BBB Ep 29 - Private investors' favourite shares keep rolling; Pound drops as UK raises rates most in 27 years, frets about stagflation; US unemploymen..

Despite dire warnings of the recent rebound by equities being nothing more than a rally in a bear market, the share prices of selected stocks on both the Nasdaq and JSE continue to move higher as private investors keep throwing cash at their favourites. Among the leaders are a handful of counters in the BizNews share portfolios - and one we missed, Tesla, whose price went back above $925 last night on news of its second share split in recent months - last time it was 5-for-1, this time it's 3-for-1. Headline news from abroad is dire commentary that accompanied yesterday's Bank of England's interest rate hike, its biggest increase in 27 years. That hit the pound and raised worries about the UK experiencing stagflation, the worst of all worlds, where no economic growth is accompanied by high inflation.Helen Zille calls ‘Hokaai’ on SA optimism post-2024: Nelson Mandela Bay an example of political chaos that may awaitActionSA’s Herman Mashaba on by-election results, coalitions and ejecting the ANC in 2024UK’s Bain ban an ’embarrassment to SA’s government’ – Athol WilliamsBain’s walk of shame as Hain says it must ‘feel the pain’Best of BizNews #9 – The trillion rand property collapse Learn more about your ad choices. Visit megaphone.fm/adchoices