The Week In Perspective
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Things are not looking good as we start the second half of the year. The MSCI global stock index notched its biggest first-half of a year percentage drop on record on Thursday, while the U.S. benchmark S&P 500 had its steepest percentage drop for the first six months since 1970.
The JSE all share fell 2.25% to 66,223.32 points yesterday, taking its losses for the month to 8.14% and 10.16% so far this year.
Behind the slides have been concerns over the Ukraine-Russia war, soaring inflation, higher interest rates and, more recently, a possible U.S. recession.
Stage 6 loadshedding is shredding the national mood.
While Eskom’s overpaid and bloated workforce continue to thumb their noses at management with an illegal and unprotected strike without any layoffs so far, for essential services, it’s a joke sending many from stage 6 to terminal 6 at OR Tambo.
To put the week into perspective Michael Avery is joined by Warwick Lucas, Head of Galileo Securities; Raymond Parsons, professor in the School of Business and Governance at Northwest University & Isaah Mhlanga, Chief Economist at Alex Forbes
The JSE all share fell 2.25% to 66,223.32 points yesterday, taking its losses for the month to 8.14% and 10.16% so far this year.
Behind the slides have been concerns over the Ukraine-Russia war, soaring inflation, higher interest rates and, more recently, a possible U.S. recession.
Stage 6 loadshedding is shredding the national mood.
While Eskom’s overpaid and bloated workforce continue to thumb their noses at management with an illegal and unprotected strike without any layoffs so far, for essential services, it’s a joke sending many from stage 6 to terminal 6 at OR Tambo.
To put the week into perspective Michael Avery is joined by Warwick Lucas, Head of Galileo Securities; Raymond Parsons, professor in the School of Business and Governance at Northwest University & Isaah Mhlanga, Chief Economist at Alex Forbes
