Santova: small cap hero

Good Morning Voornaam,

There's just one more sleep until the next bizval webinar, featuring a panel discussion with the founders of bizval (including yours truly) and special guests from Syft Analytics. Attendance is free but you must register here for the event tomorrow>>>

For a useful warm up for the event, you can listen to my podcast with Vangelis Kyriazis (co-founder and CEO of Syft Analytics) where we talked about the journey of taking a South African software business to the world.

The latest from the JSE

The best way to get up to date on interesting recent news on the JSE is to listen to Ghost Wrap every week. I know you're busy, so I package updates on several companies into a single, hard-hitting podcast that you can easily find time to listen to. Brought to you by Mazars every week, the latest episode features AB InBev, Famous Brands, Calgro M3, CMH, Astral Foods, Pick n Pay and Santova. Listen to it here>>>

In Ghost Bites this morning, there are only a handful of stories from what was a quiet day of news on the JSE. Santova was by far the most interesting update, with this small cap continuing to report strong earnin gs growth. The market cap is now over R1 billion after a period of sustained share price growth. If this carries on, it won't be the last billion-rand milestone that the company reaches.

In addition to this story, you can get details on the latest acquisition by Alexander Forbes and the tough results out of MTN Rwanda.

Read Ghost Bites here>>>

Podcasts to help you learn

There are two new podcasts that will help you understand more about some of the common topics debated in finance.

The first is a Ghost Stories podcast with Nico Katzke of Satrix, in which I thoroughly enjoyed an objective discussion on offshore vs. local investing, one of the most important questions for any South African investor. Enjoy it here>>>

The second is a new episode of Magic Markets, in which Mohammed Nalla and I talked about growth vs. value investing and used some well-known global stocks as examples. There was also some fun debate around the longer-term performance of some of these stocks. Find it here>>>

Non-farm payrolls hurt emerging marketsont>

US non-farm payrolls surprised to the top side, coming out at 253,000 vs. 185,000 expected. Unemployment fell to 3.4% in April from 3.5% a month prior and average hourly earnings were also up. TreasuryONE highlights that treasury yields rose as the market believed that interest rates could stay higher for longer. The rand weakened to within sight of the R18.50 level.

Gold lost some of its shine after the payrolls number as well, trading at around $2,000 per ounce. Brent Crude prices surged as a strong US economy would be good for oil demand and there's no sign of a US recession in these numbers. This week, we have the US inflation number which will either confirm the US economic strength or confuse the market further!

For those of you who enjoy videos, remember to subscribe to the TreasuryONE YouTube channel for weekly updates on the market.

Have a great start to your week!

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