Inflation winner

Good Morning Voornaam,

Based on the success of my emigration article that went viral more than once, I presented a webinar earlier in the week on how to objectively assess the emigration decision. TreasuryONE's Dylan Griffiths joined me to work through the mechanics of dealing with SARS and the SARB when taking money offshore. With a large number of attendees and very positive feedback at the end, it seems as though it was well received. If you missed it, you can now watch the recording here>>>

Trive takeover

The team at Trive South Africa is keeping us very well fed with research this week. Aside from this article on Dell Technologies that was released yesterday, there's now a detailed look at JD.com available here (once again including technical and fundamental elements).

To add to the China theme, Alex Weiss of Trive South Africa was our guest on Magic Markets this week to discuss another Five from Trive: a selection of five stocks around a central theme. We talked about Meituan, Baidu, JD.com, Alibaba and Tencent in this podcast>>>

A selection of other goodies

Ghost Mail is never short on variety. Take a look at these options to keep you learning today:

Bidvest is an inflation winner

Back in December when the Financial Mail approached me to write two sections of the Hot Stocks edition, one of those sections was the I ndustrials sector. After careful thought, I decided that Bidvest had a decent chance of navigating a difficult environment. That turned out to be a solid call, with the group continuing to perform well in this environment. Although the update for the ten-month period was light on numbers (devoid of them, in fact), the narrative was strong enough to suggest that the full-year results will carry on where the interims left off.

The other major update yesterday was from MultiChoice. In the same way that Alonso is carrying the Aston Martin Formula One team, I remain convinced that SuperSport is carrying the DSTV bouquet for a large number of subscribers. Demand for DSTV isn't even the biggest issue at the moment. No, that is reserved for the forex situation in Nigeria, where profits recognised in the country end up looking very different once forex losses are applied.

In case that sou nds familiar, you've seen the same problem at Nampak in particular.

For the latest on Bidvest, MultiChoice and Transcend Residential Property Fund, as well as the usual array of Little Bites, read Ghost Bites here>>>

DealMakers

Today is Friday, which means the usual assortment of summaries by the team at DealMakers on local M&A, local corporate finance and deals in Africa.

In the opinion pieces, PSG has written on the growing role of development finance institutions in Africa and ENSafrica has written on case law related to oppression of minority shareholders.

The rand has recovered by over R1.00 in a week3>

How a few days can change things... a few days, and perhaps the sheer joy of electricity? TreasuryONE brings us the happy news that the rand closed stronger for the sixth straight day, testing R18.80 in afternoon trade. Aside from the fact that light switches are working a lot better, the data prints around GDP and a current account deficit for Q1 that beat expectations gave some strength to the local currency.

It also helps that the dollar lost some ground after weekly jobless claims printed higher than expected in the US, complementing the rise in the unemployment rate that came through in non-farm payrolls last week.

Before you pop too many champagne bottles today, remember that US CPI and the Fed decision is coming next week. The rally in the rand may cool off in anticipation.

Leaving you on a happier note this week, I wish you a great weekend!

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