Global

/ US past 40million initial claims and Q1 GDP updated to -5.0% from -4.8%

/ Personal saving rate 33% in April

/ Germany’s Business Climate Index rose to 79.5 in May as the country reopens

/ Reuters ~ China's May factory activity returns to growth but demand remains weak

/ China US tensions increasing

/ Bill Ackman's Pershing Square Capital Management announced it had sold off its entire stake in Berkshire Hathaway. BH has $133.3 billion hoards of cash vs S450 market cap (third of assets are lazy and not been deployed).

Local

/ PSG announced CPI unbundling details (14 CPI for every 100 PSG)

/ Woolies update, spending AU$100million on Australia

/ TigerBrands results as branded goods come under further pressure.

/ Famous Brands very pessimistic on casual dining recovery

/ Stats SA delayed April CPI by a month due to difficulty collecting data

/ PIC talking about converting Eskom debt to equity