The former Johannesburg mayor has 18 months to build a movement and a team to compete in the 2021 municipal elections, writes Adriaan Basson.
More sun than clouds. Mild.
The JSE pared earlier losses and climbed towards the end of the day to eventually close firmer on Friday.
More focus will be on the press conference following the interest rate decision for more clues on how the Fed plans to help spur economic growth given that the ECB has already taken on quantitative easing.
US President Donald Trump has discussed firing Federal Reserve Chair Jerome Powell as his frustration with the central bank chief intensified following this week’s interest-rate increase and months of stock-market losses, according to four people familiar with the matter.
European stocks opened higher, with London up 1.0% as rallying oil prices lifted shares across the commodities sector and as a sliding pound boosted exporters.
We know that fake news played a role in the election of US President Donald Trump and the outcome of the Brexit referendum. But it is also being used to influence stock markets.
Wall Street stocks have opened slightly higher ahead of the release of the US Federal Reserve meeting minutes.
European stock markets have fallen slightly, with losses accelerating after the US said its economy has recorded its biggest contraction in five years.
Shares on the JSE tracked mostly lower on Thursday before closing softer as the Reserve Bank delivered its Monetary Policy Committee statement
The JSE shrugged off the pessimism in other global indices as it surged higher on Monday.
The JSE closed weaker on Tuesday following a relatively mixed session where the local index struggled for direction.
Equities on the JSE closed the day softer ahead of the mini budget on Wednesday.
Europe's main stock markets have ended the week in an upbeat mood, with the UK topping a new high and Wall Street modestly higher on the back of favourable results from banks.
Hot money management firm 36One’s co-founder Cy Jacobs is negative on SA Inc, especially consumer-facing businesses exposed to the local market.
It is diffcult to believe that invitations to invest in unlisted shares are being issued without audited figures or annual reports, writes Marc Hasenfuss.
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