Offshore

/ FOMC leaves rates unchanged and no tapering just yet.

/ Evergrande a worry but not a global threat

/ China bans crypto, again.

/ Britain has a shortage of lorry drivers, and so a petrol shortage.

/ Nike cut its 2022 revenue outlook because of the temporary bottlenecks plaguing supply chains.

Local

/ MPC no change

/ Telkom to spin out towers (Swiftnet) worth about R13billion. Openserve will happen afterwards.

/ PGM prices remain under pressure as vehicle production the world over in under pressure due to chip shortages.

/ Spur results

/ Exxaro has announced the development of a 70 MW solar project as part of the groups “overall renewable energy strategy”.

/ Grindrod sells remaining stake in Grindrod Shipping for R370million