Good morning Voornaam,
Ghost Mail has always focused more on investing rather than on personal finance, as I feel that there are some great personal finance writers out there who do a much better job than I could do. I also happen to be far more stimulated by company news and strategies than anything else on the market, so it's a natural choice to focus there.
But as Nico Katzke of Satrix correctly reminded me, you can't invest if you can't save. You certainly can't save if you aren't managing your money properly. For my world to exist, prospective investors need to know how to unlock enough money in their lives to be active on the market.
With that in mind, we dedicated the latest Ghost Stories podcast to really digging into how we think money should be managed. Some of my views are particularly unorthodox, but my approach has worked for me over the years. Nico also has a very clear strategy with his money that he shares on the show. Challenge your thinking in this excellent podcast>>>
On Friday this week, the co-founders of bizval (including yours truly) will be presenting a webinar in which we will reflect on 2023 and life at the coalface of building a startup in this country. For anyone interested in the exciting (and supremely challenging) world of entrepreneurship, this will be a great conversation. Join us at 11am on Friday by registering here>>>
And for something different, you can give my Namibian radio segment a listen. Yes, I now have a weekly segment in that gorgeous place where the desert meets the ocean! In this 13-minute segment, I talked about companies like Spar, PBT Group, Capital Appreciation, Tiger Brands and Nampak. Enjoy it here>>>
There's so much to learn from in Ghost Mail. Enjoy working through the options available to you this morning! |
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BRAND NEW: How to really manage your money,
featuring Nico Katzke of Satrix |
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| | If you can't save, then you can't invest. Managing your money properly is the first step in any investment journey. I loved discussing real-world ideas and strategies with Nico Katzke of Satrix in this podcast. It's well worth a listen. |
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LATEST: Magic Markets podcast |
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In Episode 153 of Magic Markets, we looked at entertainment and streaming companies MultiChoice and Comcast.
We looked at key strategic drivers, recent performance and other nuances related to investing in these companies.
This show is brought to you by international data and automation specialists B2IT. |
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LATEST: Son of a cymbal maker (by Dominique Olivier) |
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In her latest column, Dominique Olivier tells the story of Zildjian, a music industry stalwart that has been passed down through multiple generations.
As family businesses go, this one is worth learning about. |
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LATEST: Ghost Wrap podcast
(Purple Group | Spar | Pepkor | Bidvest | Attacq) |
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| | The latest Ghost Wrap podcast covers five important and interesting groups, giving you insights across multiple sectors in the space of just a few minutes. Ghost Wrap is brought to you by Mazars. |
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LATEST: Unlock the Stock with TWK Investments |
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TWK Investments returned to the Unlock the Stock platform to share insights into the recent numbers and the strategic outlook.
You can watch the recording here, thanks to our partner A2X. |
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LATEST: Unlock the Stock with Karooooo |
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| | Karooooo joined the Unlock the Stock platform for the first time to share insights into the recent numbers and the strategic outlook both locally and abroad.
You can watch the recording here, thanks to our partner A2X. |
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DAILY: TreasuryONE Market Update South Africa's GDP contracted by 0.2% quarter-on-quarter in Q3 vs. expected growth of 0.1%. The agricultural sector was the biggest drag on GDP, falling 9.6% quarter-on-quarter with substantial declines in output from field crops, animal and horticultural products. Mining and manufacturing also suffered during Q3, thanks to Eskom and Transnet.
The poor GDP print and stronger dollar saw the rand move above the R19 mark.
Ahead of payroll data in the US and next week's CPI and FOMC meeting, some risk-off sentiment has returned to the market. Although risky assets have traded softer, gold also ran out of steam after reaching an all-time high, trading below $2,025 an ounce.
Watch the latest weekly market review from the TreasuryONE team below or find it on YouTube here:
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| | Get the latest on Lesaka Technologies, Marshall Monteagle, RMB Holdings, Shaftesbury and Transaction Capital. This is all available with a single click in Ghost Bites. |
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Major strategic changes at Transaction Capital When a group is in crisis, there tend to be no holy cows. Things change and fast, ranging from disposals of assets through to vast cost-cutting exercises. Transaction Capital certainly fits the description of being a group in crisis, so it's not surprising to see some substantial changes in how the group will move forward.
For example, there's talk of a potential unbundling of WeBuyCars. At SA Taxi, the focus will be on restructuring the business and the balance sheet to support a strategy focused only on used taxis rather than new taxis, with a potential equity partner to be introduced down the line. Even Nutun might be in for some changes, although that's the most dependable business in the group.
As for the head office, costs have been slashed and there will be a decentralised model going forward. Jonathan Jawno is moving into the group CEO role, so there's no easy retirement for him as one of the co-founders of the group.
Of course, I dig into all of these topics in more detail in Ghost Bites. You'll also find the latest on Lesaka Technologies and a change of management there, as well as numbers from Marshall Monteagle. You can read about RMB Holdings being issued more shares in Atterbury as settlement of a loan and Shaftesbury successfully raising capital off the strength of the overall portfolio.
And of course, I cover the director dealings in Little Bites as well.
Get everything you need in one place by reading Ghost Bites at this link>>>
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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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