Offshore

/ PayPal announced plans to buy Japanese "Buy Now, Pay Later" BNPL company Paidy Inc. for $2.7B

/ US judge rule against Apple and in Epic Games favour in antitrust lawsuit; judge says Apple's conduct in enforcing anti-steering restrictions is anticompetitive

/ China Evergrande Group default risk ($300bn)

/ U.S. Senate Democrats float stock buyback tax as part of $3.5 trillion bill

/ The World’s Shippers Are Earning The Most Money Since 2008

Local

/ Local Q2 GDP, we’re 1.4% below pre-pandemic levels

/ SARB governor Lesetja Kganyago suggests we work towards a 3% inflation target, with a 2-4% tolerance range

/ FSCA fines Viceroy R50m

/ Result; Shoprite

/ Results; Momentum

/ Results; Bidvest