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Good Morning Voornaam,

With updates on companies like Tiger Brands, Purple Group and a trio of retailers (Shoprite, Spar and Woolworths), the Ghost Wrap podcast is a whirlwind update on the past week's biggest stories. Ghost Wrap is brought to you by Mazars. Designed by a busy person for busy people, you'll find it here>>>

Ghost Bites:

Barloworld b> banks a big result, declares a juicy special dividend and announces the unbundling of Zeda (the name of the car rental group that owns Avis and Budget)
Ethos Private Equity is set to merge with The Rohatyn Group, which is relevant to shareholders in Ethos Capital and Brait
Naspers' HEPS has swung into the red, driven by lower profitability across the group's investments
Netcare is a case study in operating leverage, as modest revenue growth of 2.1% makes a big difference to profitability
Sirius Real Estate grew strongly in the six months to September, but my prediction came true: the share price is trading below NAV
Sun International shines on Grand Parade, increasing its stake to 21.1% in the company
Tsogo Sun Gaming demonstrates that casinos have cashed in

As you can see, it was a very busy day of news. There's no chance you can read all these announcements and have a day job outside of the investment industry. Luckily, I do it for you and package the stories in one place: Ghost Bites. For these updates and more on Fortress, PPC, Astral and Old Mutual, read Ghost Bites here>>>

Sigh. Covid.

China's zero-tolerance approach to Covid means that every time the virus makes an unwanted appearance in the region, the market panics and assumes that everything will be shut down again. The latest scare sent the rand to R17.45 against the dollar as risk-off sentiment hit the markets, though it recovered to around R17.33 in the afternoon session. Gold and Brent Crude both drifted lower based on the news out of China.

This may soon be forgotten, with TreasuryONE looking ahead to the US FOMC minutes that will be released on Wednesday. Should the hawkish tone hold, the rand and other emerging market currencies would likely be on the back foot.

Read, listen and watch

There's a lot of fantastic content for you to make time for:

The latest Ghost Wrap podcast with the biggest stories on the JSE from the past week
Chris Gilmour's concerns about the UK economy
A view from Andre Botha of TreasuryONE and George Glynos of ETM Analytics on the likelihood of a global recession in 2023
Recent Unlock the Stock recordings with TWK Investments or Equites Property Fund (pick your favourite or better yet - watch both!)

Finally, those of you who are curious to learn more about the critical themes in US Big Tech based on the latest earnings season should definitely make time for Magic Markets this week. In the latest episode, we discuss the most interesting nuggets emerging from the likes of Apple, Amazon and Meta. Listen to it here>>>

I think that's more than enough to keep you out of trouble today. Have fun!

Ghost Bites (Barloworld | Ethos | Naspers | Netcare | Sirius | Sun International | Tsogo Sun)

Barloworld banks a big result. Ethos to merge with Rohatyn Group. Naspers's HEPS swings into the red. Netcare is a study in operating leverage. Sirius grew strongly but is trading below NAV. Sun International moves on Grand Parade. Tsogo recovers.

Is the world hitting the brakes?

Andre Botha of TreasuryONE and George Glynos of ETM Analytics present their case for why 2023 has a high chance of being a recessionary year.

The UK: land of austerity

In his latest piece, Chris Gilmour takes a deeper look at the medium-term prospects for the UK. Spoiler alert: they aren't great.

Unlock the Stock: Equites Property Fund

Equites Property Fund joins Unlock the Stock for the first time. If you're interested in industrial property, this is a great discussion.

Unlock the Stock: TWK Investments

Diversified agriculture group TWK Investments returned to Unlock the Stock to update you on the latest results and the prospects of the business.

Ghost Wrap #2 (Premier listing | Tiger Brands | Purple Group | eMedia | Vodacom | Transaction Capital | Spar | Woolworths | Shoprite)

Ghost Wrap is fast, fun and informative. Welcome to your weekly wrap of the most important and interesting stories on the JSE.

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Magic Markets Ep102: Themes in Big Tech

Having recently covered Meta, Amazon and Apple in Magic Markets Premium, we decided to look back on the key themes emerging from these companies and their peers.

Listen Now

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