|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||6.78 - 6.85|
|52 Week Range||5.35 - 9.54|
|Beta (5Y Monthly)||0.25|
|PE Ratio (TTM)||9.89|
|Forward Dividend & Yield||0.19 (2.92%)|
|Ex-Dividend Date||Mar 12, 2020|
|1y Target Est||N/A|
(Bloomberg) -- South Africa’s main stock index erases gains of as much as 0.4% to fall 0.5% by 9:40am in Johannesburg, as weakness in banks and MTN Group counter a rise in heavyweight BHP and a soaring Shoprite.The losses come amid a resurgence in Covid-19 cases in parts of the U.S. and Europe, raising concern that the economic rebound is stalling. Risk appetite has also taken a hit amid the ratcheting up of U.S.-China tensions, with the Trump administration expected to unveil new measures shortly against Chinese-owned software deemed to pose national-security risks.NOTE: Futures, Asia Stocks Trade Mixed; Treasuries Dip: Markets WrapWeaker rand pulls index for bank stocks down 3.2% to the lowest intraday level in more than three weeksNOTE: Rand in Bearish Turn as Volatility Rises: Inside South AfricaFirstRand -3.5%, Standard Bank -2.8%, Absa -3%, Capitec Bank +3.1%, Nedbank -3.2%, Investec -2.5%MTN falls for the third day, down 2.3%.NOTE: MTN Zakhele Futhi Entering Into Talks With MTN on DividendRand-hedge Richemont shakes off weaker rand, falls 1%Shoprite +7.8%, biggest intraday jump in two months, as the company publishes its trading statement NOTE: Shoprite Sees Better South African Trade With Market-Share GainsNaspers, with a 20% weighting on the index, rises 0.6%, as partly owned Tech giant Tencent advances in Hong KongNaspers subsidiary, Prosus, which holds the company’s 31% stake in Tencent, rises 1.2%Diversified miners join gold and platinum producers to lift the gauge for mining stocks for the second day, up 0.9%BHP +1.6%, Anglo American +0.6%, Gold Fields +0.8%, Harmony Gold Mining +2.2%, Sibanye Stillwater +0.5%, Northam Platinum +1%, African Rainbow Minerals +0.9%, Royal Bafokeng Platinum +1.1%, DRDGold +0.45Foreigners were net sellers of South African stocks for the second day Friday, disposing of 3.1b rand worth of shares, according to bourse operator JSE. This is the largest outflow since June 10.NEWS:South African Lockdown Tax Loss Exceeds Value of Two Virus LoansSouth Africa’s Eskom Requests Bids for Battery-Power StorageFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Like many of her compatriots, Kubashnee Moodley made her first foray into online shopping during South Africa's coronavirus lockdown. Moodley's experience encapsulates the challenging situation facing the e-commerce sector in Africa's most advanced economy. Having long lagged behind much of the world in terms of e-commerce, South African retailers and delivery start-ups have been doing a roaring trade online as consumers shy away from shops during the COVID-19 pandemic, with the likes of Pick n Pay , Checkers and OneDayOnly experiencing an explosion in demand.
The ratings on the P&I classes were affirmed because the transaction's key metrics, including Moody's loan-to-value (LTV) ratio, Moody's stressed debt service coverage ratio (DSCR) and the transaction's Herfindahl Index (Herf), are within acceptable ranges. Stress on commercial real estate properties will be most directly stemming from declines in hotel occupancies (particularly related to conference or other group attendance) and declines in foot traffic and sales for non-essential items at retail properties.