Events that moved the market Q2 2021
-
7 Apr 2021
Source: Reuters
Prosus to sell 2% of Tencent
Prosus plans to sell a 2. This could potentially be the biggest block trade on record.
-
8 Apr 2021
Source: Moneyweb
SA crypto exchange liquidated
Crypto exchange iCE3 initiates liquidation after suspending trading soon after it discovered account discrepancies. iCE3 was established in 2013 and is one of the oldest exchanges in the country.
-
13 April 2021
Source: Moneyweb
Capitec clients hit by Covid
Capitec sees net credit impairments rise 75 falloff in total loans advanced and disbursements. Net income has dropped 9%.
-
13 April 2021
Source: Bloomberg
Bitcoin hits all-time high
Bitcoin jumps to an all-time high as the mood in cryptocurrencies turn bullish before Coinbase Global goes public.
-
21 April 2021
Source: Bloomberg
Palladium at new peak
The price of palladium, used to curb emissions, surpasses the previous record set in February 2020. Prices have climbed more than 17% this year, building on five straight annual gains.
-
5 May 2021
Source: Bloomberg
SA budget deficit surprises
SA records a shortfall of 11.2 of GDP presented during the Budget speech.
-
12 May 2021
Source: BBC
Tesla makes U-turn on Bitcoin
Musk cites concerns about ‘rapidly increasing use of fossil fuels for Bitcoin mining’ and Tesla suspends vehicle purchases using Bitcoin. Bitcoin mining is consuming 66 times more electricity than in 2015.
-
12 May 2021
Source: Trading Economics
US inflation soars to 4.2%
The annual inflation rate in the US soars to 4.2 in March and well above market forecasts of 3.6%. It is the highest reading since September 2008.
-
14 May 2021
Source: Bloomberg
Sasol sells Mozambique gas stake
Sasol agrees to sell a 30% stake in a natural gas pipeline running from Mozambique to South Africa. The deal is part of an accelerated asset-sale program to reduce debt.
-
14 May 2021
Source: Reuters
TFG flags 85% profit drop
Hurt by Covid-19-led lockdowns across its markets, TFG flags an up to 85% decline in full-year profit.
-
17 May 2021
Source: Reuters
SA launches phase 2 vaccinations
South Africa launches phase two of its vaccine rollout with the aim of inoculating five million citizens aged over 60 by the end of June.
-
18 May 2021
Source: Moneyweb
Heineken eyes Distell
After years of speculation of a possible deal between the world’s second largest beer group Heineken and South Africa’s Distell, the two groups announce they’ve entered into discussions.
-
20 May 2021
Source: National Treasury
Repo rate stays at 3.5%
The South African Reserve Bank (SARB) announced the repo rate will stay at 3.5%. The MPC’s vote was unanimous. Nevertheless, the SARB warns of possible rate hikes later this year.
-
25 May 2021
Source: Bloomberg
Eskom sheds debt
Minister Gorhan announces that Eskom has reduced its debt by almost a fifth after repaying matured loans and benefiting from a strong exchange rate.
-
1 June 2021
Source: Statistics SA
SA unemployment at 32.6%
South Africa’s unemployment rate rises to a new record high of 32.6% in the first quarter of 2021. Most of the job losses were in construction.
-
4 June 2021
Source: CNBC
US jobs coming back
The US unemployment rate fell to 5.8. Hospitality again led job creation, with 292 000 new positions.
-
5 June 2021
Source: Moneyweb
G7 agrees on minimum tax
The G7 agrees on a two-pillar global tax solution. Under Pillar 1 the most profitable multinationals will pay tax in the countries where they operate. Under Pillar 2, the minimum tax rate will be at least 15%.
-
8 June 2021
Source: Statistics SA
SA economy in recovery
SA GDP grows by 1) in the three months through March from the previous quarter. However, GDP contracted 3.2% year-on-year, which means output is still down from a year ago.
-
10 June 2021
Source: Moneyweb
SA allows 100MW of own power
In a surprise move, President Ramaphosa announces that the government will increase the generation threshold for companies to produce their own electricity without a licence to 100MW.
-
22 June 2021
Source: BER Bureau for Economic Research
Retailer confidence at 6-year high
Retailer confidence leaps to a six-year high of 54 points in the second quarter. That’s up from 37 points in the first quarter.
-
22 June 2021
Source: Naspers/Moneyweb
Naspers trading profit up 45%
Naspers’ annual results show that company revenue grew by 32 to $5.6 billion.
-
23 June 2021
Source: Statistics SA
Inflation jumps to 5.2%
Consumer Price Index (CPI) accelerates to 5.2 in April. The biggest driver of the increase in CPI is the price of fuel, which is 37% more expensive than it was a year ago.
-
28 June 2021
Source: eNCA
SA re-enters lockdown level 4
SA re-enters lockdown level 4 with amended restrictions, effectively closing down alcohol-related industries, hospitality and tourism.
