Offshore

/ US unemployment 11.1%

/ Tesla now largest motor company in the world

/ Advertisers bailing on facebook

/ Goldman Lowers U.S. GDP Forecast, Sees 4.6% Contraction in 2020 (was 4.2%)

/ Fitch has downgraded a record number of sovereign ratings due to the coronavirus. 33 downgrades, 40 negative watch

/ Brexit talks started up again

Local

/ Q1 GDP at -2%

/ Barloworld results

/ Capitec update

/ 1Nvest ETNs expiring 11 August (gold, silver, platinum & palladium)

/ Redefine sells R7.7billion of assets to reduce LTV

/ Steinhoff still muddling along and publishing results