JSE Direct with Simon Brown

MarketStandard with Dineo Tsamela & Simon Brown (06 Apr 20)

April 6, 2020

Lockdowns being extend everywhere (Spain +15 days, Italy +2 weeks, US wait and see, but likely end April)

ZAR blowing out

US jobless claims 6.6m this week Unemployment at 4.4%, non-farm payroll down 701k jobs (first down in a decade), -100k expected Numbers don’t add up, latter is only to mid March

Lots of lagging data, two issues here, one is data coming out at record worst, and even just a 1 month delay makes data largely useless

Woolies update

Famous Brands bails on GBK

Spur suspends franchise fees amid Covid-19 closures

Nampak gets their R1.5billion for selling glass biz

Anchor reports record demand for fixed-income assets

British American Tobacco working on COVID-19 vaccine

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