Manage episode 296714040 series 2908288
It’s the final week of June 2021, and this is the eleventh audio episode of The Shyft Lift, the regular news digest of the app for the globally minded, based in South Africa. In this edition we get an update on what’s happening with South African debt, commodities and rates, as well an update of another kind: the brand-new Shares functionality available on the Shyft app. As well as enabling you to buy forex instantly anytime, anywhere, and at the best rates, Shyft now gives you the power to invest in the top U.S. stocks and ETFs.
In local debt markets, the issuance of green and sustainability-linked bonds has reached a total of R10.4-billion, excluding securitisation. (https://www.youtube.com/watch?v=bAFTpq0tH0Q&ab_channel=CNBCAfricaCNBCAfrica). Resources are coming up golden: the JSE All Share Index is up 38.1% over the year to May 2021. In the first five months of 2021, the best performing shares have been Distell, Sasol and MTN Group, all with returns above 60%. (https://www.youtube.com/watch?v=iauOiaBe-Es&ab_channel=BloombergMarketsandFinance). In the electric car evolution, the cathode is by far the most expensive (and important) part of the battery in an electric vehicle (EV). The auto industry is looking for new ways to power vehicles and a new substance called eLNO might be a big step in clean energy. (https://www.youtube.com/watch?v=HQKrkbkHOVE&ab_channel=JohnsonMatthey). South Africa exported goods worth R116 billion to the U.S. in 2020, which equates to a remarkable year-on-year rise of 29.7% during the pandemic year. (https://www.youtube.com/watch?v=nlxcHr3WWy4). SA’s GDP is on the up, with growth continuing each quarter since the big decline in Q2 of 2020. The finance and mining sectors grew the most at the start of 2021, helping national GDP record a 4.6% expansion for the period from January to March this year. (https://www.youtube.com/watch?v=UOO65BunQnc&ab_channel=SABC). Alphabet, the parent company of Google, has surpassed Amazon to become the third most valuable U.S. company. (https://www.youtube.com/watch?v=LzjQWr3uqa4&ab_channel=Mr.LuxuryMr.Luxury). Pinterest – the U.S. social media platform that allows users to create and manage theme-based image collections – has rolled out a new shopping list feature. (https://www.pinterestcareers.com/transcripts/ben-silbermann-ceo-video/). Tesla has filed a new trademark with the United States Patent and Trademark Office for Elon Musk's restaurant concept. (https://www.youtube.com/watch?v=IjimZ_AHFOo&ab_channel=CasgainsAcademyCasgainsAcademy) and HSBC bank is testing the idea of giving some staff Zoom-free Friday afternoons, making it the latest in a string of businesses taking steps to address ZEF, or Zoom exhaustion and fatigue. (https://www.youtube.com/watch?v=avs8cPQYssA&ab_channel=CBCNews%3ATheNational. Shyft is an app for global citizens based in South Africa, powered by Standard Bank. Shyft connects you to the world. Best forex rates. No hidden fees. No paperwork. Visit getshyft.co.za to download the app today. The Standard Bank of South Africa is an authorised financial services provider (FSP 11287).--- Send in a voice message: https://anchor.fm/standard-bank-southafrica/message