The US will have to extremely lower their interest rates in the next few years & devalue the USD, devalue it to ashes. No other way.
Im my view era of US Tech dominance is coming to an end giving way for growth in US Industrials & Dow rising faster than US100 as an indicator.
There's a new family car on the block. Meet the new @FordSouthAfrica Territory! We've driven it and we think it's a neat package from the Blue Oval. @GeroLilleike reports back from the local launch here ➡️ https://t.co/ACusIObf2J
#SSL#SOL#SASOL#JSE
Mmmm.. sounds fishy
Sasol Limited (SOL, SSL) announces the resignation of their Chief Financial Officer (CFO) and Executive Director, Mr. Hanré Rossouw.
Effective Date: October 31, 2024
Reason: Not specified in the announcement.
Key Points:
🔵Mr. Rossouw joined Sasol in April 2022 and is credited with contributing to the "Future Sasol" strategy.
🔵He will stay on until the end of the fiscal year (June 30th, 2024) to facilitate a smooth handover.
🔵Sasol has initiated the search for a successor and will announce their appointment in due course.
Official Statements:
🔵Sasol Chairman, Steve Westwell: Acknowledged Rossouw's contributions and wished him well in his future endeavors.
🔵Sasol Audit Committee Chair, Trix Kennealy: Thanked Rossouw for his leadership during challenging times.
⚠️SUMMARY OF FED FOMC STATEMENT:
1. The Fed kept rates unchanged at 5.50%. This is the sixth meeting in a row that the Fed has left rates unchanged.
2. The Fed’s statement signaled that rates could likely remain higher for longer than previously expected amid a lack of progress on slowing inflation.
3. In recent months, there "has been a lack of further progress toward the Committee's 2 percent inflation objective," the Fed said in the statement.
4. Policymakers stressed that they don’t see rate cuts happening until they are more confident inflation is nearing 2%.
5. The statement supports the view that rate cuts are not happening anytime soon.
$SPY $QQQ
@DrSthembiso With so much technology in this world, why can’t anyone manufacture a car that when they steal it, you just use your phone to bomb it once kufiwe🗡️🤷🏿♂️