Events that moved the market 2020
-
3 Jan 2020
Source: BBC News
US kills top Iranian general
President Trump orders the killing of Iranian General Qasem Soleimani, along with other Iran-backed militia at Baghdad airport.
-
16 Jan 2020
Source: Statistics SA
SA cuts repo rate to 6.25%
The SA Reserve Bank’s Monetary Policy Committee unanimously cuts the repo rate by 25bps to 6.25 (from 0.5%).
-
23 Jan 2020
Source: Bloomberg News
China ends year in panic
The Shanghai Composite Index sinks more than 3%, the worst pre-new year drop in three decades, fuelled by panic over the outbreak of a deadly virus that locked the city of Wuhan.
-
3 Feb 2020
Source: Moneyweb
Tongaat Hulett loses 60%
The share price of Tongaat Hulett plunges more than 60% on its first day of trading since June 2019.
-
6 Feb 2020
Source: fin24
SAA cancels slew of routes
SAA cancels all of its domestic routes apart from Johannesburg to Cape Town. Its joint Business Rescue Practitioners announces staff cuts and that it’s exploring the sale of some of its assets.
-
12 Feb 2020
Source: Bloomberg News
Anglo Gold exits SA
AngloGold Ashanti sells its remaining SA assets to Harmony Gold for about $300 million (R4.4 billion at prevailing exchange rates).
-
24 Feb 2020
Source: Bloomberg
Coronavirus hits Milan
Italian stocks plummet on more than two hundred confirmed cases of coronavirus in the city of Milan.
-
3 Mar 2020
Source: Statistics SA
SA enters recession
The SA economy shrinks by 1.4 in the third quarter. This is South Africa's third recession since 1994.
-
3 Mar 2020
Source: AFP
Fed cuts rates by 50bps
The Fed slashes its key interest rate by half a point to a range of 1.0, a bigger cut than usual. It states that ‘the coronavirus poses evolving risks to economic activity’.
-
8 Mar 2020
Source: AFP
Oil wars launched
Saudi Arabia cuts its oil prices by the biggest margin in 20 years after a failed agreement with Russia over oil production. Brent crude is down to $32 a barrel.
-
9 Mar 2020
Source: AFP
Rand devalues rapidly
The rand falls to its weakest point since 2016 - R16.97 against the US dollar, above R21 to the sterling and R18.44 to the euro.
-
9 Mar 2020
Source: fin24
Sasol down on oil price drop
Sasol loses 45% of its share price value in the first few minutes of trading on the oil price collapse.
-
11 Mar 2020
Source: Statnews
WHO declares COVID-19 pandemic
The World Health Organization declares the rapidly spreading coronavirus outbreak a pandemic.
-
11 Mar 2020
Source: Reuters
BoE cuts rates
The Bank of England cuts interest rates by 25bps, the first cut outside the BoE’s normal schedule since the 2008 financial crisis.
-
12 Mar 2020
Source: Reuters
Trump bans travel from Europe
Global shares plummet after President Trump announces a temporary travel ban from Europe in an effort to curb the spread of the coronavirus.
-
12 Mar 2020
Source: Reuters
Italy closes shop
Italy, amid a deadly outbreak of Covid-19, imposes a blanket closure of restaurants, bars and almost all shops. Wall Street has its worst daily crash since 1987; some European bourses their biggest ever.
-
15 Mar 2020
Source: Aljazeera
US cuts to zero
The US Federal Reserve cuts interest rates by 100 basis points to a target range of 0. It states it will expand its balance sheet by at least $700bn in coming weeks.
-
17 Mar 2020
Source: Reuters
Philippine market shuts down
The Philippine Stock Exchange closes indefinitely and currency and bond trading are suspended - the first market shutdowns worldwide amid the Covid-19 crisis.
-
19 Mar 2020
Source: Bloomberg
SA cuts repo by 100bps
The SA Reserve Bank’s monetary policy committee unanimously decides to cut the repo rate by 100bps, the biggest cut in more than a decade.
-
23 Mar 2020
Source: SABC
SA lockdown announced
President Ramaphosa announces a nationwide lockdown – with the exception of essential services - from midnight on 26 March to curb the spread of the COVID-19 virus.
-
27 Mar 2020
Source: fin24
Moody’s downgrades SA
Moody's cites a deterioration in SA's fiscal strength for its decision to lower the country's rating to Ba1 from Baa3. The outlook remains negative.
