The bank did not expect rates at such high levels for so long, but is ‘still reasonably confident and comfortable with the credit decisions we have made,' says the group CEO.
This evening we look at market developments with Herenya Capital Advisors, speak to FirstRand, Sibanye-Stillwater and Lesaka Technologies about their respective results, and in our SME of the Week we are joined by Cleopatra Tissue Products – a family-run disposable hygiene product manufacturer that has been operating for 25 years.
Petri Redelinghuys of Herenya Capital Advisors discusses the day's markets moves as we saw green across most boards, commodity counters, PGM prices, whether we can still expect a recession in the US, the interest rate decision from the ECB, and US PPI data.
This evening we look at market developments with Sasfin Wealth, talk financials with Growthpoint Properties CEO, discuss Anglo’s sale of its stake in Amplats with Anchor Capital, look at what’s behind the rising demand for SA bonds with Foord Asset Management and Standard Bank’s chief risk officer, Thabani Ndwandwe joins the Executive Lounge to discuss what he’s does in his downtime and staying motivated while being at the same company for two decades.
Sasfin's David Shapiro runs through the day's market movements, US inflation numbers, struggles within the local and global banking sector, sentiment around commodity indicators, and Anglo's money-raising efforts.
‘We are blessed with a positive trade balance with China, and that means we export more than we import. That's partly due to the quality and the reliability of the South African supplies’: Agbiz manager Wolfe Braude.
This evening we look at market movements with FNB Wealth and Investments, chat to Attacq and Libstar about their financials, and Standard Bank about the need for investing in infrastructure to boost Africa’s growth, while the Agricultural Chamber of Business weighs in on the impact of stronger trade agreements between China and South Africa on the local agri sector.
