START YOUR DAY BETTER INFORMED – HERE’S THE LINK TO TODAY’S EPISODE OF THE BIZNEWS BREAKFAST BRIEFING: US inflation hits 9.1%, markets shudder then recover; Msimang on why Cyril must go; AfriForum crime-fighting force
It’s been a tough few months for the BizNews Share portfolio, a period requiring patience and nerve as US stock markets (where we’re focused) went through their worst stretch in half a century.
___STEADY_PAYWALL___But if there’s one thing we should have all learnt in the past couple weeks, it’s how vulnerable investors are here on the Southern tip of Africa. Because we live in a country governed (until 2024 anyway) by a corrupt bunch of hapless economic ignoramuses.
In the last three months, SA’s national currency has lost 17%, much of it in the past three weeks. That has exactly matched a historic collapse in the Nasdaq index during the same period. So, while Americans are licking their wounds, we have some solace, because in Rand terms, values haven’t budged.
Plenty more on that subject in a fortnight (July 26) during the monthly webinar where provide updates on our model share portfolios. Registering early ensures you will be reminded ahead of the event. Click here to signup. It’s only for Premium subscribers.
More for you to read today:
- U.S. Inflation Hits New Four-Decade High of 9.1%. Prices up broadly across America’s economy, with gasoline far outpacing other categories
- Surge for Penny Mordaunt in race to be Tory leader. Grassroots support gives her the edge over Rishi Sunak
- Ukraine Strike on Russian Air-Defense Unit Shows Impact of New Weapons From West. Strike is Kyiv’s latest on high-value target after Himars began arriving from the U.S.
- 12 Hours of Misery at Heathrow: Huge Crowds, Lost Bags, Endless Cancellations. A recent day at the London airport saw hundreds of delayed flights and long lines of travelers; ‘This is the new normal’
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