Market Indicators
USD/ZAR: 17.37 🔽 EUR/ZAR: 20.39 🔽 AUD/ZAR: 11.56 🔽 GBP/ZAR: 23.56 🔽 Brent Crude: $66.97 / R1,162 per barrel 🔽 Gold (Au): $3,544 / R63,081 per t.oz 🔼 BTC: R2,000,733 / $115,200 🔼
US tariffs have hit RSA HARD, slashing auto exports and straining agriculture. Inflation and rand volatility PERSIST, but Mzansi’s stock market is up 27.23% year-on-year, and Q2 ECONOMIC growth rose nearly 1%. In the US, flat futures followed record HIGHS, driven by Fed rate cut HOPES. August inflation rose 0.4%, jobless claims HIT 263K, and markets now EXPECT a September cut. There are also signs of common sense EMERGING in GNU — it’s imperative to align with the US on trade to reduce tariffs and diversify trade and invest steadily to build RESILIENCE.
3 dams RIPPLE effect.
Read it here: https://geographical.co.uk/news/why-chinas-new-dam-will-cast-ripple-effects-far-beyond-the-country
MARS life?
Read it here: https://www.bbc.com/news/articles/cd725pj0g9ro
Virgin BIRTH.
Read it here: https://www.cbsnews.com/news/iguana-virgin-birth-uk-zoo-rare-event-animal-kingdom/
800 years of SILENCE.
Read it here:https://abcnews.go.com/International/wireStory/after-800-years-silence-oldest-pipe-organ-christian-125398340
INTEREST: Spain has the OLDEST restaurant in the world still operating — Sobrino de Botín, in Madrid, founded in 1725. It’s even recognised by the Guinness World Records. Fun fact: the restaurant’s oven has supposedly NEVER gone cold since it opened, so every roast cooked there carries a bit of HISTORY in its flavour!
Have a great weekend
“We do not see things as THEY are, we see them as WE are.” – Anaïs Nin
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