SAX bailout scandal; SA pvt sector shrinks; trade war rattles financial markets; JSE gold stocks glisten

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Another government entity is at the centre of a money scandal - this time SA Express, which has sucked up more than R1.5bn in taxpayers' funds to cover losses. The Free Market Foundation crunches numbers that will make your eyes water.
President Cyril Ramaphosa and his team have more work cut out for them to fix the broken economy, with the latest purchasing managers index confirming that the private sector is taking more strain.
Trade war talk between China and the US has unnerved global investors. The rand has reflected concerns, while investors have been snapping up safe-haven assets like gold.
JSE-listed gold mining companies have benefited from volatility on global financial markets, and were the big movers at the beginning of the week.
5 Aug 2019 3PM English South Africa Investing · Business News

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