Good morning Voornaam,
Are you looking for a really insightful podcast to fill an hour today? The latest Ghost Stories episode with Nico Katzke of Satrix certainly does the trick. Halfway through the show, I (foolishly) allowed Nico to take the mic and put me through my paces. He really did take advantage of the opportunity! Listen to it here>>>
It's been lovely (but certainly not surprising) to see the positive response to Dominique Olivier's first weekly column. If you haven't checked it out yet, then you might not know the origins of the term "drinking the Kool-Aid" and what we can learn about the dangers of charismatic personalities, especially when those personalities are trying to sell you something. Read it here>>>
And if you need to stretch your budget a little further this December, check out these money saving hacks from AA Inform to help you make it from the 1st of Dezemba to the 795th of Dezemba.
Enjoy today's content and have a great day! |
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NEW: Kool-Aid has an awful aftertaste
(by Dominique Olivier) |
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| | "Drinking the Kool-Aid" is one of those terms that has become entrenched in the business world.
The origin is rather macabre, to say the least. What can it teach us about charismatic personalities and scammers? |
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NEW: Ghost Wrap podcast
(MTN | Woolworths | Pepkor | Octodec | AB InBev) |
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| | The latest Ghost Wrap podcast needs just a few minutes of your time to get you up to date on MTN, Woolworths, Pepkor, Octodec and AB InBev. Ghost Wrap is brought to you by Mazars. |
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NEW: Money saving hacks from AA Inform |
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I have a feeling that post-Bok festivities will make this one of the longer Dezemba periods in memory. And if the Boks don't do it, then you can trust the Reserve Bank to give you the squeeze.
AA Inform brings you four money saving hacks to help you make it through the festive season. |
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LATEST: Ghost Stories podcast with Nico Katzke of Satrix |
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| | Nico Katzke is no stranger to Ghost Stories listeners. There's always so much to learn from him about markets and investing. This time, you also get to enjoy him putting me through my paces in the second half of the show. |
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NEW: Magic Markets podcast |
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In Episode 149 of Magic Markets, we worked through the latest numbers and strategic news from Amazon and Alphabet.
Alphabet owns Google, so you probably use one of the group's services every day of your life. Amazon is coming to South Africa, so that's of great relevance to all of us as well.
Thanks to B2IT, you can get our views on these two important companies. And remember: if you hate it, automate it with B2IT. |
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BRAND NEW: Unlock the Stock |
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Bell Equipment and Calgro M3 returned to the Unlock the Stock platform in a joint session to share insights into the recent numbers and the strategic outlook.
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 There was a slow start to the week on Monday, with momentum for the rand having stalled. It settled at R18.30 after having a stab at breaking below R18.16 earlier in the day.
There isn't much data this week for markets to get excited about, although there will be Fed speakers throughout the week. Fed Chair Jerome Powell is scheduled for Thursday.
Weaker Chinese trade data was relevant to the rand, taking it to R18.36 this morning. A 25 basis points hike by the Reserve Bank of Australia also didn't help risk-sensitive currencies.
The Chinese data hit commodity prices, which opened lower this morning.
Locally, ratings agency Fitch warned of challenges for South Africa to meet its fiscal targets announced in the MTBPS, with wage costs of particular concern. Of course, infrastructure problems like electricity and rail also feature.
And in case you've been tracking it, the US 10-year yield is at 4.64% this morning. |
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| | Get the latest on Accelerate Property Fund, AECI, enX, Examplar REITail, Hyprop, MTN, Redefine and Sibanye to keep you up to date.
It's all available with a single click in Ghost Bites. |
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I still prefer industrials in these conditions A theme I've been trying to drive home this year is that industrial companies seem to do better in this environment than consumer-focused companies. They simply have much better pricing power, along with the benefit of manufacturing capacity that was in many cases built quite some time ago.
In other words, there are many fixed costs rather than variable costs, which is precisely what you want when inflation is high.
Although AECI is struggling in Germany, group revenue and EBIT is 10% higher. At enX, we find a load shedding winner that I don't think is on too many radars at the moment, despite the strong performance in continuing operations.
For good examples of where things aren't so exciting, there are property updates from Accelerate, Hyprop, Exemplar REITail and Redefine, all of which point to some of the challenges in the sector and the strategies being employed to navigate them. We also had news from MTN Rwanda, where profits are shrinking despite such an inflationary environment.
Finally, there's a wage deal for Sibanye-Stillwater at one of its mines.
For details on these stories, read Ghost Bites at this link>>>
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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.
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