| Good morning Voornaam,
Fast fashion. It's a dangerous thing. Everybody has heard of SHEIN by now, the Chinese clothing group that can deliver you an entire wardrobe before your next Takealot order is ready for collection.
It's interesting to look at a group like Rex Trueform and how the company has diversified away from textiles, mainly because it's just a really tough place to play in South Africa. Businesses like SHEIN will probably only make it worse in years to come, with local retailers feeling the pinch.
You can read about Rex Trueform in Ghost Bites this morning. You can also read about SHEIN and the concerns around the company in this excellent piece written by Dominique Olivier.
There's just enough time to register for Unlock the Stock with Lesaka Technologies at midday today. This is a fascinating company focused on fintech solutions in Southern Africa. With a recent major acquisition under their belts and more that need to come, there's a lot to learn here. Thanks to A2X, attendance is free! You need to register at this link to attend>>>
Next week, the bizval team (i.e. including me) will be hosting a webinar on how to buy a business. This is a really interesting way to diversify your wealth, especially because the right private companies can outperform listed equities in this environment. To attend the webinar at 12pm on Wednesday, register at this link>>>
Have a good day!
|
|---|
|
|---|
| NEW: Ghost Stories podcast |
|---|
|
|---|
| In the latest Ghost Stories podcast focusing on structured products with the Investec team, Japie Lubbe joined me to unpack the Optimal Investment Growth Basket.
It offers a maximum annualised return in USD of 9.8% per annum over five years, with 100% capital protection at maturity in USD.
Listen to the show to learn about how this product works and what the benefits and risks are. |
|---|
| |
|---|
| NEW: Magic Markets podcast |
|---|
|
|---|
| In this brand new episode of Magic Markets, we dig into the food producer sector. This has been a tough place to play in these inflationary conditions, but why?
Thanks to B2IT, you can find out. We looked at McCormick (20% market share in spices in the US) and a selection of South African food producers.
Of course, PepsiCo and my favourite chips (blue Dorito's) get a mention as well! |
|---|
| |
|---|
| New: Ghost Wrap podcast
(Famous Brands vs. Spur | Sibanye-Stillwater | De Beers | Mondi | Life Healthcare | Datatec | Fortress) |
|---|
|
|---|
| | | The Ghost Wrap podcast looks at trends in local restaurants and diamonds, as well as news in the mining, paper, IT and property sectors. Ghost Wrap is brought to you by Mazars. |
|---|
|
|---|
| | | The lessons dished out by the markets this year have been all about how companies cope in inflationary conditions. The winners have one thing in common: pricing power. |
|---|
|
|---|
| CA Sales Holdings is a really strong example of how locally listed companies can deliver great returns. The management team returned to Unlock the Stock to unpack the recent performance and answer questions about the strategy and business model. Don't miss it! Unlock the Stock is brought to you by A2X. |
|---|
| |
|---|
| TreasuryONE Market Update The dollar lost further ground yesterday on the back of a less hawkish tone from the Fed. This is despite PPI data surprising with a 2.2% increase vs. 1.6% expected. September's CPI numbers are out today with an expected 3.6% year-on-year increase.
Other data releases today include US jobless claims and UK Q3 GDP data.
The rand managed to get down to R18.82 after trading at over R19.60 just last Friday! South African Reserve Bank Governor Lesetja Khanyago told Bloomberg yesterday that South Africa needs to do more to combat high inflation, citing the rising oil price, weaker rand and higher food prices as the main concerns.
Gold and PGMs rose yesterday and Brent Crude fell to $85.60 as fears of a disruption to supply due to the Middle-East conflict subsided. Combined with rand strength, that's good news for local consumers as we desperately need a drop in the fuel price! |
|---|
|
|---|
| | | Get the latest on Jubilee Metals, Markus Jooste, PSG Financial Services, Redefine and Rex Trueform. It's all available with a single click in Ghost Bites. |
|---|
|
|---|
| Jooste gets the maximum fine Markus Jooste, the world's most well-liked and admired executive, has received a R15 million fine from the JSE that the Financial Services Tribunal has now ruled is enforceable. It's the maximum fine that can be issued in relation to two separate censures. Sadly, it won't make much of a dent in his bank account. The wheels of justice continue to turn though, with a conviction hopefully on the horizon.
Onto much happier news, PSG Financial Services released very strong results that look good on practically every metric. With recurring HEPS up 21% and the dividend per share up 23%, this is a reminder that there is growth to be found on the local market.
The 52.2% increase in HEPS at Rex Trueform is also a reminder that growth can be found in interesting places!
For these updates and the latest on Jubilee Metals (tough results) and Redefine's arbitration victory in Poland, you can read Ghost Bites here>>> |
|---|
|
|---|
| 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. |
|---|
|
|---|
|
|