-
14 Apr 2020
Source: Bloomberg News
AB InBev halves dividend
Anheuser-Busch InBev halves its proposed dividend, saving about $1.1 billion as the coronavirus pandemic has shut bars and cut beer drinking.
-
14 Apr 2020
Source: fin24
SARB cuts deep again
The SA Reserve Bank cuts the repo rate by 100 basis points, the second major cut in less than a month.
-
15 Apr 2020
Source: Business Insider South Africa
Gold hits R1m/kg
The gold price trades above $1,720 per ounce, making it worth over R1 million a kilogram.
-
17 Apr 2020
Source: Bloomberg News
Chinese economy shrinks
China experiences its first economic contraction in decades in the first quarter of 2020, with the pandemic leaving China reliant on fragile domestic demand to spur a recovery.
-
20 Apr 2020
Source: Bloomberg
Oil price drops below zero
In an unprecedented day of trading, the price for the West Texas Intermediate May oil futures contract trades as low as minus $40.32 with sellers ‘begging’ buyers to take delivery of cargoes.
-
21 Apr 2020
Source: Statistics SA
Business layoffs: 1 out of 5
One in five SA businesses have laid off staff due to the pandemic, according to a new Statistics SA business impact survey based on the responses of 707 businesses across all sectors of the economy.
-
21 Apr 2020
Source: Moneyweb
SA gets R500bn relief
President Ramaphosa announces a R500 billion stimulus package, to mitigate against the disruption of the pandemic.
-
24 Apr 2020
Source: fin24
Landbank defaults on debt
The Land Bank defaults on debt that was due, triggering cross-default on certain other bonds.
-
29 Apr 2020
Source: fin24
Edcon files for business rescue
Edcon commences with voluntary business rescue proceedings. About R2bn of sales are lost due to the nationwide lockdown.
-
7 May 2020
Source: Bloomberg News
US joblessness off the charts
Initial jobless claims total 3.17 million in the week ended 2 May. That brings the seven-week total to about 33.5 million.
-
7 May 2020
Source: Reuters
Chinese exports pick up
The market mood stabilises globally as Beijing reports a 3.5% rise in April exports, confounding market expectations of a sharp fall, as factories restart output after lockdown.
-
14 May 2020
Source: fin24
MTN sees data surge
MTN says it recorded a 26.4 % jump in data revenue in the quarter ended 31 March due to lockdown.
-
21 May 2020
Source: fin24
SARB cuts rates by 50bps
The Reserve Bank's monetary policy committee cuts the repo rate for the fourth time this year, from 4.25.
-
3 Jun 2020
Source: Reuters
PMI reaches record low
Markit’s PMI Index falls to 32.5 in May, its lowest level since the survey began in 2011, showing sharp declines in employment and new orders, and crumbling output due to lockdown.
-
4 Jun 2020
Source: Reuters
ECB stimulus boosts rand
The ECB increases its emergency bond purchase scheme by 600 billion euros, more than expected, to 1.35 trillion euros, boosting risk-on assets such as the South African rand.
-
10 Jun 2020
Source: fin24
SA confidence at record low
Business confidence in South Africa falls to its lowest level ever recorded on the RMB/BER Business Confidence Index, which started in 1975.
-
12 Jun 2020
Source: Bloomberg News
UK economy shrinks 20%
Data shows the UK economy contracted a record 20.4% in April while in lockdown. The contraction means the nation has effectively seen almost 18 years of growth wiped out in two months.
-
16 Jun 2020
Source: Bloomberg News
UK unemployment doubles
The number of people claiming unemployment in the UK increases by more than 1.5 million in the two months through May to nearly 3 million.
-
23 Jun 2020
Source: Statistics SA
SA unemployment hits 18-year high
SA's unemployment rate jumps from 29.1. The last time unemployment was above 30.
-
1 Jul 2020
Source: Reuters
Airbus and Boeing cut staff
Following a 40% decrease in its jet production, Airbus is cutting 15 000 jobs across Europe. Boeing is cutting over 12 000 US jobs.
-
7 Jul 2020
Source: FNB and Bureau of Economic Research
Consumer confidence at 35-year low
SA's consumer confidence index drops from -9 in the first quarter to -33 during the second quarter of 2020.
-
7 Jul 2020
Source: Bloomberg News
Amazon tops $3000 a share
Amazon.com shares reach $3 000 for the first time after an extended rally.
-
15 Jul 2020
Source: Statistics SA
CPI drops to 2.1%
Growth in SA CPI prices falls to 2.1% year-on-year, its lowest level in more than 15 years as the cost of fuel declines and spending slows in lockdown.
