For a competitive quote on financing your solar installation for your business, reach out to Jaltech by clicking here. They are focusing on funding new and existing solar installations for companies in South Africa.
So, you do your own research?
Great, you're in the right place. Kick off your morning with the latest from Trive South Africa, giving a fundamental and technical view on Dell Technologies who just released quarterly results. Although key metrics were down year-on-year, it really comes down to what the market was expecting vs. what was delivered. Read it here>>>
For a fast-paced weekly overview of news on the local market, the Ghost Wrap podcast brought to you by Mazars should be firmly in your playlist. The latest episode covered Nedbank, Spar, Hudaco, Pepkor, Sirius Real Estate and Tiger Brands. Find it here>>>
Other interesting stuff today
You've heard of Sally Williams Nougat, haven 't you? Get the story behind the business in the latest bizval podcast, hosted by yours truly and featuring Mark Sack as my guest. With a colourful background story to the ownership of the business (as Mark is quite clearly not Sally Williams), there's also a lot to learn here for anyone interested in the FMCG space and exporting. Don't miss this podcast! Listen to it here>>>
For something completely different, ITHUBA is celebrating eight years as the National Lottery Operator. In this sponsored article, the team looks back on its achievements over the period. Read it here>>>
A big milestone for Renergen, or hot air?
Perhaps the most interesting story on the local market yesterday was Renergen's announcement that the debt package from the US Development Finance Corporation has been conditionally approved. A package from Standard Bank has also been approved, subject to the same conditions. One of those conditions is a United States Congressional "notification" - something to be wary of given the current tensions with the US. There are also conditions related to equity capital raising activities and the parties to be appointed as major contractors on the project.
So although Renergen has taken a big step closer to funding Phase 2, these packages aren't a slam-dunk just yet.
Yesterday also saw updates from a few property funds (Castleview, Emira and Newpark), as well as small cap Argent with a strong trading statement. Obscure microcap Nictus also released numbers and Southern Palladium released a conference presentation. Although not listed, African Bank released results and the credit loss ratio makes for rather scary reading.
As ever, this is all available to you with just one click in Ghost Bites>>>
The rand banks another day of strength
In an encouraging sign after my recent trade to take profit on US growth stocks and bring th e dollars back to rands at these rates to take advantage of yield opportunities here at home, the rand continues to strengthen. I hoped that these R19 levels wouldn't be sustainable, though there were nervous moments closer to R20!
Turkey has thankfully taken our place as the worst performing global currency, with TreasuryONE noting that the rand briefly moved below R19.00 and then moved back to R19.10. A light data calendar certainly helps the rand as things consolidate, but this can change swiftly when we have US CPI and the Fed interest rate decision coming soon.
If you would like regular, in-depth insights into the currency markets, then subscribe to the TreasuryONE YouTube channel at this link>>>
With that, I leave you to enjoy your Thursday!
PS: with a new Magic Markets show out later today, make sure you've listened to last week's show featuring Westbrooke and their exciting Yield Plus fund in the UK.