Tuesday, 20 October 2015

Top Tweets Today: 20/10/2015

South Africa's economy has been lacklustre for a few years now so when the SARB governor Lesetja Kganyago  said that economic growth is looking vulnerable. He also said that investment spending is being putting on hold on account of the electricity shortages that has hit the nation.

The currency, rand, has hit all time lows against major currencies such as the pound, dollar and euro which does present a risk of inflation seeping through. Besides these points the business sector is suffering from a seismic discord coming from labourers and most notably trade unions who have made it their business to halt production in a push towards a living wage, but at what cost to the economy? Well the results show in the nation's GDP figure  
Today is the big day for Ferrari super car maker as they list after the closing bell. The company is looking to raise $10 billion as it tries to find new ways to invent itself. With a stock code that matches it's style, RACE seems to be fuelling the excitement from most market participants as the IPO was oversubscribed a few times.

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