Marvellous Shoprite (#460‪)‬ JSE Direct with Simon Brown

Simon Shares Shoprite* (JSE code: SHP) results. Christo Wiese gets R342m in dividends. 21million consumers using their Xtra Savings and 1.5million downloads of the Sixty60 app. The market did not much like the Murray & Roberts* (JSE code: MUR) results. Old Mutual updates 2021 GDP forecast to 5.5%. This is after Stats SA released GDP for Q2 QonQ at 1.2% (YonY 19.3%) and better than expected. The economy remains 1.4% below pre-covid levels. FSCA fines Viceroy R50million. They won't pay. SARB governor Kganyago Lesetja suggests we work towards a 3% inflation target, with a 2-4% tolerance range. New infrastructure ETF from Satrix. * I hold ungeared positions.
Upcoming events; 30 September ~ Power Hour - JSE traded ETNs on Tesla, Apple, clean energy and more 14 October ~ Investment Fundamentals with Keith McLachlan