| Good morning Voornaam,
And what a good morning it is, with South African hearts filled with joy and national pride. Eskom is back, but so is the Webb Ellis Cup. I hope you made the most of the opportunity to celebrate our famous victory!
They really couldn't have made it more dramatic, could they? Three knockout games in a row with a one-point margin. I think the Netflix-quality sports documentary on Showmax will need to be called Chasing the One as a follow-up to Chasing the Sun that was based on the last world cup.
One thing MultiChoice has certainly been doing is chasing the bucks. We will have to wait and see how many new subscribers this brought into the fold, but my theory was always that the Rugby World Cup is a much stronger catalyst for subscriber growth than the FIFA World Cup. Those who watch international soccer likely already had DStv, especially as the more affordable tiers tend to be built around soccer. Bafana isn't even in the world cup and they definitely don't drive anyone to part with much money to watch them draw against global powerhouses like Eswatini and Namibia.
The Springboks? A different story entirely. And let's not forget the Proteas who are putting on a serious show in the Cricket World Cup. I can see a number of recent DStv subscribers at least sticking around until the end of the cricket. MultiChoice will certainly be hoping that this is the case.
Moving on from the incredible excitement of this weekend and the magic of the Boks, I have another home-grown story for you that is well worth a listen. I recently wrote critically about the pricing of the African Bank acquisition of two businesses from Sasfin. African Bank is used to giving credit but now it's my turn to do so, as they reached out to engage with me and opted to tell the broader strategic story to Ghost Mail readers.
This platform has always been and will always be free for you to read, so the support of corporates and brand partners is what makes it possible. This is why the Ghost Stories podcast with African Bank CEO Kennedy Bungane is a paid podcast. The way I work is that my questions are always independent and the content is objective and balanced. Paid or otherwise, I put my name behind the content.
So, to hear directly from Kennedy Bungane about the African Bank growth strategy and how the recent acquisitions fit in (Grindrod Bank, Ubank and Sasfin's two business units), listen to this podcast>>>
And whilst salads don't win scrums, I've had to remind myself after some high-intensity games and associated snacking that I actually don't scrum for a living. Salads do go quite a long way towards doing well in DD2 karting though, my sport of choice.
Time for some post-Bokke load shedding of my own!
Have a terrific day.
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| BRAND NEW: Ghost Wrap podcast
(Santova | Spear REIT | Bytes Technology | Super Group | Clicks) |
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| | | The latest Ghost Wrap podcast needs just a few minutes of your time to get you up to date on Santova, Spear REIT, Bytes Technology, Super Group and Clicks. Ghost Wrap is brought to you by Mazars. |
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| LATEST: Magic Markets podcast |
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| In Episode 148 of Magic Markets, we worked through the latest numbers and strategic news from Tesla and Netflix.
It's critical to remain objective when looking at these global tech giants, although it's still rather debatable whether Tesla is a tech company!
Thanks to B2IT, you can get our views on these two important companies. |
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| Lesaka Technologies joined the Unlock the Stock platform for the first time to talk about the recent financial performance and the strategy. You can watch the recording here, thanks to our partner A2X. |
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| LATEST: The ETF revolution - views from Satrix |
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| Kingsley Williams of Satrix gives us nine reasons why the boom in ETFs makes sense.
In my opinion, every investor should be using ETFs in a portfolio. This is why I'm always grateful to Satrix for their insights in Ghost Mail. |
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| DAILY: TreasuryONE Market Update US core PCE printed at 3.7% on Friday, exactly in line with expectations. The market hardly reacted at first, before we saw dollar weakness in late afternoon trading. This helped the rand break below R18.80, although that break was sent to the TMO for review and was subsequently overturned, with the rand moving back above that level.
Commodity markets were also muted, with Brent Crude creeping lower on Friday.
This morning, the rand is at R18.81 and Brent Crude is at $89.25. Notably, the gold price has moved above $2,000 an ounce!
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| | | Get the latest on Renergen and Sasfin, along with an assortment of Little Bites to keep you up to date. It's all available with a single click in Ghost Bites. |
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| The Renergen rollercoaster Renergen continues to exhibit sharp moves based on sentiment and even the smallest piece of news. As a junior mining house, I really don't think that the current HEPS numbers should make much difference to the story. This didn't stop the market going on a rollercoaster ride with Renergen on Friday based on the release of earnings guidance.
Speaking of rollercoasters, a long-term share price chart of Sasfin looks more like the profile of a exciting mountain bike race than a stock you actually want to own. The latest earnings update does little to change that.
For details on these stories and the usual assortment of Little Bites (including director dealings), read Ghost Bites here>>>
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| You should expect us in your inbox Monday – Friday. If you don’t receive an email, please check your spam, or junk folder and “move us” into your primary inbox to ensure you get it each morning.
Disclaimer
Our content is intended to be used and must be used for informational purposes only. You must do your own analysis before executing any investments or strategic decisions, based on your own circumstances. We do not provide personalised recommendations or views as to whether an investment approach or corporate strategy is suited to the needs of a specific individual or entity. You should take independent financial advice from a suitably qualified individual who gives due regard to your personal circumstances.
Whilst every care is taken, we accept no responsibility or liability for any errors or omissions in any of our content.
The views, thoughts and opinions expressed in our content belong solely to the author or quoted individuals and/or entities, and not necessarily to the author's employer, organisation, committee or other group or individual, or any of our affiliates or brand partners. |
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