JSE Direct with Simon Brown

Market Standard 13 July 2020

July 13, 2020

Offshore

/ Germany saves. Total retail deposits rose by €22.4bn in Apr and hit fresh All-time high at €2.46tn. The volume of retail bank deposits has doubled within 18 years.

/ German production and export data disappoints as they have nobody to sell to in a lockdown world.

/ Warren Buffett’s Berkshire buys Dominion Energy natural gas assets in $10 billion deal

/ Uber buying Postmates

/ Tesla still storming higher (as is Nasdaq)

/ Gold strong

Local

/ SARB bought only R5.1billion bonds in June

/ Load shedding is back

/ Everybody wants Quantum Foods

/ Omnia results

/ Updates from Liberty 2 degrees and Growthpoint

/ Steinhoff sells Conforama

/ TFG buying JET for R480m and is looking to raise R3.95 billion in a rights offer.

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