Events that moved the market Q4 2019
-
24 Jan 2019
Source: Bloomberg News
US jobless claims at 49-yr low
US unemployment benefits fall to the lowest level since 1969.
-
15 Feb 2019
Source: SACCI
Trade at lowest point this century
The South African Trade Activity Index is at its lowest level since inception of the survey in 2000. The previous lowest level for the Index was 32 in April 2009, just after the great financial crisis.
-
26 Feb 2019
Source: BusinessLive
Tongaat Hulett falls bitterly
Tongaat Hulett’s share price plunges to its worst level since 1993, after announcing that headline earnings in the year to March will probably fall by at least 250%.
-
5 Mar 2019
Source: Reuters
SA economy grows by 1.4%
South Africa‘s economy expands by 1.4.
-
13 Mar 2019
Source: Bloomberg
SA business confidence drops further
More than two thirds of SA businesses surveyed are now dissatisfied with current conditions. Sentiment among retailers and builders fell the most.
-
16 Mar 2019
Source: BusinessLive
Load-shedding jumps to next level
Tropical cyclone Idai in Mozambique plunges South Africa into stage 4 load-shedding.
-
22 Mar 2019
Source: Bloomberg
US yield curve inverts
The Treasury yield curve inverts for the first time since the great financial crisis. A yield curve inversion is widely regarded as a potential sign of an impending recession and rate-cutting cycle.
-
25 Mar 2019
Source: Forbes
Naspers heads for Amsterdam
Naspers announces that it will separately list its internet businesses, including Tencent, in Amsterdam. This should unlock value for investors.
-
26 Apr 2019
Source: Bloomberg News
US marches on
US GDP expands at a 3.2.
-
11 May 2019
Source: news24.com
ANC continues to lead
The IEC declares the 2019 SA elections free and fair and the rand strengthens on the outcome: The ANC gains the national victory with a 57.51% majority vote. It also takes all provinces, except the Western Cape, where the DA stays in control.
-
17 May 2019
Source: NY Magazine
Start of the cell wars
The Trump administration blacklists Huawei, accusing the company of aiding Beijing in espionage.
-
4 Jun 2019
Source: Statistics SA
SA growth negative
SA's economy shrinks by 3.2% in the first quarter of 2019, the biggest contraction in a decade. Some of the reasons are weak consumer demand, load shedding and recurring falls in mining production.
-
10 Jun 2019
Source: Business Insider
Tongaat Hulett listing suspended
Tongaat asks that its listings be suspended because of accounting irregularities. More than 5000 employees receive retrenchment notices.
-
18 Jun 2019
Source: fin24
Steinhoff loss stands at nearly R20bn
Steinhoff posts a loss of €1.19bn (more than R19 billion) for the year ended September 2018.
-
18 Jun 2019
Source: The Guardian
Facebook launches Libra
Facebook announces a digital currency, Libra, that will allow its users to make financial transactions across the globe. US lawmakers raise privacy concerns.
-
24 Jun 2019
Source: Euronews
US ups the ante against Iran
Trump signs an executive order for additional sanctions against Iran's Supreme Leader Ayatollah Ali Khamenei, Foreign minister Javad Zarif, and eight Revolutionary Guard commanders.
-
24 Jun 2019
Source: Business Day
MultiChoice cuts 2000 jobs
MultiChoice, formerly part of Naspers, announces that up to 2194 employees may lose their jobs in a restructuring of its customer service model.
-
29 Jun 2019
Source: BBC
US, China resume trade talks
US President Donald Trump and China's President Xi Jinping reach an agreement at the G20 summit in Japan to continue trade talks.
-
3 Jul 2019
Source: Reuters
German bond yields brush record low
Germany’s 10-year Bund yields are just off a historic low of minus 0.39%.
-
15 Jul 2019
Source: AFP
China grows at 6.2%
China's economy grows by 6.2% in the second quarter, the lowest figure since the early 1990s, and in line with forecasts.
-
18 Jul 2019
Source: fin24
SA rate cut
The SA Reserve Bank cuts the benchmark repo rate by 25 basis points to 6.5 p.a.
