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Good Morning Voornaam,

Are you a founder of a business? This December, bizval is giving you an opportunity to value your business for free using our online platform, a gift valued at R2,500! To qualify, all you need to do is use the voucher REFLECT on checkout. Make sure you choose the bizval Live product at this link>>>

Ghost Bites:

BHP is finalising documentation for the OZ Minerals deal
Grindrod Shipping isn't delisting just yet, after the general offer by Taylor (Maritime, not Swift) was accepted by an awkward percentage of shareholders - they should've used a scheme of arrangement!
Kore Potash is navigating the weird situation with the Minister of Mines in the Republic of Congo
MC Mining has extended its marketing agreement that gives it access to the export coal market
NEPI Rockcastle has invested in another shopping centre in Poland

Get all the details on these stories and others in this morning's edition of Ghost Bites>>>

Get the world view

In Episode 106 of Magic Markets, geopolitical analyst Marko Papic joined us to discuss his unorthodox and often controversial views on geopolitics. We covered topics like China, Russia-Ukraine and multi-polarity in the modern world, an extremely important concept for emerging markets. Seriously - you are doing yourself a huge disservice if you don't make time for this show>>>

And for something a lot closer to home - the latest episode of Ghost Wrap brings you updates on MTN, Steinhoff, Alviva, Mpact, PBT Group, Shoprite - Massmart and Grand Parade. Proudly sponsored by Mazars, this is the most efficient way to stay up on date on the JSE. Enjoy it here>>>

Big in Japan

The focus yesterday was on the Yen for once, with the Bank of Japan keeping interest rates unchanged but widening the band within which the 10-year is allowed to fluctuate. This is seen as a potential "pivot" by the BoJ, an interesting move in one of the last major countries currently adapting an ultra-loose monetary policy. The Yen strengthened over 3.3% for the day.

TreasuryONE also notes that the dollar is holding ground against the pound and euro, with the rand trading close to the R17.30 handle.

Brent Crude has continued to rally from recent lows after optimism around China's relaxation of Covid restrictions. This has ou tweighed recession fears for now at least, with a pro-growth stance and more support for the property market coming through from Chinese officials. Gold and platinum also rallied, and copper is back above $8,330.

Have fun out there today!

Ghost Bites (BHP | Grindrod Shipping | Kore Potash | MC Mining | NEPI Rockcastle)

BHP is finalising the OZ Minerals deal. Grindrod Shipping isn't delisting - for now. Kore Potash is managing the RoC government. MC Mining extends the marketing agreement. NEPI Rockcastle invests further in Poland.

Inadequate infrastructure expenditure in the developed world

Chris Gilmour is clearly still busy this December, taking a fascinating look at the infrastructure spend deficit in critical economies like the US.

Ghost Wrap #6 (MTN + Telcos | Steinhoff | Alviva | Mpact | PBT Group | Shoprite - Massmart | Grand Parade)

Telcos. Steinhoff. A take-private of Alviva. These are just some of the important updates in the final edition of Ghost Wrap for 2022.

Listen Now

Magic Markets Ep106: Global View with Marko Papic

This is an absolute must-listen, featuring international geopolitical analyst Marko Papic and his (often unorthodox) views on China, energy, Europe and so much more.

Listen Now

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