Tech stocks have been hitting record highs in recent days, rallying by almost 16 per cent on the S&P 500 this year. Analysts have reported that the major tech companies will rally for as long as they can as investors are insulated from the worst of the Covid-19 market crisis. Byron Lotter, Portfolio Manager at Vestact joins CNBC Africa for more.
Chinese markets tumbled upon its return from the extended Lunar New Year holiday following the global crisis of the Coronavirus. Joining CNBC Africa for more on this and the industries set to be affected by the virus outbreak is Stephan Engelbrecht, Fund Manager at Anchor Capital.
Joining CNBC Africa to discuss the mix of global and local market news is Michael Treharne, Portfolio Manager at Vestact.
It’s the close of the market week and a good time to round up this week's ridiculousness. From South African Airways (SAA) to cancer being an expensive disease to treat. This week’s Blunders by Vestact’s Paul Theron also touches on why car sales have gone down globally. He joins CNBC Africa for more.
Brian Joffe's Long4Life is swallowing more of Spur. It has upped its stake from 4 per cent to 12.5 per cent and its voting rights stake to 14.3 per cent from 4.6 per cent. Is he seeing value where others fear to tread? Byron Lotter, Portfolio Manager, Vestact joins CNBC Africa for more.