Sasol absorbs headwinds with strong balance sheet

Tonight, we unpack the day’s market moves with WealthStrat, examine Shoprite Holdings’ latest acquisition, discuss the increase in sugar dollar-denominated prices with Itac, celebrate Sasol’s R14 billion profit, explore data-driven farming with Omnia, and, in our Property Insights segment, we take a closer look at where South African homebuyers are…

Victoria Reuvers of WealthStrat discusses market uncertainty, higher oil prices, US debt ceiling, weaker bond yields and pressure on equities, the impact of oil at $90 a barrel on inflation, as well as the rand and JSE’s performance.

‘So very great for us to be in this position. An additional 1.1 million customers served every week – in a deflationary environment,’ says CEO Pieter Engelbrecht.

Ayabonga Cawe – Chief commissioner, Itac

Louis Strydom – Sales and marketing director, Omnia