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Podcast: WorldWide Markets with Simon Brown
Episode: JSEDirect 203: Budget 2016 and your investments
Description: Simon Shares
Woolies (JSE code: WHL) offering script of cash for dividend. Default is cash, I'm taking new shares.
Standard Bank (JSE code: SBK) trading update looks great, HEPS some 30% higher. But what of the R1,6bn write down for lost aluminium in China the previous year? The stock initially popped 8% higher but traded red by late morning.
Budget 2016, Simon's thoughts
Budget is R1.46tn vs R1.45tn in the October MTBPS.
Deficit R139bn, which we have to borrow and that cost is increasing as R186 government bond is 9.8% from 9.3%.
Budget deficit will fall from 3.2...