First up, there's a brand new episode of The Trader's Handbook with IG Markets South Africa. In episode 11, it's all about why demo accounts are key to a smarter trading journey. Or, in simple terms, why it's important to make mistakes with Monopoly money before trying out the real thing. Find it here>>>
In company news, the market more than made up for the breather on Tuesday. It was a huge day of news, spearheaded by Boxer achieving strong institutional interest and an oversubscribed raise at the top of the guided range - no real surprise there.
The news that was far more surprising was Sanlam's deal with Ninety One. Essentially, Sanlam is putting its active asset management business into Ninety One and the groups will be working together on it going forward. That's big news for both, but especially for Ninety One in terms of growing its platform.
Other deal news came in from Lesaka with another acquisition, this time in the utilities payments space. Tiger Brands is selling off its baby wellbeing business, excluding baby nutrition which is still a core asset.
A flurry of earnings news saw updates from African Media Entertainment, Burstone, Momentum, NEPI Rockcastle, Primeserv, Reinet and RFG. I told you it was a busy day!
Oh, and Kore Potash has finally concluded the EPC contract for the project in the Republic of Congo. Now they need to get the money to pay for it.
I do the hard yards on SENS so that you don't have to. These stories and the Nibbles are all available in Ghost Bites here>>>
For the tax professionals and CFOs among you, Forvis Mazars have published an article on the concept of similar finance charges and the recently released interpretation note. Check it out here>>>
Our next Unlock the Stock session is with TWK, a group operating across various agriculture verticals. You can still register to attend late today but you need to be quick! Register for free here.
Have a great day! |
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THE TRADER'S HANDBOOK: Why demo accounts are key to a smarter trading journey |
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| | In this episode of The Trader’s Handbook, Shaun Murison from IG Markets South Africa joined me to dive into the value of demo accounts for traders. A demo account provides a risk-free environment, allowing you to practice, learn, and test strategies without the pressure of real money on the line.
We discussed how to approach your demo account with discipline, treating it as if it were real money. Expect to experience losses, but understand that they’re part of the learning process – not a barrier to success. By being realistic about your demo experience, you can better prepare yourself for live trading.
The podcast and detailed transcript are available here>>> |
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FORVIS MAZARS: Innovative funding remains the charge powering South Africa's energy transition |
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| | The ongoing evolution of the renewable energy investment landscape in South Africa requires innovative funding structures, as explained by Johan Marais and Taona Kokera of Forvis Mazars in South Africa. Learn more here>>> |
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SATRIX: Shari'ah-compliant Investing |
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| | Shari'ah-compliant investing in South Africa just got a major boost with the listing of the Satrix MSCI World Islamic ETF on the JSE in October.
Yusuf Wadee of Satrix joins me to unpack this fund and the fascinating Shari'ah principles in general. There's much to learn here, regardless of whether your faith requires you to invest based on these principles.
Along with a detailed transcript, you'll find it here>>>
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DOMINIQUE OLIVIER: In loving memory of the internet |
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| | With bots on the rise, algorithms controlling what we see and machine-written content filling in the cracks, is there any space left on the internet for humanity? Find it here>>> |
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Ghost Bites - local company news: |
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Ghost Bites: The latest on African Media Entertainment, Boxer, Burstone, Kore Potash, Lesaka, Momentum, NEPI, Ninety One - Sanlam, Primeserv, Reinet, RFG, Tiger Brands and numerous Nibbles in Ghost Bites here>>> |
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Unlock the Stock - Calgro M3 |
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MAGAnomics: Trump and the global economy |
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International Business Snippet: |
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NVIDIA was of course the big news yesterday, reporting third-quarter earnings that were ahead of expectations for sales and earnings. A casual 97% jump in revenue is barely a surprise at NVIDIA, such is the power of AI-driven demand at the moment. Still, it's a slowdown from the even crazier growth rates of the preceding few quarters. If you can believe it, the share price traded 2.5% lower after-hours despite these numbers!
Over at retailer Target, I'm afraid it's a very different story. They missed third-quarter estimates for earnings and revenue. On top of that, they cut guidance for the full-year numbers. Off the back of really strong numbers from Walmart, this is a poor outcome. They blame softness in discretionary categories, yet Walmart is saying the opposite. Weak businesses are very good at blaming external factors for their shortcomings.
Our latest research in Magic Markets Premium is on Amazon. This is a perfect example of a platform business finally coming into its own, with the eCommerce business contributing positively as well. Does this make it a compelling choice vs. some of the Magnificent 7 peers? Subscribers find out this week. |
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Magic Markets: Making Forex Better |
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| | Magic Markets: Future Forex is on a mission to make forex cheaper and simpler for individuals and businesses alike. Harry Scherzer joined us to talk about their evolution from a strong crypto arbitrage foundation. Find it here>>> |
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IG Markets Morning Call: daily macroeconomic update |
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US and European index futures as well as Asian equity benchmarks are marginally lower this morning, so we expect a slightly softer start for the JSE All-Share Index.
The dollar renewed gains overnight, although Treasury Yields are flat on the day.
The rand has in turn started to depreciate against the strengthening greenback once again.
Gold has continued to gain despite dollar strength, finding impetus for direction from increasing geopolitical tensions.
Oil is flat on the day.
On the local data front, traders will want to watch out for the SARB’s rate decision this afternoon. Internationally, we await weekly unemployment claims out of the US.
Key Indicators: USD/ZAR R18.13/$ | US 10yr 4.40% | Gold $2,657/oz | Platinum $967/oz | Brent Crude $72.74
The macroeconomic update is based on the morning call update by IG Markets |
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