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Good Morning Voornaam,

You're busy, aren't you? I know the feeling, which is why I designed Ghost Wrap for busy people. In around 8 minutes each week, I recap the biggest stories on the JSE. Brought to you by Mazars, the latest edition covers Zeda, Emira, Attacq, Italtile, Cashbuild, Pan African Resources, AngloGold, Gold Fields, DRDGOLD, Absa and Discovery. That's a lot of value for a modest investment of your time! Find it here>>>

If that podcast doesn't grab you, then here are a couple of other alternatives:

Say hello to helium, with Stefano Marani (CEO of Renergen) as my guest on Ghost Stories to talk about the importance of helium, the Renergen project and the future capital raising strategy.
Learn about the engine room of a brokerage, with Trive South Africa COO Marius Grobler on Magic Markets. He spoke about the complexities of building the back-end of a multi-asset investment platform.

All that glitters...is probably just glitter.

Gold. Dear oh dear. The more inflation goes up, the stronger the dollar gets and the worse gold performs. I stood a better chance of fi nding an inflation hedge somewhere in my garden. The leafy kind is at least enjoyable to look at while its value goes nowhere.

A few weeks back, regular readers will recall my comments that I sold out after the rally at the start of the year. I'm so glad I did, with the gold miners having another awful day on the market, led by AngloGold which tanked 6.5% yesterday.

It's simple, really. In a time of inflationary pressures, a commodity price that trades sideways is unhelpful. With no industrial demand as an underpin for its existence, gold is particularly vulnerable. This puts the miners under great pressure, as their costs are rising with inflation but commodity pricing isn't.

In addition to AngloGold, I covered Bidcorp (a truly brilliant company), Choppies, Coronation, Grindrod, Sasfin and Standard Bank in Ghost Bites this morning. This was a fun mix of companies with both good news and bad. Find it here>>>

Do rey me fa so-lar...

Forget the music. The so-lar is desperately needed, as Stage 6 is starting to look a lot like Apple was behind it, with Stage 6+ being the practical implementation. In reality, we are on Stage 7, but nobody wants to admit it.

The rand has been hurt by load shedding, though it firmed after the release of the budget speech. Although there were some positives for consumers in the budget speech, the news of a bailout for Eskom didn't do any favours for our debt to GD P expectations.

As TreasuryONE highlights, the rand is far from being out of the woods. The Fed is hawkish, with a chance of three more 25 basis points hikes this year.

Ukraine: one year on

Incredibly, it's already been a year since the Russian invasion of Ukraine. Chris Gilmour is passionate about this topic and has weighed in again on the Russian campaign in this article>>>

Win a Takealot voucher!

Stand a chance to w in a Takealot voucher by completing the Jaltech annual Alternative Investments Report survey. There are only 10 questions, so it shouldn't take you a long time. Find it here>>>

Have a lovely Thursday and good luck in the markets today.

Ghost Bites (AngloGold | Bidcorp | Choppies | Coronation | Grindrod | Sasfin | Standard Bank)

AngloGold tanks further. Bidcorp releases great numbers. Choppies is struggling. Coronation quantifies the tax dispute. Grindrod grows strongly. Sasfin keeps disappointing vs. Standard Bank doing well.

One year on: Ukraine

In the week of the one-year anniversary of the conflict in Ukraine, Chris Gilmour updates his views on the war and the prospects for Russia.

Sasol interim CHEPS up 9%, mixed earnings performance

Sasol's interim results are a mixed bag. Get closer to the details in this article provided by the company.

Ghost Wrap 12 (Zeda | Emira | Attacq | Italtile | Cashbuild | Pan African Resources | AngloGold | Gold Fields | DRDGOLD | Absa | Discovery)

Covering numerous updates across the gold mining, financial services, property and consumer sectors, Ghost Wrap is your whirlwind update on the week's most interesting JSE updates. Ghost Wrap is brought to you by Mazars.

Listen Now

Ghost Stories #6: Say Hello to Helium (Stefano Marani, CEO of Renergen)

In Ep6 of Ghost Stories, Renergen CEO Stefano Marani joined The Finance Ghost to unpack the uses of helium and Renergen's operations, along with the capital raising strategy for the project.

Listen Now

Magic Markets Ep112: The Brokerage Engine Room (with Trive)

A multi-asset investment platform is a complicated animal to build and operate. Trive South Africa COO Marius Grobler joined us to explain how it all works behind the scenes.

Listen Now

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Disclaimer

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