In Ghost Mail, my goal is to help South Africans become better investors and traders. It's as simple as that. For those willing to put in the effort, the reward is a better financial lifestyle and a deeper understanding of the business world. This is why I am enjoying my partnership with IG Markets South Africa so much, as I believe that the podcast series we are creating is a wonderful stepping stone for those considering trading.
The latest episode is now out, taking a step away from stock trading to focus on index trading instead. Although an index is just a basket of stocks, the strategies tend to be quite different. You can learn about index trading in this podcast and for those of you who prefer to read, there's a full transcript as well.
Yesterday was a lighter day of company news on the local market. Sanlam has closed the Assupol deal and Insimbi Industrial Holdings has released a much tighter trading statement. Perhaps the most interesting news was the sale of a business by an AYO Technology subsidiary to Mustek. I also covered Visual International's plan to capitalise some of its loans, along with a discussion on what that actually means.
All these updates plus numerous Nibbles are in Ghost Bites at this link>>>
If you are an employer or employee with a cross-border leg to the relationship (e.g. you're a South African working for a foreign company), then the latest Ghost Stories podcast with Elzahne Henn of Forvis Mazars in South Africa is a must-listen. There are many common mistakes made in the tax and exchange control elements of these relationships, with potentially painful outcomes. Avoid them by exposing yourself to the pitfalls, as discussed here>>>
Don't forget to register for Unlock the Stock this Thursday, featuring Pan African Resources.
Have a great day! |
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FEATURED: The Trader's Handbook Ep 8 |
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| | IG Markets Episode 8: In Episode 8 of The Trader’s Handbook, learn why indices are an attractive option for traders, providing broad market exposure, lower risk compared to single stocks and significant cost advantages. We also discussed practical tips on technical indicators such as RSI and stochastic oscillators. Enjoy it here>>> |
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FEATURED: Global Mobility - Common Mistakes by Employers and Employees |
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Ghost Stories podcast: Elzahne Henn of Forvis Mazars in South Africa sheds light on the common mistakes and misconceptions related to cross-border employment. These insights are valuable for employers and employees alike. Enjoy it here>>> |
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Satrix: Index-tracking and the balance between returns and fees |
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Satrix: The importance of fees in an investment strategy cannot be emphasised enough, especially when you consider the power of compounding. In this piece, Satrix explains how index-tracking strategies help balance returns and fees. Find it here>>> |
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Dominique Olivier: Venice Biennale - The World at a Glance |
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| | Dominique Olivier: If art is a mirror, as the saying goes, then the Venice Biennale offers what can only be described as a panoramic reflection of the world in 2024. In this exclusive for Ghost Mail, Dominique takes you on a journey into how contemporary art is the outlet for humanity. Get it here>>> |
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Ghost Bites - local company news: |
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Ghost Bites: The latest on AYO Technology - Mustek, Insimbi Industrial Holdings, Sanlam, Visual International and numerous Nibbles in Ghost Bites here>>> |
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| | Ghost Wrap: Get up to date on the performance and latest news at Nampak, SPAR, Metair and Transaction Capital in just a few minutes. Brought to you by Forvis Mazars, you can enjoy Ghost Wrap here>>> |
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CA Sales Holdings on Unlock the Stock |
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Unlock the Stock: CA Sales Holdings has been a regular feature of Unlock the Stock. Those who have backed the strategy have gotten excellent returns from it. In this video, they presented the recent numbers and engaged with the audience's questions. Get it here>>> |
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Investec podcast: responsible investing |
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| | Investec Wealth & Investment International has launched a comprehensive guidebook on responsible investing. In the latest episode of the No Ordinary Wednesday, Jeremy Maggs speaks to the authors, Boipelo Rabothata and Maxine Gray. Enjoy it here>>> |
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International Business Snippet: |
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PepsiCo has trimmed its expectations for full-year revenue, with the second quarter in a row of sales that were below what they wanted. They managed to beat on earnings per share at least, so there's some cost control there.
According to the group, shoppers in the US are snacking less and making fewer purchases at convenience stores. I guess as belts are tightened, there's less money for Doritos. Ironically, this change in shopper behaviour leads to actual belt tightening! Speaking of health concerns, the group recently announced the acquisition of Siete Foods for $1.2 billion, with snacks that meet dietary restrictions.
PepsiCo's share price is incredibly resilient, up 5.6% over the past 12 months despite the challenges. Demand may ebb and flow, but have you tasted how ridiculously delicious those blue Doritos are?
Our latest research in Magic Markets Premium is on Verizon. Do the economics for telecoms players look any better in the US than in South Africa? You'll find out in the latest report for our subscribers this week. |
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Magic Markets: How to Read a Balance Sheet |
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| | Magic Markets: The balance sheet is often the difference between success and failure for a corporate.
Reading a balance sheet is a key step in equity analysis, but what are the most important things to look out for? Get it here>>> |
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IG Morning Call: daily macroeconomic update |
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US equity markets rebounded into yesterday's close and European benchmarks look to have stabilised in moves that are without the influence of any new news. Asian equity markets remain volatile, selling off in the early session before rebounding sharply, as markets assess the prospect of new fiscal stimulus to come against details of monetary easing that are not yet fully transparent.
The dollar remains firm and US Treasury Yields have continued to etch higher as the outlook for monetary easing within the region dims. The rand is in turn trading on the back foot having breached the R17.50/$ mark.
Industrial metals are trading modestly firmer this morning after the previous day's sell-off based on Chinese demand concerns. Gold has drifted slightly lower with the firmer dollar.
Oil prices fell yesterday on talks around a ceasefire between Israel and Hezbollah. Prices remain elevated on the prospect of Israeli military action on Iranian oil facilities.
Traders will want to keep an eye out for this evening's Federal Open Market Committee meeting minutes for clues on the path of rates in the US.
Key Indicators: USD/ZAR R17.55/$ | US 10yr 4.02% | Gold $2,618/oz | Platinum $957/oz | Brent Crude $77.60
The macroeconomic update is based on IG's morning call update |
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