Bailout Nation

  Market Scorecard Last night our President announced a Covid-19 stimulus package of R500 billion, which is around 10% of our GDP. These funds will be used to support those in need, and at the same time try to ensure continued economic activity. In the US, their Senate passed a further relief bill of $484 … Continue reading Bailout Nation

It’s a Raining Oil

  Market Scorecard It has been an action packed 24 hours. The biggest news is that West Texas Intermediate (WTI), the US version of Brent crude, went negative last night. Imagine going to the petrol station and getting paid for filling up your car (Michael's Musings gives further details below). Then Asian markets are jittery … Continue reading It’s a Raining Oil

Instawham!

  Market Scorecard Yesterday there were trading updates from a couple of South African mining companies; ties in nicely with the mining indaba happening in Cape Town this week. For both Impala Platinum and Anglo Gold, they have swung from being loss-making last year to making profits this year. Management of both companies have been … Continue reading Instawham!