STANLIB Weekly Focus

Weekly Focus

STANLIB keeps you in touch with the latest investment news:

  • Market, economic and investment commentary.
  • Unit trust performance updated every week.

Weekly Focus (11/02/2019)
Weekly Performance Update (01/08/2019)

Economic Weekly

  • SA’s second quarter unemployment rate rose to 29% from 27.6% in Q1, the highest level since the data series started, reflecting the economy’s weakness.
  • SA’s gross tax revenues for June came in at R141.3 billion. This is 10.4% below the annual growth that is required to achieve the budgeted tax revenue for 2019/20.
  • SA recorded a trade surplus of R4.4 billion in June, largely due to a decline in imports. Unfortunately, exports also declined, hurt by the slowdown in global trade.
  • The US added 164 000 jobs in July, while the unemployment rate remained unchanged at 3.7%. Solid but unexciting labour market report.
  • China's official manufacturing PMI rose marginally in July to 49.7 index points, but has been below the neutral 50 index level for three consecutive months.
  • Please follow our regular economic updates on twitter @lingskevin

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