Market Standard 13 July 2020

Offshore / Germany saves. Total retail deposits rose by €22.4bn in Apr and hit fresh All-time high at €2.46tn. The volume of retail bank deposits has doubled within 18 years. / German production and export data disappoints as they have nobody to sell to in a lockdown world. / Warren Buffett's Berkshire buys Dominion Energy natural gas assets in $10 billion deal / Uber buying Postmates / Tesla still storming higher (as is Nasdaq) / Gold strong Local / SARB bought only R5.1billion bonds in June / Load shedding is back / Everybody wants Quantum Foods / Omnia results / Updates from Liberty 2 degrees and Growthpoint / Steinhoff sells Conforama / TFG buying JET for R480m and is looking to raise R3.95 billion in a rights offer.