MultiChoice is ambitious

Good Morning Voornaam,

Be quick - Unlock the Stock is tomorrow at midday with Calgro M3 and you don't want to miss out. Attendance is free thanks to A2X, provided you register at this link>>>

Speaking of quick, the Ghost Wrap podcast is a whirlwind update on recent JSE news that is designed to perfectly fill your coffee break with a dose of market knowledge. Brought to you by Mazars, the latest episode features Dis-Chem, Grindrod Shipping, NEPI Rockcastle, Telkom, Nampak, Purple Group and Investec. Find it here>>>

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There's something for everyone here:

Can MultiChoice avoid a Telkom moment?

With growing broadband access across the African continent, satellite television is going to slowly disappear. Telkom is a perfect example of how difficult it is to transition from old tech to new tech, with that group suffering plenty of pain along the way. Of course, the goal is to avoid a Kodak moment, which would be a guarantee if the hard decisions around a transition aren't made.

At MultiChoice, the focus is on growth in Africa and streaming services alongside the traditional business. Sports betting is also in play, with buzzwords like FinTech now also making an appearance. Inexplicably, DSTV Fibre is also a possibility.

That's a lot of distraction for a management team who should be doing the one thing that they refuse to do: introducing a SuperSport bouquet. Sigh.

In addition to lots of details from the MultiChoice investor day, Ghost Bites features earnings from Alexander Forbes, Bytes, Coronation, Datatec, HCI, Indluplace and Zeda. It's a mixed bag, with some really good stuff in there and the unfortunate adoption of "adjusted EBITDA" (swear words for me) in one of those companies.

Find out who the culprit is and get the rest of the news you need on the local market by reading Ghost Bites here>>>

The latest from the rest of my ecosystem

In Magic Markets, Craig Antonie of AnBro Capital Investments joined Mohammed Nalla and I to talk about two stocks on the watchlist of one of the funds. You've possibly not heard of either of them: International Flavors and Fragrances ($IFF) and Runway Growth Finance ($RWAY). Enhance your market knowledge this morning by listening to this podcast>>>

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The new range for the rand seems to be sticking

TreasuryONE notes that the rand seems to be stuck in a new range, moving from the record level of R19.52 down to R19.20 towards the end of the trading session. It's a big week, with FOMC minutes out later today in the US and the local Monetary Policy Committee (MPC) decision coming tomorrow.

Look away now if you bought a home recently: the local rate hike is expected to be 50 basis points, with likelihood of a hawkish tone regarding further hikes.

To get more information on the rand, watch TreasuryONE's weekly market review here (under 5 minutes) or settle in for the recording of the recent TreasuryONE webinar that I co-hosted with Wichard Cilliers. You' ll need 43 minutes for that one and possibly a strong stomach, but you'll learn a great deal.

Good luck out there today!

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