SA Midday Report with Shaun Murison

The JSE all-share index is trading flat today in lacklustre trade with financial and industrial indices having given up 0.18% and 0.07% respectively, while the resource index has added 0.21% in trade today.

https://www.youtube.com/watch?v=XSc4hS8vwCM&feature=youtu.be

In company news, Taste Holdings released a trading statement ahead of its interim results. Earnings per share and headline earnings are expected to be between 3c and 3.7c per share compared to earnings per share and headline earnings per share of 5.7c and 5.8c respectively, in the corresponding interim period.

As announced in the Declaration Announcement the results for the current period already include a portion of the initial expected once-off and up-front investment costs related to the Domino's Pizza roll-out and conversion.

Sentula Mining has withdrawn their cautionary announcement, as discussions in respect of alternative options to the Benicon Coal Disposal have not led to any binding commitments.

The rand slightly weaker today, trading at R10.96 to the Dollar, R17.79 to the British Pound and R14.118 to the Euro. Commodity prices remain soft with Gold trading at $1,238/oz, Platinum at $1,358/oz and Brent Crude at $98.12/barrel.

In Europe, industrial production figures showed a 1% month-on-month growth exceeding expectations for a gain of 0.6%. In the US we are expecting Preliminary Consumer sentiment data at 15:5, South African time.

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