| Good morning Voornaam, Fresh out the oven: Ghost Bites: Novus is acquiring a Stellies-based AI specialist in a related party deal. Mining updates of varying quality came in from AngloGold, DRDGOLD and Sibanye-Stillwater. Trematon's NAV moved higher if you adjust for the capital distribution. Read Ghost Bites>>> Southern African bonds: In a new article, Siyabulela Nomoyi of Satrix comments on the Fed approach and what this means for Southern African bond opportunities. Read it here>>> Chasing (returns from) the Sun: Grovest's Tivon Loubser joined me on a Ghost Stories podcast to talk about the 12BA allowances and how the government is giving returns from solar a serious boost for investors. With only a few weeks until normal load shedding programming is likely to return, listen to it here (full transcript included)>>> Ghost Wrap: You need barely four minutes to get up to speed on KA Group, AB InBev, Redefine, RFG Holdings and Calgro M3, brought to you by Mazars. Listen to it here>>> Costa plenty - the hefty price of human error: This brand new piece by Dominique Olivier makes a strong case for self-driving vehicles, with practically every human flaw on full display in the Costa Concordia disaster. Read it here>> |
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| In case you missed it: Electrifying stocks: speaking of electricity, Craig Antonie of AnBro was the guest on the brand new Magic Markets show to talk about the electrification theme and the global stocks that play give exposure to it. Thematic investing is powerful for "buy-and-forget" strategies. Enjoy it here (full transcript included)>>> Bond ETFs: Improve your understanding of bond ETFs and how they work in a portfolio. Siyabulela Nomoyi of Satrix joined me on a Ghost Stories podcast to unpack this type of investment. Listen to it here>>> Sanlam / Grovepoint: Private markets are fascinating, especially private credit. In this podcast featuring two highly experienced professionals (Reginald Labuschagne and Harris Gorre), we unpack the capital allocation and investment considerations. Full transcript included. Don't miss this! Find it here>>> Unlock the Stock: The recording of the recent presentation by Astoria Investments is available at this link>>> Investec: The demographic shift in the world has major impacts on retirement planning. How can structured products help? Read it here>>> |
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| LISTEN: Chasing Returns from the Sun |
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| Not only can you invest in solar, but you can do it with the benefit of tax-enhanced returns thanks to current government policy. Tivon Loubser of Grovest joined me to discuss this.
(full transcript included)
Listen to the podcast here>>> |
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Local company news:
Novus is acquiring an AI specialist startup in Stellenbosch in a related party deal that effectively sees the Novus CEO on both sides of the trade. There are specific regulations in place to help companies navigate this type of thing. For Novus, the appeal here is to introduce AI technology into the textbook operations.
In the gold sector, we saw updates come in from AngloGold and DRDGOLD, in both cases telling a positive or mostly positive production story. No such luck at Sibanye-Stillwater, where EBITDA is trending in the wrong direction and at pace.
Trematon is an investment holding company that might not be on your radar, but perhaps the latest trading statement will inspire you to take a look at the diversified portfolio. The INAV is up, provided you adjust for the recent capital distribution to shareholders.
Get the details in Ghost Bites at this link>>>
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| LISTEN: Investing in Private Credit
(Reginald Labuschagne, Sanlam Private Wealth |
Harris Gorre, Grovepoint Investment Management) |
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| Get ready to learn - and in a big way. Reginald Labuschagne and Harris Gorre shared their extensive insights into how private credit can be used by investors for returns and diversification. Full transcript included. Listen to the podcast here>>> |
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| READ AND LISTEN: The Global Accelerator |
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| For Investec's views on how structured products can play a role in the context of shifting demographics and possibly delayed retirements, read this great article>>>
To learn about the Global Accelerator, which offers 100% capital protection in dollars at maturity after five years, while giving exposure to global equity indices, listen to this podcast with Japie Lubbe of Investec Structured Products. |
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| READ: Costa plenty - the hefty price of human error
(by Dominique Olivier) |
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| The Costa Concordia disaster was a display of practically every human flaw you can think of. The captain of that ship is a very strong case for self-driving (or sailing) vehicles.
Dominique Olivier unpacks it in this great article>>> |
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International business news:
The recent trend hasn't been positive for the cheaper quick-service restaurant (QSR) groups like McDonald's or Yum! Brands. Interestingly, the higher income business models like Chipotle Mexican Grill, Wingstop and Sweetgreen seem to be doing better.
In this CNBC article referencing industry data, it looks as though higher income consumers are still buying convenience takeaway meals. It makes sense if you think about the purchasing decision for dual-income families or very busy singles. They are buying a time solution as much as a food solution, so they are less price sensitive. There's also the health trend. Sweetgreen's salads sound better for your heart and waistline than McDonald's, so that can't be ignored in terms of frequency of purchase by consumers.
This week, we are covering another consumer favourite in Magic Markets Premium: Coca-Cola. If you're curious why this has been a staple of the Berkshire Hathaway portfolio, then subscribe to the platform here. |
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| LISTEN: Cashing in on clean |
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| There are so many investment opportunities stemming from South Africa’s energy transition.
In episode 4 of Investec’s The Current, discover how you can get some skin in the clean energy game. Hosted by Iman Rappetti, listen to the discussion here>>> |
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| Macroeconomic Update The dollar is flat ahead of key US data releases this week, with PPI due tomorrow and CPI on Wednesday. Sticky inflation is of course the main stumbling block in the Fed cutting rates, so the markets will be looking for any signs of moderation in prices, especially after the labour market looked softer in recent releases.
Despite disappointing Chinese data over the weekend, the rand was resilient and opened firmer this morning. Brent Crude wasn't so lucky after this release, down at $82.52.
Key indicators: USD/ZAR R18.42; US 10-year 4.50%; Gold $2,354; Platinum ZAR R18,335; Brent Crude $82.52
This macroeconomic update is based on TreasuryONE's morning update. |
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