value on the news of an acquisition.
Low-cost banking company Capitec’s share jumped by nearly 5% on a trading update indicating that it expects headline earnings per share will increase between 18% and 21%. The share price of medical scheme provider Discovery gained about 4.5%. Leading stocks down was property company Hyprop, which plunged 10% following the release of its consolidated results for the year ended 30 June.
