Market Standard 08 March 2021

Offshore / NFP added 379k jobs (large beat) and US unemployment 6.2% (at this pace it'll take until April 2023 to get back to where we were in February 2020) / $1.9trillion stimulus bill approved by Senate / China sets 6% 2021 GDP target / Germany charges Steinhoff execs / UK taxes going up to highest in 50 years / Nasdaq is red year-to-date Local / One year of Covid, ZAR 40c weaker, Top40 +20% (both from Jan20 levels) / Harmony out of Top40 and Resi10, replaced by Glencore / Rhodes Food update "..sales started recovering in January and February 2021…" after TigerBrands said January was poor? / Firstrand results / Spur results / Treasury expected to be another R30billion ahead on tax collections