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Show Notes
Offshore
/ US The unemployment rate edged up to 5.9% in June
/ US home prices rose by 14.6% in April, the largest gain in 30 year
/ S&P 500 closes green 7 days in a row, record is 8 days (US markets closed Monday)
/ RobinHood proposed listing ~ $40bn valuation
/ Didi Chuxing lists on NYSE, market cap $69bn & Chinese regulator blocks new accounts
Local
/ Modest Q2 for JSE, TOP0 -1.2% (+11% YTD), Fini15 +6.8% in Q2
/ SARB turned 100 last Wednesday / May saw another +R50billion trade surplus tax receipts
/ Invicta results
/ AdaptIT shareholders vote for 700c Volaris delisting offer
/ Etion results. The story is they selling LAWTrust business for R245million when the market cap of the entire company is R22million. CEO says plans to return value and delist