Dear Subscriber,

Oil prices declined on the news of lower US stockpiles of 3.1 million barrels. Brent remained at $63.70pb.

A major cause for concern amongst analysts is the introduction of VAT on brokers fees on all stock market transactions on the same day as the implementation of the minimum wage. With a loss of 11.35% Ytd, the stock market is now officially in bear territory.

The slides address these and other issues in the domestic and global commodity markets.

Enjoy your read!