-
22 Jul 2020
Source: Reuters
SA retail sales plummet
South Africa’s retail sales plunge by a record 50.4 in May.
-
23 Jul 2020
Source: fin24
SARB cuts by 25bps
The South African Reserve Bank announces another 25-basis points cut in the repo rate. This brings the prime commercial lending rate to 7%.
-
27 Jul 2020
Source: Moneyweb
IMF loan to SA
The IMF approves South Africa’s rapid financing instrument (RFI) of $4.3bn (about R70bn), to meet financing needs arising from the Covid-19 pandemic.
-
30 Jul 2020
Source: Bloomberg News
US economy worst since 1940s
US GDP shrinks by 32.9% annualised in the second quarter from the first, the most in quarterly records dating back to 1947.
-
30 Jul 2020
Source: AFP
Shell loses $18bn
Royal Dutch Shell posts a net loss of $18.1 billion for the second quarter, due to massive asset write-downs, and warns that job cuts are on the way.
-
31 Jul 2020
Source: Bloomberg
Euro area enters recession
The euro area contracts by 12.1 in the second quarter, while French and Italian output dropped by double digits.
-
17 Aug 2020
Source: Reuters
Japan GDP growth worst in 40 years
The world’s third-largest economy shrinks by an annualised 27.8% in April-June, the biggest decline since comparable data became available in 1980.
-
19 Aug 2020
Source: Bloomberg
Apple surpasses $2 trillion
Apple’s market value pushes past $2 trillion, the first time a US company has surpassed this level.
-
3 Sept 2020
Source: Reuters
Implats earnings up 400%
Impala Platinum’s annual earnings jump by nearly 400% after higher metal prices and a weaker rand offset the impact of the pandemic.
-
20 Oct 2020
Source: Reuters
Pick n Pay earnings fall
Pick n Pay reports a 56.3% drop in first-half profit.
-
21 Oct 2020
Source: Bloomberg
Global food prices jump 8%
Global food prices have jumped nearly 8% since May as the pandemic disrupts supply lines. Faster inflation has forced several countries’ policy makers to ease up on monetary stimulus.
-
22 Oct 2020
Source: Bloomberg
Zambia defaults on Eurobond
S&P cuts its assessment of Zambia’s debt to selective default after Zambia couldn’t meet payments and skipped a coupon on its Eurobonds.
-
27 Oct 2020
Source: Bloomberg
WeChat may stay
The Trump administration loses a bid to prohibit the TenCent-owned WeChat in the US. Tencent’s share price jumps to an intraday record in Hong Kong trading.
-
28 Oct 2020
Source: Reuters
SA state wage bill frozen
SA plans to slash its wage bill over the next three years, including a proposed pay freeze, as it earmarks massive expenditure cuts to rein in a soaring budget deficit.
-
3 Nov 2020
Source: Bloomberg
China halts Ant listing
China slams the brakes on Ant Group’s $35 billion share sale in Shanghai and Hong Kong, derailing the world’s biggest initial public offering.
-
9 Nov 2020
Source: Bloomberg
Vaccine news spin markets
News that the inoculation developed by Pfizer Inc. and BioNTech SE was more than 90% effective in preventing Covid-19 infections sends stocks formerly held back during lockdowns soaring.
-
10 Nov 2020
Source: Bloomberg
Amazon faces antitrust complaint
Amazon faces an antitrust complaint from European Union regulators that escalates an investigation into how it handles data from rival sellers on its massive online retail platform.
-
21 Nov 2020
Source: IOL
SA downgraded further
Fitch and Moody’s downgrade SA’s long-term foreign and local currency debt ratings further. Both agencies maintain a negative outlook.
-
23 Nov 2020
Source: Moneyweb
Naspers e-commerce thrives
In the six months to the end of September, Naspers’s revenue rises by nearly 30.
-
25 Nov 2020
Source: Bloomberg
Vaccine and Yellen boost stocks
Vaccine news, better-than-expected US economic data and the market-friendly selection of Janet Yellen as Treasury secretary of the US send the MSCI World Index to a record high.
-
8 Dec 2020
Source: Statistics SA
SA exits recession
The South African economy grows by an annualised rate of 66.1 in Q2. Year-on-year GDP declined 6%.
-
10 Dec 2020
Source: Reuters
SA current account in surplus
The current account records a surplus of 5.9 of GDP in the previous three months. As a percentage of GDP, it’s the highest since 1988.
