| Good morning Voornaam, Quick links: De Beers (part of Anglo American) still has a cautious outlook on diamond sales, but they are improving. In updates from three of the more unusual companies on the market, there's news from Insimbi, Orion and TeleMasters. Get these updates and more in Ghost Bites, brought to you by Fedgroup. The Global Accelerator offers 100% capital protection in dollars at maturity after five years, while giving exposure to global equity indices. To explain how it all works, Japie Lubbe of Investec Structured Products shares his wealth of knowledge and knowledge of wealth in this podcast>>> Iman Rappetti is in conversation with Barry Shamley, Zane Bezuidenhout, Boipelo Rabothata and Campbell Perry in Episode 4 of The Current, discussing investment opportunities stemming from South Africa's energy transition. Brought to you by Investec, listen to it here>>> Fedgroup believes that there is always an alternative in the market. Does incorporating alternatives into your portfolio make sense? Get their views in this entertaining article>>> Don't miss the most recent episode of the Magic Markets podcast, this time featuring Harry Scherzer of Future Forex. A familiar voice to listeners, Harry explains why South Africans shouldn't allow their R11 million annual offshore allowances to ever go to waste. Learn more here>>> |
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| Events: Bell Equipment is up next on Unlock the Stock later today, so you need to move quickly to attend! Put on your analyst hat and sign up to attend the event where you can pose your questions to the team. Attendance is free but you must register here>>> |
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| LISTEN: The Global Accelerator
(with Japie Lubbe of Investec) |
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| The Global Accelerator offers 100% capital protection in dollars at maturity after five years, while giving exposure to global equity indices.
To explain how it all works, Japie Lubbe of Investec Structured Products joined me on this podcast to talk through the product design and the way it can be used in a portfolio. There's also great stuff in here about structured products vs. ETFs and many more insights.
Listen to this podcast to find out more. |
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| READ: There is always an alternative...
(by Fedgroup) |
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| Should you think about incorporating alternative assets into your portfolio mix?
In this entertaining and insightful article, Fedgroup share their views on this asset class. |
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Local company news:
Ghost Bites is brought to you by Fedgroup.
De Beers may have spent a lot of money convincing the world that diamonds are forever, but that doesn't mean that diamond prices are forever. They are still subject to supply and demand fluctuations, with factors like macroeconomic conditions (it costs a lot of money to get married) and lab-grown diamonds as an increasingly popular alternative. Sales have been a bit dicey in recent times, but the latest cycle suggests that there's some positive momentum - albeit with a narrative of caution about growth in China in particular.
From shiny stones to battered metals - literally. Insimbi Industrial Holdings is a metals business that is exposed to various factors like exports of recycled metals. The year ended February 2024 was an unhappy one for the company, as the HEPS numbers confirm.
At Orion, there are important steps being taken around the acquisition of the Okiep Copper Project. This has been a drawn-out transaction with multiple legal complexities. They need to get those complexities out the way to really take the project forward and that seems to be happening.
TeleMasters announced more details for the B-BBEE deal for Catalytic Connections. For such a small company, I'm impressed with the structuring that went on here. These deals tend to be expensive for shareholders and they've done a good job of minimising that impact, while avoiding exposure to external debt.
Get the details in Ghost Bites at this link>>> |
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| LISTEN: Cashing in on clean |
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| There are so many investment opportunities stemming from South Africa’s energy transition.
In episode 4 of Investec’s The Current, discover how you can get some skin in the clean energy game. Hosted by Iman Rappetti, listen to the discussion here>>> |
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| LISTEN: Magic Markets podcast |
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| In Episode 170 of Magic Markets, Harry Scherzer of Future Forex returned to the platform to update us on the crypto arbitrage opportunity and how it boosts portfolio returns.
This is a very clever way to make sure that your total annual offshore investment allowance of R11 million doesn't go to waste. Listen to the show here>>> |
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| LISTEN: Ghost Wrap - the M&A edition |
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| Get the latest on four recent examples of M&A on the local market: MultiChoice, Grindrod Shipping, MC Mining and Sanlam.
Thanks to Mazars, it's all in this podcast>>> |
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| READ: Nobody wants to buy alligator pears
(by Dominique Olivier) |
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| Dominique Olivier's latest column in Ghost Mail is about the alligator pear - or, as we know it today, the avocado.
Here's the story of how the Super Bowl contributed to the rebrand and popularity of this err... fruit. Berry, in fact. |
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| LISTEN: Artificial, or Artificial Intelligence?
(with Nico Katzke of Satrix) |
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| Artificial Intelligence (or AI) is all over the headlines. Like with any hype trade, that's both an opportunity and a risk.
To bring some clarity to what this is and what this isn't, Nico Katzke of Satrix joined me on Ghost Stories. You'll really enjoy this podcast>>> |
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International business news:
TSMC (the semiconductor giant) beat revenue and profit expectations in the first quarter. You get no prizes for guessing how quickly the words "Artificial Intelligence" get used in explaining why this happened. Net revenue is up 16.5% year-on-year, which is an incredible growth rate for a company this size.
And if you're wondering what life is like at the pinnacle of global wealth, we find trouble in the superyacht market. CNBC reports that superyacht (over 100 feet long) sales fell by 17% last year. In case you're wondering just how many yachts of that size were sold in a year, the number is 203. Aside from long lead times for new orders, the other problem is that oligarch sanctions have taken the Russian gazillionaires out of the market - for now, at least.
Our latest show in Magic Markets Premium is a detailed recap on Disney, which drove me to sell my shares after the recent rally. Why is that? Subscribers find out by accessing our entire research library for just R99/month. It pays to know what's going on out there - literally.
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| Macroeconomic Update The dollar fell on profit-taking yesterday ahead of the release of further data today. US jobless claims and the Philadelphia Fed manufacturing index numbers are due later today, which will give the market more to chew on when it comes to the state of the US economy and what that means for rates.
Record-high US production in oil and a jump in US inventories led to a 3% decline in the price of Brent Crude yesterday. In other commodity news, gold has mostly recovered this morning after falling yesterday on a day of little geopolitical news.
Locally, the March CPI inflation print saw a headline figure of 5.3%. Thankfully, food and non-alcoholic bverage inflation eased somewhat in March, with pressure in other areas like education, health and utilities.
Key indicators: USD/ZAR R19.00; US 10-year 4.57%; Gold $2,375; Platinum ZAR R17,759; Brent Crude $87.48
This macroeconomic update is based on TreasuryONE's morning update. |
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| READ: Dive into your DIY investing adventure
(by Duma Mxenge of Satrix) |
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| Yes, you can take investing into your own hands - you just need a sensible approach to it.
In this excellent article, Duma Mxenge gives sensible, easy-to-follow tips on how to get more involved in your wealth creation journey. |
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| You should expect us in your inbox Monday – Friday. If you don’t receive an email, please check your spam, or junk folder and “move us” into your primary inbox to ensure you get it each morning.
Disclaimer
Our content is intended to be used and must be used for informational purposes only. You must do your own analysis before executing any investments or strategic decisions, based on your own circumstances. We do not provide personalised recommendations or views as to whether an investment approach or corporate strategy is suited to the needs of a specific individual or entity. You should take independent financial advice from a suitably qualified individual who gives due regard to your personal circumstances.
Whilst every care is taken, we accept no responsibility or liability for any errors or omissions in any of our content.
The views, thoughts and opinions expressed in our content belong solely to the author or quoted individuals and/or entities, and not necessarily to the author's employer, organisation, committee or other group or individual, or any of our affiliates or brand partners. |
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