-
9 Oct 2019
Source: Reuters
SA business confidence improves
The Sacci monthly business confidence index (BCI) rises to 92.4 in September from a 34-year low of 89.1 in August.
-
28 Oct 2019
Source: fin24
Sasol CEOs quit
The joint CEOs of Sasol resign on completion of an independent review of the company’s disastrous Lake Charles project. The share price lost 44% of its value over the past year.
-
29 Oct 2019
Source: Statistics SA
SA unemployment at 11-year high
South Africa’s unemployment rate stands at 29.1%. The country has 6.7 million people without jobs.
-
29 Oct 2019
Source: Bloomberg
SA announces plan for Eskom
Eskom’s transmission unit will be hived off while remaining under the control of a state holding company, making it easier for private generators to supply the national grid.
-
30 Oct 2019
Source: MoneyWeb
Tito talks tough
In his 2019 mini-Budget statement, Minister Mboweni announces that talks have begun to find equity partners for SAA; SA is expected to grow by 0.5 of GDP. Wage freezes at certain levels of government are introduced.
-
1 Nov 2019
Source: fin24
SA put on negative watch
Moody’s downgrades the outlook for its credit rating of the South African government from ‘stable’ to ‘negative’.
-
5 Nov 2019
Source: Reuters
US stocks hit record highs
The S&P 500, the Nasdaq and the Dow hit record highs, after US officials indicated on 1 Nov that a trade deal with China could be signed during November.
-
5 Nov 2019
Source: Bloomberg News
Consumer confidence down
The FNB/BER consumer confidence index falls to -7 in the third quarter from 5 in the previous three-month period. The steep decline mirrors the RMB/BER business confidence index, which sank to a 20-year low of 21 index points, from 28 in the second quarter.
-
8 Nov 2019
Source: City Press
Cyril’s investment drive raises R363bn
President Ramaphosa confirms that government’s 2019 investment summit resulted in R363 billion being committed to South Africa. This is on top of the R300 billion in commitments secured during last year’s drive.
-
11 Nov 2019
Source: Bloomberg
SAA jobs on the line
South African Airways kicks off a restructuring process that could lead to almost a fifth of its staff members losing their jobs. Unions respond with a strike demanding no job losses and an 8% wage increase.
-
19 Nov 2019
Source: Reuters
US-China tension reignites
The US Senate approves legislation to protect human rights in Hong Kong, widening the divide between the US and China.
-
20 Nov 2019
Source: Statistics SA
CPI at 8-year low
SA consumer price inflation falls to 3.7%, the lowest level since 2011.
-
21 Nov 2019
Source: fin24
Growth outlook for 2019 flat
The South African Reserve Bank keeps the repo rate unchanged at 6.5.
-
3 Dec 2019
Source: Statistics SA
SA economy shrinks again
The SA economy contracts by 0.6 in the second quarter of the year and shrinking by 3.2% in the first quarter.
-
9 Dec 2019
Source: Reuters
Prasa placed under administration
The Ministry of Transport places state-owned Passenger Rail Agency South Africa (Prasa) under administration and dissolves the interim board.
-
9 Dec 2019
Source: Reuters
Eskom shocks nation
Eskom implements stage 6 load shedding for the first time in history.
-
10 Dec 2019
Source: Moneyweb
Tongaat loses billions
Tongaat Hulett is forced to write down nearly R12bn of equity, most of it originating from land expropriation in Zimbabwe and deferred tax assets not recognised by Zimbabwean law.
-
13 Dec 2019
Source: Bloomberg
Trade deal boosts US markets
An interim trade deal between China and the US sends the S&P 500 and Nasdaq to record highs.
-
19 Dec 2019
Source: fin24.com
Hawks arrest Eskom execs
Two senior managers at Eskom and two businessmen appear in court on charges of corruption, fraud and money laundering.
-
20 Dec 2019
Source: BBC
MPs back Johnson’s Brexit
A majority of 124 MPs back Prime Minister Boris Johnson's plan for the UK to leave the EU on 31 January. The EU (Withdrawal Agreement) Bill also bans an extension of the transition period past 2020.
