Flash Briefing: Gold still gaining; Big Tech backlash; Eskom needs more cash; Sasol, Naspers
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The gold price is on its longest winning streak in almost a year and a half, rising for the eighth consecutive trading session on Friday.
The global backlash against Big Tech intensified over the weekend when G20 Finance Ministers said they have agreed to new rules to tax companies like Facebook and Google.
On the sidelines of the G20 meeting in Japan, South Africa’s National Treasury director general Dondo Mogajane admitted that the country needs to inject even more than the already promised R69bn into Eskom.
Rand hedge stocks Sasol, which rose 3.5% and Naspers, up 2.5%, were among the JSE’s best performers on Friday, benefitting from the recent weakening in the currency.
The global backlash against Big Tech intensified over the weekend when G20 Finance Ministers said they have agreed to new rules to tax companies like Facebook and Google.
On the sidelines of the G20 meeting in Japan, South Africa’s National Treasury director general Dondo Mogajane admitted that the country needs to inject even more than the already promised R69bn into Eskom.
Rand hedge stocks Sasol, which rose 3.5% and Naspers, up 2.5%, were among the JSE’s best performers on Friday, benefitting from the recent weakening in the currency.
