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Good Morning Voornaam,

In a significant step forward for Purple Group (the controlling shareholder in EasyEquities with a 70% stake), the platform is being taken to the Asia Pacific region. EasyEquities has partnered with an unnamed e-wallet provider that will give access to "tens of millions of users" - that's a lot of people! This is a good time to refer you back to Episode 1 of Ghost Stories with Charles Savage, in which we unpacked how EasyEquities assesses global markets for expansion opportunities.

If you looked at the latest announcement from Prosus, you would think that we are in a bull market all over again. The group is paying EUR1.5 billion for a 33.3% stake in iFood from Just Eat. Here's the thing tho ugh - the business made a loss of around EUR185 million in the six months to June (the loss attributable to Just Eat's stake was EUR62 million)! Prosus has a bit of a reputation in the market for being a furnace for dividends from Tencent, with extensive reinvestment in companies that are loss-making and promising the world. Of course, there are also those who believe fully in these business models and what they might achieve. People having different opinions is precisely what makes a market!

In addition to these stories, Ghost Bites has updates on earnings from Standard Bank, Aveng and Spur. The TRP is also being kept very busy.

Learn with Ghost Mail

Chris Gilmour's contribution on this fine Monday is a piece on South African grocery market share and how difficult it is to get an accurate answer for this. Trying to match StatsSA data to listed company analysis isn't easy!

Episode 89 of Magic Markets is an opportunity to understand our research process in Magic Markets Premium and how we unpack listed companies, including concepts like bull vs. bear case, management track record and fundamental analysis.

Daily Market Wrap with TreasuryONE

Friday was a poor day for the rand as the mighty US dollar marched forward. Risk aversion has become the name of the game again, with c apital flooding into the greenback. Despite the risk-off environment, the gold price took a knock due to the stronger dollar. The rand poked its head above the R17 level, something that very few South Africans want to see.

On Thursday morning at 9am, the TreasuryONE team will be hosting another wonderful webinar for Ghost Mail readers. The focus is on inflation and the threat of recession. Of course, there will be time for Q&A at the end - a terrific opportunity to tap into the team's experience. Attendance is free so be sure to register at this link.

Have a terrific start to the week!

Ghost Bites Vol 73 (22)

Prosus is still buying assets like it's a bull market. Standard Bank released a great set of results, with updates also in from Aveng and Spur. The TRP is being kept busy.

South African grocery market share

Chris Gilmour explains why grocery market share data in South Africa is complicated. The informal sector is significant and StatsSA reporting doesn't necessarily tie up with categories that listed companies play in.

Report: The Management Consulting and Business Advisory industry

Although the management consulting industry has found itself at the heart of the State Capture catastrophe, there is great demand for these services and many great people delivering them. Ghost Mail readers can enjoy a 40% discount on Who Owns Whom resear

Magic Markets Ep89: Unwrapping our Research Process

Learn more about the research process that we apply in Magic Markets Premium every week, ranging from bull case vs. bear case through to fundamental analysis.

Listen Now

Ghost Stories Ep3: Carel Nolte (EasyEquities)

In Episode 3 of Ghost Stories, Carel Nolte joins me to discuss insights from the data on investor behaviour on the EasyEquities platform.

Listen Now

EasyEquities is a product of First World Trader (Pty) Ltd t/a EasyEquities which is an authorized financial services provider (FSP no.2225880) and a registered credit provider (NCRCP12294).

EasyProperties is a juristic representative of the First World Trader (PTY) Ltd t/a EasyEquities which is an authorised financial services provider (FSP) number 22588.

EasyEquities does not act as an FSP when allowing you to buy and sell the EC10 bundle as well as any other cryptocurrencies.

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