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Good Morning Voornaam,

In a rare opportunity to really dig into the way that a CEO thinks, the latest episode of Ghost Stories is a terrific discussion with Woolworths CEO Roy Bagattini about the state of play in the group and how Woolworths is navigating load shedding. It's a great way to broaden your business knowledge, brought to you by EasyEquities. Find it here>>>

Indluplace to go private?

After a pretty shocking set of company updates on Monday, I was reasonably happy with a quieter day on the JSE yesterday. I f you held both MultiChoice and Transaction Capital yesterday morning, I feel very sorry for you. I was well and truly hurt by the latter.

Aside from earnings and dividend updates from Attacq and Heriot, the big property news was that SA Corporate Real Estate (that's a fund, not an industry!) is making a play for Indluplace to take it private at R3.40 per share. If it goes ahead, this almost doubles SA Corporate's residential portfolio! Perhaps they will need to consider a change of name? Indluplace shareholders won't care either way, being given the opportunity to monetise a highly illiquid stake at a premium to the traded levels.

We also saw earnings updates from Old Mutual and Labat, a long with a major jump in HEPS at HomeChoice as that company's FinTech strategy comes to fruition.

You can get all these details in the latest Ghost Bites>>>

Stuff to read:

Kingsley Williams and Nico Katzke of Satrix unpack investment bias and how it affects decision making processes>>>
Orbvest gives a view on the rand/dollar exchange rate and gives further information on a US real estate investment opportunity>>>

Stuff to listen to:

Ghost Wrap gives my views and opinions on the latest from Capitec, Standard Bank, Nedbank, AVI, Sea Harvest, Bidvest, Shoprite, STADIO and Renergen, all in less than nine minutes! This podcast is brought to you by Mazars.
Episode 115 of Magic Markets takes a look at clean and green stocks in the US, particulary in the context of the Inflation Reduction Act. Craig Antonie of AnBro Capital Investments joined us to discuss the details>>>

US inflation in line with expectations

TreasuryONE highlights that US inflation was exactly in line with expectations, coming in at 6% year-on-year growth in February. This gives the Fed the option to sit on its hands next week, neither hiking or dropping rates, particularly in light of the banking system in the US. The rand has enjoyed the market favouring gold over the US dollar, trading at R18.11 with sights set firmly on breaking the R18.00 level.

US retail sales are due today and coul d show that US consumers are under pressure, as the expectation is a -0.3% print. In such a case, the Fed has another reason not to hike rates.

It's not too late to register for the TreasuryONE webinar this morning at 9am, but you need to be quick! Pieter Cronje will be presenting the cash flow forecasting solution that drives more accurate and efficient cash flow forecasting in complex groups. You need to register here to attend.

Have a great Wednesday!

Ghost Bites (Attacq | Heriot | HomeChoice | IndluPlace | Labat Africa | Old Mutual)

Attacq declares an interim dividend, as does Heriot (admittedly a less exciting one). HomeChoice posts a big jump in HEPS. Indluplace is set to be taken private. Labat Africa is still loss-making. Old Mutual HEPS grows by 10%.

Orbvest: where is the Rand/Dollar going?

The Rand has gone from bad to worse over the last month, but is it really a surprise? The R/$ has been especially volatile of late, but it's been a story of one step forward and two steps back.

Investing mirrors life: How bias affects investment decision making

Do you see yourself as an above average driver? Do you believe referees generally favour Springbok opponents more?

Ghost Stories #8: Of Dark Stores and "Dark" Stores (with Roy Bagattini, CEO of Woolworths)

In this candid discussion with Woolworths CEO Roy Bagattini, we unpacked great insights into how the retailer is navigating this environment. This episode of Ghost Stories is brought to you by EasyEquities.

Listen Now

Ghost Wrap 15 (Capitec | Standard Bank | Nedbank | AVI | Sea Harvest | Bidvest | Shoprite | STADIO | Renergen)

With major updates in the banking and fishing industries, it was an interesting week. Bidvest was perhaps the star of the week, while Shoprite struggling with load shedding. STADIO and Renergen also feature.

Listen Now

Magic Markets Ep115: Clean and Green Stocks in the US (with AnBro)

Craig Antonie of AnBro joins us to discuss some clean and green energy stocks in the US that are poised to benefit from the Inflation Reduction Act.

Listen Now

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