| Good morning Voornaam, My X feed certainly seems to know who won the US election. I'll just wait for official results - and enjoy the inevitable circus along the way. Geopolitical concerns have been the theme of 2024, a year of seemingly endless elections. The latest Investec No Ordinary Wednesday podcast is a helpful look at what's on the mind of global banking executives, featuring Investec's Cumesh Moodliar and Ruth Leas fresh from their trip to recent meetings in Washington. Hosted by the excellent Jeremy Maggs, you'll find it here>>>
With another episode of The Trader's Handbook about to drop, make sure you're up to date by listening to Episode 9 covering the opportunities related to trading forex. If you're in the mood for something different, you can also consider the piece on the IG Markets South Africa academy on moving averages and why they are a useful tool to add to your toolbox.
In company news, I'm afraid that lab-grown diamond denialists really do need to lift their heads from the De Beers marketing spin of the past decades and see what's happening around them. Diamonds may be forever for the wealthy, but not for the mass affluent who would frankly rather spend on the honeymoon. This impacts more than just Anglo American, as evidenced by Murray & Roberts releasing a rather frightening update about their exposure to De Beers and a pullback in mining projects there. This issue is very, very real.
Gold, on the other hand, is delivering. Sibanye-Stillwater even has some good news (!) thanks to gold, while Pan African Resources has announced an acquisition in Australia.
In other news, Sirius Real Estate announced further property deals in the UK and Germany, while Zeder has announced a special dividend from the proceeds of recent asset disposals.
For details on these stories and the other Nibbles, read Ghost Bites here>>>
Dominique Olivier's latest piece on incredible corporate marketing campaigns and how they changed the world covers not just De Beers, but also Coca-Cola, Gillette and Sunkist. If you just cannot bring yourself to see the view of a younger generation on lab-grown diamonds, perhaps it's because you haven't realised just how successfully people were brainwashed for decades? Santa Claus, orange juice, even hair - it's all in this great piece>>>
In a country where the sun shines and the wind blows, renewable energy has been an important part of South Africa's story. These deals tend to require bespoke funding structures, as they are essentially infrastructure deals with long-dated cash flows. To dig into this space and get a flavour of the funding approaches out there, you can read this article by Johan Marais and Taona Kokera of Forvis Mazars.
Have a great day! |
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| THE TRADER'S HANDBOOK: Insights and strategies for currency markets |
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| | | In this episode of The Trader's Handbook, Shaun Murison from IG Markets South Africa joined me once more to explore the fascinating and often misunderstood world of forex trading.
We broke down the complexities of currency pairs, leverage, and volatility while dispelling common misconceptions about the risks involved.
The podcast and detailed transcript are available here>>> |
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| FORVIS MAZARS: Innovative funding remains the charge powering South Africa's energy transition |
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| | | The ongoing evolution of the renewable energy investment landscape in South Africa requires innovative funding structures, as explained by Johan Marais and Taona Kokera of Forvis Mazars in South Africa. Learn more here>>> |
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| INVESTEC: India a gateway to outsized emerging market opportunities |
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| As the global economy shifts from a high inflation and high interest rate environment into the next interest rate cutting cycle, global investors are casting their net wider in their search for returns. India is an attractive opportunity. Investec explains why in this article>>> |
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| SATRIX: Shari'ah-compliant Investing |
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| | | Shari'ah-compliant investing in South Africa just got a major boost with the listing of the Satrix MSCI World Islamic ETF on the JSE in October.
Yusuf Wadee of Satrix joins me to unpack this fund and the fascinating Shari'ah principles in general. There's much to learn here, regardless of whether your faith requires you to invest based on these principles.
Along with a detailed transcript, you'll find it here>>>
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| DOMINIQUE OLIVIER: How to know if you've been brainwashed |
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| | | Coca-Cola. Gillette. De Beers. Sunkist. These are just four examples of companies that cemented their place (and their products) in popular culture. Dominique Olivier explains how they did it in this week's column>>> |
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| Ghost Bites - local company news: |
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| Ghost Bites: The latest on Murray & Roberts, Pan African Resources, Sibanye-Stillwater, Sirius Real Estate, Zeder and numerous Nibbles in Ghost Bites here>>> |
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| Unlock the Stock - Pan African Resources |
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| | | Unlock the Stock: Pan African Resources returned to the platform to talk about the performance and prospects in an environment of favourable gold prices. Enjoy the presentation and Q&A here>>> |
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| Top concerns for global financiers in today's market |
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| | | Join Investec CEOs, Cumesh Moodliar (SA) and Ruth Leas (UK), as they share their key insights from the recent IMF and World Bank meetings in Washington in the latest episode of No Ordinary Wednesday. |
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| International Business Snippet: |
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| In the chaos in the automotive sector, even Ferrari and its wonderful stock ticker $RACE isn't safe. Like watching some of their pit strategies, the share price fell a nasty 7% in the aftermath of third quarter results. This is despite meeting analyst expectations on EBITDA and achieving even better pricing per vehicle. The company is even more confident of hitting full-year targets.
So, what went wrong? Is it the release of the latest hypercar that looks like Lego can literally just copy-paste it for the next model made of bricks? No, it was most likely because Ferrari didn't upgrade its guidance. We've reached that point on companies like Ferrari where the market is pricing in an earnings upgrade.
Be very, very cautious in an environment like that.
Our latest research in Magic Markets Premium is on UPS. This logistics giant is focused on optimising revenue per piece heading into the all-important Black Friday and festive season. You'll find out how that works in our research for subscribers this week. |
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| Magic Markets: Making Forex Better |
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| | | Magic Markets: Future Forex is on a mission to make forex cheaper and simpler for individuals and businesses alike. Harry Scherzer joined us to talk about their evolution from a strong crypto arbitrage foundation. Find it here>>> |
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| IG Markets Morning Call: daily macroeconomic update |
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| US elections are front and centre as votes are being tallied. Former president Donald Trump appears well in the lead and in turn we are seeing some volatility in financial markets.
The dollar has strengthened along with US Treasury Yields on the suggestion that tax cuts and increased fiscal spend might change or slow the trajectory of rates in the world’s largest economy.
The rand has weakened significantly and we are expecting a softer open on the JSE All-Share Index this morning.
Oil and gold prices are slipping as the dollar strengthens.
Key Indicators: USD/ZAR R17.70/$ | US 10yr 4.41% | Gold $2,714/oz | Platinum $980/oz | Brent Crude $73.90
The macroeconomic update is based on the morning call update by IG Markets |
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