Michael Avery is joined by Warwick Lucas and Raymond Parsons
15 July 2022 - 17:04
byMichael Avery
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The rand continued its slide against the dollar on Thursday, touching a level last seen in August 2020, while the JSE fell the most in a week as global recession fears intensified.
Asian stocks hit a two-year low on Friday and were heading for a weekly loss, while the dollar was set for its third week of gains as a fresh slew of rate hikes around the world deepened concerns about the outlook for global economic growth.
To put the week into perspective, Michael Avery is joined by Warwick Lucas, head of Galileo Securities, and Raymond Parsons, Professor in the School of Business and Governance at Northwest University.
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
BUSINESS WATCH WITH MICHAEL AVEY
WATCH: The week in perspective
Michael Avery is joined by Warwick Lucas and Raymond Parsons
The rand continued its slide against the dollar on Thursday, touching a level last seen in August 2020, while the JSE fell the most in a week as global recession fears intensified.
Asian stocks hit a two-year low on Friday and were heading for a weekly loss, while the dollar was set for its third week of gains as a fresh slew of rate hikes around the world deepened concerns about the outlook for global economic growth.
To put the week into perspective, Michael Avery is joined by Warwick Lucas, head of Galileo Securities, and Raymond Parsons, Professor in the School of Business and Governance at Northwest University.
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