-
3 Jan 2020
Source: BBC News
US kills top Iranian general
President Trump orders the killing of Iranian General Qasem Soleimani, along with other Iran-backed militia at Baghdad airport.
-
16 Jan 2020
Source: Statistics SA
SA cuts repo rate to 6.25%
The SA Reserve Bank’s Monetary Policy Committee unanimously cuts the repo rate by 25bps to 6.25 (from 0.5%).
-
23 Jan 2020
Source: Bloomberg News
China ends year in panic
The Shanghai Composite Index sinks more than 3%, the worst pre-new year drop in three decades, fuelled by panic over the outbreak of a deadly virus that locked the city of Wuhan.
-
3 Feb 2020
Source: Moneyweb
Tongaat Hulett loses 60%
The share price of Tongaat Hulett plunges more than 60% on its first day of trading since June 2019.
-
6 Feb 2020
Source: fin24
SAA cancels slew of routes
SAA cancels all of its domestic routes apart from Johannesburg to Cape Town. Its joint Business Rescue Practitioners announces staff cuts and that it’s exploring the sale of some of its assets.
-
12 Feb 2020
Source: Bloomberg News
Anglo Gold exits SA
AngloGold Ashanti sells its remaining SA assets to Harmony Gold for about $300 million (R4.4 billion at prevailing exchange rates).
-
24 Feb 2020
Source: Bloomberg
Coronavirus hits Milan
Italian stocks plummet on more than two hundred confirmed cases of coronavirus in the city of Milan.
-
3 Mar 2020
Source: Statistics SA
SA enters recession
The SA economy shrinks by 1.4 in the third quarter. This is South Africa's third recession since 1994.
-
3 Mar 2020
Source: AFP
Fed cuts rates by 50bps
The Fed slashes its key interest rate by half a point to a range of 1.0, a bigger cut than usual. It states that ‘the coronavirus poses evolving risks to economic activity’.
-
8 Mar 2020
Source: AFP
Oil wars launched
Saudi Arabia cuts its oil prices by the biggest margin in 20 years after a failed agreement with Russia over oil production. Brent crude is down to $32 a barrel.
-
9 Mar 2020
Source: AFP
Rand devalues rapidly
The rand falls to its weakest point since 2016 - R16.97 against the US dollar, above R21 to the sterling and R18.44 to the euro.
-
9 Mar 2020
Source: fin24
Sasol down on oil price drop
Sasol loses 45% of its share price value in the first few minutes of trading on the oil price collapse.
-
11 Mar 2020
Source: Statnews
WHO declares COVID-19 pandemic
The World Health Organization declares the rapidly spreading coronavirus outbreak a pandemic.
-
11 Mar 2020
Source: Reuters
BoE cuts rates
The Bank of England cuts interest rates by 25bps, the first cut outside the BoE’s normal schedule since the 2008 financial crisis.
-
12 Mar 2020
Source: Reuters
Trump bans travel from Europe
Global shares plummet after President Trump announces a temporary travel ban from Europe in an effort to curb the spread of the coronavirus.
-
12 Mar 2020
Source: Reuters
Italy closes shop
Italy, amid a deadly outbreak of Covid-19, imposes a blanket closure of restaurants, bars and almost all shops. Wall Street has its worst daily crash since 1987; some European bourses their biggest ever.
-
15 Mar 2020
Source: Aljazeera
US cuts to zero
The US Federal Reserve cuts interest rates by 100 basis points to a target range of 0. It states it will expand its balance sheet by at least $700bn in coming weeks.
-
17 Mar 2020
Source: Reuters
Philippine market shuts down
The Philippine Stock Exchange closes indefinitely and currency and bond trading are suspended - the first market shutdowns worldwide amid the Covid-19 crisis.
-
19 Mar 2020
Source: Bloomberg
SA cuts repo by 100bps
The SA Reserve Bank’s monetary policy committee unanimously decides to cut the repo rate by 100bps, the biggest cut in more than a decade.
-
23 Mar 2020
Source: SABC
SA lockdown announced
President Ramaphosa announces a nationwide lockdown – with the exception of essential services - from midnight on 26 March to curb the spread of the COVID-19 virus.
-
27 Mar 2020
Source: fin24
Moody’s downgrades SA
Moody's cites a deterioration in SA's fiscal strength for its decision to lower the country's rating to Ba1 from Baa3. The outlook remains negative.
