| Good morning Voornaam, I hope you had a terrific long weekend and the opportunity to do something you really enjoyed. Life is short.
Interested in reducing your tax liability by up to 235%? Jaltech is launching its latest Section 12B solar tax incentive investment. Click here to register for the launch webinar.
In company news, MTN Zakhele Futhi investors were given a great start to their weekend by the announcement on Friday of just how much value would be flowing through the structure. It's incredible to think that this B-BBEE deal was practically underwater at the end of last year! Things can change quickly in the market.
In deal news, Primary Health Properties won't give up on Assura. They've made further tweaks to their offer and they've responded to Assura's concerns about the merger vs. the cash alternative on the table from KKR and Stonepeak.
In earnings news, Novus has plenty of moving parts to navigate, but at least the latest period was strong. Over at Remgro, Mediclinic seems to be on the up in countries other than Switzerland where there are significant impairments. Sadly, Vunani has swung into losses.
Merafe is still trying to figure out what the future holds for the South African ferrochrome market. Over at Gemfields, their rights issue achieved decent levels of support in the market.
Get the details on all these updates and the Nibbles in Ghost Bites at this
link>>>
Long weekends in South Africa are often about trips to the dorpies that offer so much appeal in our outlying areas. We often don't realise how interesting the backstory actually is. The ostrich industry is just one example of the type of trend that lifts (and can sink) towns. As Dominique Olivier looked deeper into this industry, it became clearer to her that we should be putting more effort into investing in this excellent source of protein. Enjoy it here>>>
In Magic Markets, the latest episode features Craig Antonie of AnBro and Connie Bloem of Mesh.Trade, who joined us to talk about the Titans portfolio and the thinking behind an equal-weighted portfolio of global sector leaders. Enjoy it here>>>
Finally, if you've emerged from the long weekend feeling fresh and full of ideas on how to improve South Africa, then remember that PSG Financial Services' Think Big South Africa competition is looking for submissions around how capital markets can drive economic growth. With a R500k first prize, you just might change your own life along with our country. Get the details in this podcast>>>
Have a lovely day! |
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| SATRIX: Life after COVID - a five-year review of the markets |
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| | | Five years ago, the world was a wild place. We were "staying home and staying safe" - and global central banks were cutting rates dramatically in an effort to stimulate economies under impossible circumstances.
With a great selection of statistics to share with the listeners, Siyabulela Nomoyi of Satrix was a wealth of knowledge in this podcast about how markets have performed in recent years, particularly in terms of which indices did well and which were disappointing.
Get a healthy dose of market insights at this link>>> |
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| PODCAST: Capital Markets in South Africa - the Think Big South Africa Competition |
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| PSG Financial Services is the proud sponsor of the Think Big South Africa competition, in collaboration with Economic Research Southern Africa (ERSA).
PSG wants to encourage South Africans to get involved in their country at the highest level, bringing forward policy ideas and constructive solutions to drive conversations and real change in our country. PSG CEO Francois Gouws joined me to explain why they are such strong supporters of this initiative.
Enjoy it here>>> |
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| GHOST BITES - Making sense of SENS on the local market |
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| | | MTN Zakhele Futhi shareholders are having a great time. Primary Health Properties won't quit on Assura. Financial updates came in from Merafe, Novus, Remgro and Vunani. Gemfields signed off on a successful rights issue. Get the details in Ghost Bites>>> |
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| Unlock the Stock - Greencoat Renewables |
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| In the 55th edition of Unlock the Stock, Greencoat Renewables joined us for the first time ahead of their debut on the JSE. The recording of the management presentation and interactive Q&A is available at this link>>> |
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| DOMINIQUE OLIVIER - "Big Ostrich": feathers, food and a high-flying future |
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| | | Ostriches might not fly, but their numbers (and their impact) are soaring. From dusty Karoo farms to global sustainability debates, this big bird is quietly paving the future of meat production. Welcome to the surprising world of ostrich farming, as explained by Dominique Olivier in this piece>>> |
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| INVESTEC PODCAST: No Ordinary Wednesday - a 20-year perspective on global investing |
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| | | Twenty years on, the managers of the Investec UCITS World Axis Core Fund reflect on what two decades of global investing have taught them and what investors should expect next. Join Investec Investment Management’s Head of Multi-Manager Investments Ryan Friedman and Fund Manager Bronwen Trower in conversation with Jeremy Maggs in this podcast>>> |
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| International Business Snippet: |
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| In the US - China trade war, much will depend on the extent to which Chinese domestic consumption can increase to pick up the slack from a likely structural decrease in sales to the US. If May data is anything to go by, there's hope for China - although government subsidies are making all the difference.
Retail sales in China were up 6.4%, ahead of estimates and significantly higher than 5.1% in the prior month. Still, I wouldn't read too much into just one month of data. It's about seeing how things play out over a longer period.
Recent research in Magic Markets Premium has covered Intel, Waste Management (possibly the best company you've never heard of), Novo Nordisk, Simon Property Group, TJX and NVIDIA. Our focus is on giving you broad exposure to global stocks, with enough underlying detail to help you make better decisions and learn tons along the way. The entire library is available for just R99/month, a deliberate strategy to make it as accessible as possible. Invest in yourself and give it a try! |
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| Magic Markets: Mesh.Trade and the Titans |
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| | | Magic Markets listeners have become familiar with AnBro’s approach to building global equity portfolios with different mandates. Titans is just one such example, focusing on an equal-weighted portfolio of best-of-breed stocks across various sectors.
With Titans now available on Mesh.Trade’s platform alongside the other AnBro offerings, it was the perfect opportunity for Craig Antonie of AnBro to join us to talk about the fund strategy, accompanied by Connie Bloem of Mesh.Trade to talk about the platform offering.
We covered these topics here>>> |
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| Macroeconomic indicators and macro update |
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| Markets are trading with caution today as the Israel-Iran conflict enters its fifth day, with US President Donald Trump urging Iranians to evacuate Tehran amid escalating hostilities.
US and European futures have pulled back significantly from yesterday’s highs, while the Hang Seng and Shanghai equity benchmarks are down on the day.
The Bank of Japan held its short-term interest rates steady at 0.5% as expected and maintained its bond taper plan through March 2026, announcing a slower pace of balance sheet reduction beyond April 2026. Japan's Nikkei is trading higher following the news.
The dollar index remains flat but is trading well off its previous session lows.
The South African rand is slightly weaker this morning, and the JSE All Share index is expected to open lower.
The dollar index remains flat but is trading well off its previous session lows.
Gold prices are declining for the second consecutive day, showing reduced safety demand despite geopolitical tensions.
Oil prices have rebounded from earlier lows but remain volatile amid ongoing conflict-driven supply concerns.
This update is provided by Shaun Murison. Connect with him on LinkedIn here.
Key Indicators: USD/ZAR R17.82/$ | US 10yr 4.44% | Gold $3,387/oz | Platinum $1,244/oz | Brent Crude $69.68 |
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