If we are serious about growing the economy and creating jobs, we need to support these young people – even though they don't seem to expect any help or handouts, writes Melanie Verwoerd.
Showers late. More sun than clouds. Mild.
Markets in Asia did have some direction primarily on the back of weaker than expected Chinese GDP numbers which fell to a 30-year low of 6.0% QoY.
The JSE also shrugged off earlier momentum from Chinese markets which rallied on the optimism of a partial trade deal. The rand held on to its gains as it peaked at a session high of R14.72/$ before it was recorded trading 0.01% firmer at R14.79/$ at 17:00.
The JSE retreated on Wednesday despite a broad-based rebound across the major global markets on the back of positive news from Chinese officials.
With the Chinese markets still closed for a holiday, the Hang Seng and Nikkei lost 0.19% and 0.49% respectively as they reacted to worse than expected US economic data.
The greenback strengthened against a basket of major currencies which saw it peak as high as 99.46 index points on the US dollar index.
The rand lost 30% of its value compared to the US dollar since 2014.
The local currency traded in a range between R14.60 and R14.74 to the greenback on Wednesday.
The rand closed at R14.74/$ on Monday.
The local currency strengthened significantly on Wednesday to record its best day in weeks.
The local bourse shrugged off gains that were recorded in Europe and the United States of America following the announcement that the United Kingdom and European Union had agreed on a Brexit deal.
With the United States earnings reporting season having kicked off today following the release of earnings from some of the major banks, investors shifted their focus to the health of the US companies.
Reactions to the headlines about the trade war have become fickle as the tension has been drawn out, however there seems to be an elevated sense of optimism that the current talks will yield a partial deal.
The local currency fell on news China may be reluctant to accept comprehensive trade deal with the Trump administration.
With Chinese markets closed for a holiday, there was little sentiment filtering from that market. In Japan, the Nikkei eventually closed 0.59% firmer.
Petrol prices have increased by 15% so far this year.
Gold and other precious metals rallied on Monday after a strike against Saudi Arabian oil facilities raised the possibility of retaliatory US military action in the Middle East.
The local currency has strengthened to its best level in more than a month.
The rand closed at R14.74/$ on Friday.
Here's how the day wrapped up.
Cape Town Northern SuburbsHill AppointmentsR8 000.00 - R12 000.00 Per Month
ClaremontmPower People Solutions
WynbergBaraka IT Solutions (Pty) Ltd
R 1 849 000
R 1 695 000
R 8 750 000
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