-
7 April 2021
Source: Reuters
Prosus to sell 2% of Tencent
Prosus plans to sell a 2. This could potentially be the biggest block trade on record.
-
8 April 2021
Source: Moneyweb
SA crypto exchange liquidated
Crypto exchange iCE3 initiates liquidation after suspending trading soon after it discovered account discrepancies. iCE3 was established in 2013 and is one of the oldest exchanges in the country.
-
13 April 2021
Source: Moneyweb
Capitec clients hit by Covid
Capitec sees net credit impairments rise 75 falloff in total loans advanced and disbursements. Net income has dropped 9%.
-
13 April 2021
Source: Bloomberg
Bitcoin hits all-time high
Bitcoin jumps to an alltime high as the mood in cryptocurrencies turn bullish before Coinbase Global goes public.
-
21 April 2021
Palladium at new peak
Palladium at new peak
The price of palladium, used to curb emissions, surpasses the previous record set in February 2020. Prices have climbed more than 17% this year, building on five straight annual gains.
-
5 May 2021
Source: Bloomberg
SA budget deficit surprises
SA records a shortfall of 11.2 of GDP presented during the Budget speech.
-
12 May 2021
Source: BBC
Tesla makes U-turn on Bitcoin
Musk cites concerns about ‘rapidly increasing use of fossil fuels for Bitcoin mining’ and Tesla suspends vehicle purchases using Bitcoin. Bitcoin mining is consuming 66 times more electricity than in 2015.
-
12 May 2021
Source: Trading Economics
US inflation soars to 4.2%
The annual inflation rate in the US soars to 4.2 in March and well above market forecasts of 3.6%. It is the highest reading since September 2008.
-
14 May 2021
Source: Bloomberg
Sasol sells Mozambique gas stake
Sasol agrees to sell a 30% stake in a natural gas pipeline running from Mozambique to South Africa. The deal is part of an accelerated asset-sale program to reduce debt.
-
14 May 2021
Source: Reuters Source
TFG flags 85% profit drop
Hurt by Covid-19-led lockdowns across its markets, TFG flags an up to 85% decline in full-year profit.
-
17 May 2021
Source: Reuters
SA launches phase 2 vaccinations
South Africa launches phase two of its vaccine rollout with the aim of inoculating five million citizens aged over 60 by the end of June.
-
18 May 2021
Source: Moneyweb
Heineken eyes Distell
After years of speculation of a possible deal between the world’s second largest beer group Heineken and South Africa’s Distell, the two groups announce they’ve entered into discussions.
-
20 May 2021
Source: National Treasury
Repo rate stays at 3.5%
The South African Reserve Bank (SARB) announced the repo rate will stay at 3.5%. The MPC’s vote was unanimous. Nevertheless, the SARB warns of possible rate hikes later this year.
-
25 May 2021
Source: Bloomberg
Eskom sheds debt
Minister Gorhan announces that Eskom has reduced its debt by almost a fifth after repaying matured loans and benefiting from a strong exchange rate.
-
1 June 2021
Source: Statistics SA
SA unemployment at 32.6%
South Africa’s unemployment rate rises to a new record high of 32.6% in the first quarter of 2021. Most of the job losses were in construction.
-
4 June 2021
Source: CNBC
US jobs coming back
The US unemployment rate fell to 5.8. Hospitality again led job creation, with 292 000 new positions.
-
5 June 2021
Source: Moneyweb
G7 agrees on minimum tax
The G7 agrees on a two-pillar global tax solution. Under Pillar 1 the most profitable multinationals will pay tax in the countries where they operate. Under Pillar 2, the minimum tax rate will be at least 15%.
-
8 June 2021
Source: Statistics SA
SA economy in recovery
SA GDP grows by 1) in the three months through March from the previous quarter. However, GDP contracted 3.2% year-onyear, which means output is still down from a year ago.
-
10 June 2021
Source: Moneyweb
SA allows 100MW of own power
In a surprise move, President Ramaphosa announces that the government will increase the generation threshold for companies to produce their own electricity without a licence to 100MW.
-
22 June 2021
Source: BER Bureau for Economic Research
Retailer confidence at 6-year high
Retailer confidence leaps to a six-year high of 54 points in the second quarter. That’s up from 37 points in the first quarter.
-
22 June 2021
Source: Naspers/Moneyweb
Naspers trading profit up 45%
Naspers’ annual results show that company revenue grew by 32 to $5.6 billion.
-
23 June 2021
Source: Statistics SA
Inflation jumps to 5.2%
Consumer Price Index (CPI) accelerates to 5.2 in April, The biggest driver of the increase in CPI is the price of fuel, which is 37% more expensive than it was a year ago.
-
28 June 2021
Source: eNCA
SA re-enters lockdown level 4
SA re-enters lockdown level 4 with amended restrictions, effectively closing down alcohol-related industries, hospitality and tourism.
Please click here to download the pdf version.
Related Articles
No related photos.
Comments are closed.