-
24 Jan 2019
Source: Bloomberg News
US jobless claims at 49-yr low
US unemployment benefits fall to the lowest level since 1969.
-
15 Feb 2019
Source: SACCI
Trade at lowest point this century
The South African Trade Activity Index is at its lowest level since inception of the survey in 2000. The previous lowest level for the Index was 32 in April 2009, just after the great financial crisis.
-
26 Feb 2019
Source: BusinessLive
Tongaat Hulett falls bitterly
Tongaat Hulett’s share price plunges to its worst level since 1993, after announcing that headline earnings in the year to March will probably fall by at least 250%.
-
5 Mar 2019
Source: Reuters
SA economy grows by 1.4%
South Africa‘s economy expands by 1.4.
-
13 Mar 2019
Source: Bloomberg
SA business confidence drops further
More than two thirds of SA businesses surveyed are now dissatisfied with current conditions. Sentiment among retailers and builders fell the most.
-
16 Mar 2019
Source: BusinessLive
Load-shedding jumps to next level
Tropical cyclone Idai in Mozambique plunges South Africa into stage 4 load-shedding.
-
22 Mar 2019
Source: Bloomberg
US yield curve inverts
The Treasury yield curve inverts for the first time since the great financial crisis. A yield curve inversion is widely regarded as a potential sign of an impending recession and rate-cutting cycle.
-
25 Mar 2019
Source: Forbes
Naspers heads for Amsterdam
Naspers announces that it will separately list its internet businesses, including Tencent, in Amsterdam. This should unlock value for investors.
-
26 Apr 2019
Source: Bloomberg News
US marches on
US GDP expands at a 3.2.
-
11 May 2019
Source: news24.com
ANC continues to lead
The IEC declares the 2019 SA elections free and fair and the rand strengthens on the outcome: The ANC gains the national victory with a 57.51% majority vote. It also takes all provinces, except the Western Cape, where the DA stays in control.
-
17 May 2019
Source: NY Magazine
Start of the cell wars
The Trump administration blacklists Huawei, accusing the company of aiding Beijing in espionage.
-
4 Jun 2019
Source: Statistics SA
SA growth negative
SA's economy shrinks by 3.2% in the first quarter of 2019, the biggest contraction in a decade. Some of the reasons are weak consumer demand, load shedding and recurring falls in mining production.
-
10 Jun 2019
Source: Business Insider
Tongaat Hulett listing suspended
Tongaat asks that its listings be suspended because of accounting irregularities. More than 5 000 employees receive retrenchment notices.
-
18 Jun 2019
Source: fin24
Steinhoff loss stands at nearly R20bn
Steinhoff posts a loss of €1.19bn (more than R19 billion) for the year ended September 2018.
-
18 Jun 2019
Source: The Guardian
Facebook launches Libra
Facebook announces a digital currency, Libra, that will allow its users to make financial transactions across the globe. US lawmakers raise privacy concerns.
-
24 Jun 2019
Source: Euronews
US ups the ante against Iran
Trump signs an executive order for additional sanctions against Iran's Supreme Leader Ayatollah Ali Khamenei, Foreign minister Javad Zarif, and eight Revolutionary Guard commanders.
-
24 Jun 2019
Source: Business Day
MultiChoice cuts 2000 jobs
MultiChoice, formerly part of Naspers, announces that up to 2194 employees may lose their jobs in a restructuring of its customer service model.
-
29 Jun 2019
Source: BBC
US, China resume trade talks
US President Donald Trump and China's President Xi Jinping reach an agreement at the G20 summit in Japan to continue trade talks.
-
3 Jul 2019
Source: Reuters
German bond yields brush record low
Germany’s 10-year Bund yields are just off a historic low of minus 0.39%.
-
15 Jul 2019
Source: AFP
China grows at 6.2%
China's economy grows by 6.2% in the second quarter, the lowest figure since the early 1990s, and in line with forecasts.
-
18 Jul 2019
Source: fin24
SA rate cut
The SA Reserve Bank cuts the benchmark repo rate by 25 basis points to 6.5 p.a.