-
14 Apr 2020
Source: Bloomberg News
AB InBev halves dividend
Anheuser-Busch InBev halves its proposed dividend, saving about $1.1 billion as the coronavirus pandemic has shut bars and cut beer drinking.
-
14 Apr 2020
Source: fin24
SARB cuts deep again
The SA Reserve Bank cuts the repo rate by 100 basis points, the second major cut in less than a month.
-
15 Apr 2020
Source: Business Insider South Africa
Gold hits R1m/kg
The gold price trades above $1,720 per ounce, making it worth over R1 million a kilogram.
-
17 Apr 2020
Source: Bloomberg News
Chinese economy shrinks
China experiences its first economic contraction in decades in the first quarter of 2020, with the pandemic leaving China reliant on fragile domestic demand to spur a recovery.
-
20 Apr 2020
Source: Bloomberg
Oil price drops below zero
In an unprecedented day of trading, the price for the West Texas Intermediate May oil futures contract trades as low as minus $40.32 with sellers ‘begging’ buyers to take delivery of cargoes.
-
21 Apr 2020
Source: Statistics SA
Business layoffs: 1 out of 5
One in five SA businesses have laid off staff due to the pandemic, according to a new Statistics SA business impact survey based on the responses of 707 businesses across all sectors of the economy.
-
21 Apr 2020
Source: Moneyweb
SA gets R500bn relief
President Ramaphosa announces a R500 billion stimulus package, to mitigate against the disruption of the pandemic.
-
24 Apr 2020
Source: fin24
Landbank defaults on debt
The Land Bank defaults on debt that was due, triggering cross-default on certain other bonds.
-
29 Apr 2020
Source: fin24
Edcon files for business rescue
Edcon commences with voluntary business rescue proceedings. About R2bn of sales are lost due to the nationwide lockdown.
-
7 May 2020
Source: Bloomberg News
US joblessness off the charts
Initial jobless claims total 3.17 million in the week ended 2 May. That brings the seven-week total to about 33.5 million.
-
7 May 2020
Source: Reuters
Chinese exports pick up
The market mood stabilises globally as Beijing reports a 3.5% rise in April exports, confounding market expectations of a sharp fall, as factories restart output after lockdown.
-
14 May 2020
Source: fin24
MTN sees data surge
MTN says it recorded a 26.4 % jump in data revenue in the quarter ended 31 March due to lockdown.
-
21 May 2020
Source: fin24
SARB cuts rates by 50bps
The Reserve Bank's monetary policy committee cuts the repo rate for the fourth time this year, from 4.25.
-
3 Jun 2020
Source: Reuters
PMI reaches record low
Markit’s PMI Index falls to 32.5 in May, its lowest level since the survey began in 2011, showing sharp declines in employment and new orders, and crumbling output due to lockdown.
-
4 Jun 2020
Source: Reuters
ECB stimulus boosts rand
The ECB increases its emergency bond purchase scheme by 600 billion euros, more than expected, to 1.35 trillion euros, boosting risk-on assets such as the South African rand.
-
10 Jun 2020
Source: fin24
SA confidence at record low
Business confidence in South Africa falls to its lowest level ever recorded on the RMB/BER Business Confidence Index, which started in 1975.
-
12 Jun 2020
Source: Bloomberg
UK economy shrinks 20%
Data shows the UK economy contracted a record 20.4% in April while in lockdown. The contraction means the nation has effectively seen almost 18 years of growth wiped out in two months.
-
16 Jun 2020
Source: Bloomberg News
UK unemployment doubles
The number of people claiming unemployment in the UK increases by more than 1.5 million in the two months through May to nearly 3 million.
-
23 Jun 2020
Source: Statistics SA
SA unemployment hits 18-year high
SA's unemployment rate jumps from 29.1. The last time unemployment was above 30.
-
1 Jul 2020
Source: Reuters
Airbus and Boeing cut staff
Following a 40% decrease in its jet production, Airbus is cutting 15 000 jobs across Europe. Boeing is cutting over 12 000 US jobs.
-
7 Jul 2020
Source: FNB and Bureau of Economic Research
Consumer confidence at 35-year low
SA's consumer confidence index drops from -9 in the first quarter to -33 during the second quarter of 2020.
-
7 Jul 2020
Source: Bloomberg News
Amazon tops $3000 a share
Amazon.com shares reach $3 000 for the first time after an extended rally.
-
15 Jul 2020
Source: Statistics SA
CPI drops to 2.1%
Growth in SA CPI prices falls to 2.1% year-on-year, its lowest level in more than 15 years as the cost of fuel declines and spending slows in lockdown.
