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Good Morning Voornaam,

Ghost Bites:

The Foschini Group (TFG) shows that shopper behaviour is normalising
Jubilee Metals signs off on a busy year
Oasis Crescent Property Fund grows distributable income

In addition to these stories, there were some significant trades by directors of listed companies. There's also confirmation of the price for the reinvestment of Hyprop dividends, an opportunity that I will certainly be taking advantage of in my own portfolio. For all the details, read Ghost Bites>>>

Welcome back, shoppers

Based on the detailed quarterly update from TFG, we know that shoppers have stood up from their keyboards and returned to the stores. This is to be expected, as Covid forced a number of people online who would otherwise have preferred in-store shopping.

Interestingly, the grocery market isn't seeing this trend. In recent results, it looks like on-demand shopping for groceries is still growing quickly. This makes sense to me, as I want my groceries as conveniently as possible whereas I may want to enjoy the process of shopping for new clothes.

With TFG's online turnover down by 6.9% in the latest quarter at a time when total turnover was up 31% (albeit with the help of acquisitions), it's clear that shopping malls are far from dead. This is good news for investors in retail REITs.

Medium Term Budget Policy Statement ahead

As I write this, I'm trying hard to finish before my load shedding at 10pm. That sets the backdrop for our Finance Minister's speech later today, in which Enoch Godongwana will deliver remarks that could move the rand. It all comes down to perception by the market, with the rand likely to hang on the to R18.00 - R18.50 range.

TreasuryONE also highlights the immense volatility in the rand as the market swung between risk-on and risk-off during a week dominated by headlines in the UK. At one point, the rand moved by 30 cents in just one hour!

Don't miss these!

There's still time to register for the bizval webinar tomorrow at noon, in which the founders of bizval (including your favourite ghost) will be giving a presentation on how to build a more valuable company. If you're an entrepreneur, be sure to register for free here>>>
In the latest episode of Magic Markets, we responded to questions sent to us by listeners. These included more technical questions (like portfolio strategy) and some personal questions as well. Listen to the show here>>>
Brought to you by EasyEquities, Chuck Saletta takes a look at Apple's iPhone sales performance and what this could mean for the company's prospects. If you're a big tech enthusiast, make sure you read this>>>
Interested to learn more about Calgro M3 and Pan African Resources? Watch the recording of last week's Unlock the Stock event>>>

Have a lovely day!

Ghost Bites (The Foschini Group | Jubilee Metals | Oasis Crescent Property Fund)

The Foschini Group shows that shopper behaviour is normalising. Jubilee Metals signs off on a busy year. Oasis Crescent Property Fund grows distributable income.

Do slow iPhone sales mean trouble for Apple?

Chuck Saletta of EasyResearch highlights slower iPhone sales and what this could mean for the long-term performance of Apple. This article is brought to you by EasyEquities.

Unlock the Stock: Calgro M3 | Pan African Resources

In the latest edition of Unlock the Stock, we welcomed construction group Calgro M3 and mining house Pan African Resources to the platform.

Magic Markets Ep98: Answering listeners' questions

We love engaging with the Magic Markets audience. This week, we asked for questions and the people delivered. This is a fun and insightful episode, with some personal touches along the way.

Listen Now

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