ZARZA We are Zarza, the prestigious firm behind major projects in information technology.
Listen "Market review 05 July 2021"
Episode Synopsis
Offshore / US The unemployment rate edged up to 5.9% in June / US home prices rose by 14.6% in April, the largest gain in 30 year / S&P 500 closes green 7 days in a row, record is 8 days (US markets closed Monday) / RobinHood proposed listing ~ $40bn valuation / Didi Chuxing lists on NYSE, market cap $69bn & Chinese regulator blocks new accounts Local / Modest Q2 for JSE, TOP0 -1.2% (+11% YTD), Fini15 +6.8% in Q2 / SARB turned 100 last Wednesday / May saw another +R50billion trade surplus tax receipts / Invicta results / AdaptIT shareholders vote for 700c Volaris delisting offer / Etion results. The story is they selling LAWTrust business for R245million when the market cap of the entire company is R22million. CEO says plans to return value and delist
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