The rand has had a solid week pulling back to levels around R14.18 against the US dollar. The South African Reserve Bank kept interest rates unchanged at 7%, but did lower SA’s growth target to zero. U.K unemployment fell to the lowest level in 11 years, adding 54,000 jobs during the month of May. With a Net worth of $65.05 billion, Amazon’s Jeff Bezos just passed Warren Buffett to become the third richest man in the world. The Bank of Japan has officially announced that the use of helicopter money will not be implemented for the time being.
Read more in the document below:
This is what 7 Billion people do | Cannon Asset Managers research