Welcome to a new week! The sun is shining and the tax deadline is only two weeks away. There's always an adulting-style activity to worry about on a Monday morning.
One of the most adulting things around is to pay tax, let's face it. There's no choice in the matter and there are many ways to get it wrong.
In the aftermath of COVID (and because South Africans are so smart), we've seen many South Africans working for foreign employers. It's also common for our people to move overseas to work for a foreign or South African employer. These things bring complexities for employers and employees alike. To highlight some of the common errors and to make you aware of where you can get help to solve these problems, Elzahne Henn of Forvis Mazars in South Africa joined me for an excellent and practical discussion on these concepts. Unless you are a South African working in South Africa for another South African, you need to listen to it or read the transcript.
Another learning opportunity this morning comes to you in the form of the head and shoulders pattern, which has nothing whatsoever to do with shampoo. This is a powerful chart pattern that can really help you to avoid trouble. If you use the inverse pattern though, it's a great way to find opportunities. This article by IG Markets South Africa incluudes loads of great chart examples and additional information on the topic.
In company news, we saw exciting stuff out of Metair on Friday. The company isn't exactly in a position of strength right now, yet they are taking a risk and buying Autozone out of business rescue. It's a terrific example of how private equity can go wrong, leading to a private company like Autozone needing someone to save it. I took the opportunity to go into detail on that topic.
Over at EOH, I'm afraid that the group is still loss-making. I'm really not sure when / if things are going to improve there. I have no position in EOH and the business model doesn't excite me.
Along with news of a renewable energy project at Northam Platinum, I covered the Metair and EOH stories and numerous Nibbles in Ghost Bites at this link>>>
If you want to lift your head from the markets, Dominique Olivier has written on her experience at the Venice Biennale and how the most important art event in the world is a strong reflection of the geopolitical environment in which we find ourselves. The stories of humanity are told on those walls. Read it here>>>
Have a great start to your week and remember to register for Unlock the Stock this Thursday, featuring Pan African Resources.
