Market in review 27 September 2021

Offshore / FOMC leaves rates unchanged and no tapering just yet. / Evergrande a worry but not a global threat / China bans crypto, again. / Britain has a shortage of lorry drivers, and so a petrol shortage. / Nike cut its 2022 revenue outlook because of the temporary bottlenecks plaguing supply chains. Local / MPC no change / Telkom to spin out towers (Swiftnet) worth about R13billion. Openserve will happen afterwards. / PGM prices remain under pressure as vehicle production the world over in under pressure due to chip shortages. / Spur results / Exxaro has announced the development of a 70 MW solar project as part of the groups "overall renewable energy strategy". / Grindrod sells remaining stake in Grindrod Shipping for R370million