Yet another short week ahead – although the last for a while.
Last Friday was interesting for the health sector – Mediclinic closed 13% higher following news that Abu Dhabi would no longer patients to make a 20% upfront payment for treatment at private medical facilities.
Apart from a few results and key economic data – it looks like it’ll be a quiet week.
On the political front: yesterday’s May Day rallies were rather interesting and have put the spotlight on the ruling party’s leadership and how they’ll address the issues that keep popping up. The current political atmosphere is incredibly unpredictable – it’s unclear what, if anything, will be done in the aftermath of yesterday’s events.
With all this in mind, here’s to a great week of trading.
The week ahead:
Tuesday, May 2
National Association of Automobile Manufacturers of South Africa releases April vehicle sales
Wednesday, May 3
Bell Equipment AGM
Absa manufacturing PMI - April
Thursday, May 4
Standard Bank PMI - April
Stats SA - Electricity generated and available for distribution data