JSE Direct with Simon Brown

Market Standard 31 August 2020

Aug. 31, 2020

Offshore
/ Tesla and Apple stock split today

/ Changes to the dow Jones; Salesforce.com will replace Exxon Mobil, Amgen will replace Pfizer and Honeywell International will replace Raytheon Technologies

/ Reports that Walmart and Microsoft liked up to buy TicTok

/ ADP Employment Report on Wednesday

/ New Zealand exchange closes three times last week after cyber attacks

/ CNBC reports that U.S. tech stocks are now worth more than the entire European stock market


Local
/ Discovery updated update spooks markets

/ Famous Brands sells Tashas back to founder

/ Nedbank results (we now have 3 of the big 4)

/ Italtile results (still spending R800m on capex a year)

/ Northam results, great albeit 60% of their PGM basket is platinum. Buying back Zambezi pref shares.

/ Murray and Roberts results. Was a tough year but doing alright before the pandemic hit in March.

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