In-dla-right-place

Good Morning Voornaam,

In a rare opportunity to really dig into the way that a CEO thinks, the latest episode of Ghost Stories is a terrific discussion with Woolworths CEO Roy Bagattini about the state of play in the group and how Woolworths is navigating load shedding. It's a great way to broaden your business knowledge, brought to you by EasyEquities. Find it here>>>

Indluplace to go private?

After a pretty shocking set of company updates on Monday, I was reasonably happy with a quieter day on the JSE yesterday. I f you held both MultiChoice and Transaction Capital yesterday morning, I feel very sorry for you. I was well and truly hurt by the latter.

Aside from earnings and dividend updates from Attacq and Heriot, the big property news was that SA Corporate Real Estate (that's a fund, not an industry!) is making a play for Indluplace to take it private at R3.40 per share. If it goes ahead, this almost doubles SA Corporate's residential portfolio! Perhaps they will need to consider a change of name? Indluplace shareholders won't care either way, being given the opportunity to monetise a highly illiquid stake at a premium to the traded levels.

We also saw earnings updates from Old Mutual and Labat, a long with a major jump in HEPS at HomeChoice as that company's FinTech strategy comes to fruition.

You can get all these details in the latest Ghost Bites>>>

Stuff to read:

Stuff to listen to:

US inflation in line with expectations

TreasuryONE highlights that US inflation was exactly in line with expectations, coming in at 6% year-on-year growth in February. This gives the Fed the option to sit on its hands next week, neither hiking or dropping rates, particularly in light of the banking system in the US. The rand has enjoyed the market favouring gold over the US dollar, trading at R18.11 with sights set firmly on breaking the R18.00 level.

US retail sales are due today and coul d show that US consumers are under pressure, as the expectation is a -0.3% print. In such a case, the Fed has another reason not to hike rates.

It's not too late to register for the TreasuryONE webinar this morning at 9am, but you need to be quick! Pieter Cronje will be presenting the cash flow forecasting solution that drives more accurate and efficient cash flow forecasting in complex groups. You need to register here to attend.

Have a great Wednesday!

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