| Good morning Voornaam, There's an excellent new episode of Magic Markets coming your way this week, featuring geopolitical analyst Dimitri Zabelin and a discussion on how Trump's policies could impact markets - including emerging markets. To set the scene from an equity perspective and focusing on the tech companies driving global indices, our most recent episode was a dive into those tech earnings and how we are positioned in the sector. Find it here>>>
Have you read Dominique Olivier's latest column on whether we are really living longer? You always have to be careful of statistics presented as a marketing tool. After all, wouldn't it be convenient for the retirement industry if we suddenly started living past 100? Dominique separates fact from fiction in this piece>>>
MultiChoice delivers us the juiciest company news story this morning. I must be honest, after suffering through an unwatchable stream of the Springboks game over the weekend, there's zero sympathy from my side that they lost a whopping 1.8 million subscribers in the past year, or 11% of their base! The results are awful and I can't imagine where this leaves them if the Canal+ deal is blocked.
Elsewhere, companies like AVI, Bidcorp, Premier and Santam are doing a solid job of navigating tricky conditions. The AVI and Bidcorp narratives give opposing views on South African consumers, so the uncertainty of the quality of the GNU-led recovery remains.
At least there are no doubts at Quantum, where things are far better in poultry, or Mantengu Mining where they are ramping up the business. Over at Metair, they are a step closer to selling the business in Turkey in a critical deal. And at Powerfleet, it's also all about the deals - especially integrating them and achieving cost savings.
For details on these stories and the other Nibbles, read Ghost Bites here>>>
Keen to learn more about Calgro M3? You'll enjoy their latest appearance on Unlock the Stock. The dynamic duo in the management team also spoke about why they are moving on from the group after so many years and what the future holds for Calgro M3, so don't miss it.
Our next Unlock the Stock session is with TWK, a group operating across various agriculture verticals. You can register to attend on 21 November for free here.
Have a great day! |
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| THE TRADER'S HANDBOOK: Insights and strategies for commodity markets - oil, gold and more |
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| | | In this episode of The Trader’s Handbook, Shaun Murison from IG Markets South Africa joined me to explore the world of commodity trading.
We discussed the nuances of trading popular commodities like gold and oil, comparing direct commodity trading to investing in mining stocks, and delved into the unique appeal and risks associated with each.
We also covered double tops and double bottoms in the technical analysis section.
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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| INVESTEC: India a gateway to outsized emerging market opportunities |
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| As the global economy shifts from a high inflation and high interest rate environment into the next interest rate cutting cycle, global investors are casting their net wider in their search for returns. India is an attractive opportunity. Investec explains why in this article>>> |
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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: We're living longer... I think |
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| | | Are we actually going to live past 100, or are retirement product adverts just working hard to convince us that we always need to save more? Dominique Olivier separates fact from fiction in age expectancy statistics. Find it here>>> |
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| Ghost Bites - local company news: |
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| Ghost Bites: The latest on AVI, Bidcorp, Mantengu Mining, Metair, MultiChoice, Powerfleet, Premier, Quantum, Santam and numerous Nibbles in Ghost Bites here>>> |
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| Unlock the Stock - Calgro M3 |
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| Top concerns for global financiers in today's market |
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| | | Join Investec CEOs, Cumesh Moodliar (SA) and Ruth Leas (UK), as they share their key insights from the recent IMF and World Bank meetings in Washington in the latest episode of No Ordinary Wednesday. |
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| International Business Snippet: |
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| In case you needed any further proof that share prices trade on future estimates rather than actual numbers, Spotify's share price jumped 7% based on a profit forecast for the fourth quarter ahead of estimates, even though they missed estimates for the third quarter! Spotify Premium memberships are up 12% year-on-year. It's one of the very last products I would ever cancel in my life, so I totally get it.
Home Depot beat estimates for earnings and revenue, with sales up 6% year-on-year. Although the group hasn't seen much uplift in spending from interest rates coming down, they are trying to convince the market that there is "pent-up demand" for projects.
Our latest research in Magic Markets Premium is on Microsoft. The world's most important tech business from an enterprise computing standpoint isn't just adapting to the world of AI - it's driving that world forward. But does that change the Microsoft investment case? You'll find out in our research for subscribers 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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| As US Treasury Yields continue to rise and the dollar trades at four month highs, equity markets around the globe are trading softer ahead of today’s US CPI and Core CPI inflation data release.
The JSE All-Share Index is in turn expected to open flat to marginally lower, while the rand is trading at its weakest levels against the greenback since August this year.
Oil prices are trading flat in early trade today although remain near their lowest levels in more than a week.
Base metals have been led lower by copper prices as China’s recent stimulus measures fail to provide confidence around demand from the region and the dollar continues to weigh.
Gold remains in a long term uptrend although trades at its weakest levels since the US election, with the stronger dollar continuing to provide a headwind for the precious yellow metal.
Key Indicators: USD/ZAR R18.08/$ | US 10yr 4.43% | Gold $2,615/oz | Platinum $952/oz | Brent Crude $71.90
The macroeconomic update is based on the morning call update by IG Markets |
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