-
22 Jul 2020
Source: Reuters
SA retail sales plummet
South Africa’s retail sales plunge by a record 50.4 in May.
-
23 Jul 2020
Source: fin24
SARB cuts by 25bps
The South African Reserve Bank announces another 25-basis points cut in the repo rate. This brings the prime commercial lending rate to 7%.
-
27 Jul 2020
Source: Moneyweb
IMF loan to SA
The IMF approves South Africa’s rapid financing instrument (RFI) of $4.3bn (about R70bn), to meet financing needs arising from the Covid-19 pandemic.
-
30 Jul 2020
Source: Bloomberg News
US economy worst since 1940s
US GDP shrinks by 32.9% annualised in the second quarter from the first, the most in quarterly records dating back to 1947.
-
30 Jul 2020
Source: AFP
Shell loses $18bn
Royal Dutch Shell posts a net loss of $18.1 billion for the second quarter, due to massive asset write-downs, and warns that job cuts are on the way.
-
31 Jul 2020
Source: Bloomberg
Euro area enters recession
The euro area contracts by 12.1 in the second quarter, while French and Italian output dropped by double digits.
-
17 Aug 2020
Source: Reuters
Japan GDP growth worst in 40 years
The world’s third-largest economy shrinks by an annualised 27.8% in April-June, the biggest decline since comparable data became available in 1980.
-
19 Aug 2020
Source: Bloomberg
Apple surpasses $2 trillion
Apple’s market value pushes past $2 trillion, the first time a US company has surpassed this level.
-
3 Sept 2020
Source: Reuters
Implats earnings up 400%
Impala Platinum’s annual earnings jump by nearly 400% after higher metal prices and a weaker rand offset the impact of the pandemic.
-
20 Oct 2020
Source: Reuters
Pick n Pay earnings fall
Pick n Pay reports a 56.3% drop in first-half profit.
-
21 Oct 2020
Source: Bloomberg
Global food prices jump 8%
Global food prices have jumped nearly 8% since May as the pandemic disrupts supply lines. Faster inflation has forced several countries’ policy makers to ease up on monetary stimulus.
-
22 Oct 2020
Source: Bloomberg
Zambia defaults on Eurobond
S&P cuts its assessment of Zambia’s debt to selective default after Zambia couldn’t meet payments and skipped a coupon on its Eurobonds.
-
27 Oct 2020
Source: Bloomberg
WeChat may stay
The Trump administration loses a bid to prohibit the TenCent-owned WeChat in the US. Tencent’s share price jumps to an intraday record in Hong Kong trading.
-
28 Oct 2020
Source: Reuters
SA state wage bill frozen
SA plans to slash its wage bill over the next three years, including a proposed pay freeze, as it earmarks massive expenditure cuts to rein in a soaring budget deficit.
-
3 Nov 2020
Source: Bloomberg
China halts Ant listing
China slams the brakes on Ant Group’s $35 billion share sale in Shanghai and Hong Kong, derailing the world’s biggest initial public offering.
-
9 Nov 2020
Source: Bloomberg
Vaccine news spin markets
News that the inoculation developed by Pfizer Inc. and BioNTech SE was more than 90% effective in preventing Covid-19 infections sends stocks formerly held back during lockdowns soaring.
-
10 Nov 2020
Source: Bloomberg
Amazon faces antitrust complaint
Amazon faces an antitrust complaint from European Union regulators that escalates an investigation into how it handles data from rival sellers on its massive online retail platform.
-
21 Nov 2020
Source: IOL
SA downgraded further
Fitch and Moody’s downgrade SA’s long-term foreign and local currency debt ratings further. Both agencies maintain a negative outlook.
-
23 Nov 2020
Source: Moneyweb
Naspers e-commerce thrives
In the six months to the end of September, Naspers’s revenue rises by nearly 30.
-
25 Nov 2020
Source: Bloomberg
Vaccine and Yellen boost stocks
Vaccine news, better-than-expected US economic data and the market-friendly selection of Janet Yellen as Treasury secretary of the US send the MSCI World Index to a record high.
-
8 Dec 2020
Source: Statistics SA
SA exits recession
The South African economy grows by an annualised rate of 66.1 in Q2. Year-on-year GDP declined 6%.
-
10 Dec 2020
Source: Reuters
SA current account in surplus
The current account records a surplus of 5.9 of GDP in the previous three months. As a percentage of GDP, it’s the highest since 1988.
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