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GBPUSD TECHS

Bearish Threat Still Present

EURUSD TECHS

Gains Considered Corrective

EQUITIES

Mixed

ASIA RATES

China Adds Liquidity First Time Since March

EUROSTOXX50 TECHS

(U1) Monitoring The Bearish Engulfing Candle

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  • *SOUTH AFRICA SELLS 51% STAKE IN STATE AIRLINE TO GLOBAL, HARITH
  • SOUTH AFRICAN AIRWAYS MAJORITY STAKE SOLD TO LOCAL INVESTORS
  • SOUTH AFRICAN GOVERNMENT TO RETAIN MINORITY STAKE IN AIRLINE
  • SOUTH AFRICAN AIRWAYS TO BE LISTED AT A FUTURE DATE
  • The minority stake for govt was noted yesterday, but this is the first naming of the equity partner
  • SAA has been a major drag on the fiscus, necessitating numerous bailouts. The hope is that now post-business rescue the airline will be less depending on Govt funding