-
9 Oct 2019
Source: Reuters
SA business confidence improves
The Sacci monthly business confidence index (BCI) rises to 92.4 in September from a 34-year low of 89.1 in August.
-
28 Oct 2019
Source: fin24
Sasol CEOs quit
The joint CEOs of Sasol resign on completion of an independent review of the company’s disastrous Lake Charles project. The share price lost 44% of its value over the past year.
-
29 Oct 2019
Source: Statistics SA
SA unemployment at 11-year high
South Africa’s unemployment rate stands at 29.1 %. The country has 6.7 million people without jobs.
-
29 Oct 2019
Source: Bloomberg
SA announces plan for Eskom
Eskom’s transmission unit will be hived off while remaining under the control of a state holding company, making it easier for private generators to supply the national grid.
-
30 Oct 2019
Source: MoneyWeb
Tito talks tough
In his 2019 mini-Budget statement, Minister Mboweni announces that talks have begun to find equity partners for SAA; SA is expected to grow by 0.5 of GDP. Wage freezes at certain levels of government are introduced.
-
1 Nov 2019
Source: fin24
SA put on negative watch
Moody’s downgrades the outlook for its credit rating of the South African government from ‘stable’ to ‘negative’.
-
5 Nov 2019
Source: Reuters
US stocks hit record highs
The S&P 500, the Nasdaq and the Dow hit record highs, after US officials indicated on 1 Nov that a trade deal with China could be signed during November.
-
5 Nov 2019
Source: Bloomberg News
Consumer confidence down
The FNB/BER consumer confidence index falls to -7 in the third quarter from 5 in the previous three-month period. The steep decline mirrors the RMB/BER business confidence index, which sank to a 20-year low of 21 index points, from 28 in the second quarter.
-
8 Nov 2019
Source: City Press
Cyril’s investment drive raises R363bn
President Ramaphosa confirms that government’s 2019 investment summit resulted in R363 billion being committed to South Africa. This is on top of the R300 billion in commitments secured during last year’s drive.
-
11 Nov 2019
Source: Bloomberg
SAA jobs on the line
South African Airways kicks off a restructuring process that could lead to almost a fifth of its staff members losing their jobs. Unions respond with a strike demanding no job losses and an 8% wage increase.
-
19 Nov 2019
Source: Reuters
US-China tension reignites
The US Senate approves legislation to protect human rights in Hong Kong, widening the divide between the US and China.
-
20 Nov 2019
Source: Statistics SA
CPI at 8-year low
SA consumer price inflation falls to 3.7%, the lowest level since 2011.
-
21 Nov 2019
Source: fin24
Growth outlook for 2019 flat
The South African Reserve Bank keeps the repo rate unchanged at 6.5.
-
3 Dec 2019
Source: Statistics SA
SA economy shrinks again
The SA economy contracts by 0.6 in the second quarter of the year and shrinking by 3.2% in the first quarter.
-
9 Dec 2019
Source: Reuters
Prasa placed under administration
The Ministry of Transport places state-owned Passenger Rail Agency South Africa (Prasa) under administration and dissolves the interim board.
-
9 Dec 2019
Source: Reuters
Eskom shocks nation
Eskom implements stage 6 load shedding for the first time in history.
-
10 Dec 2019
Source: Moneyweb
Tongaat loses billions
Tongaat Hulett is forced to write down nearly R12bn of equity, most of it originating from land expropriation in Zimbabwe and deferred tax assets not recognised by Zimbabwean law.
-
13 Dec 2019
Source: Bloomberg
Trade deal boosts US markets
An interim trade deal between China and the US sends the S&P 500 and Nasdaq to record highs.
-
19 Dec 2019
Source: fin24.com
Hawks arrest Eskom execs
Two senior managers at Eskom and two businessmen appear in court on charges of corruption, fraud and money laundering.
-
20 Dec 2019
Source: BBC
MPs back Johnson’s Brexit
A majority of 124 MPs back Prime Minister Boris Johnson's plan for the UK to leave the EU on 31 January. The EU (Withdrawal Agreement) Bill also bans an extension of the transition period past 2020.
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