Good morning Voornaam,
Yesterday was a red hot day of news on SENS. I spent hours working through it so that you don't have to. Make sure you read Ghost Bites today to get up to date.
But before we dig deeper into that, and with perfect timing just before Black Friday, Dominique Olivier has told the story of the credit card as we know it today. It's amazing that a marketing initative several decades ago has shaped today's consumer environment. Don't miss this article>>>
If you have your own business, make sure you register for the bizval webinar tomorrow on the best time to sell a business. Attendance is free but you must register at this link>>>
For those who enjoy listening to market updates rather than reading them,
I have a brand new Ghost Wrap episode. You need just a few minutes of your time to get the latest on NEPI Rockcastle, MultiChoice, Santam, Shoprite vs. Woolworths and Richemont, made possible by Mazars. Enjoy it here>>>
Have a great day! |
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BRAND NEW: Diners Club, debt and the downfall of society
(by Dominique Olivier) |
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In her latest column, Dominique Olivier tells the story of the credit card and how our lives came to revolve around plastic consumerism.
Just in time for Black Friday, of course! |
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BRAND NEW: Ghost Wrap podcast
(NEPI Rockcastle | MultiChoice | Santam | Shoprite vs. Woolworths | Richemont) |
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| | The latest Ghost Wrap podcast needs just a few minutes of your time to get you up to date on six companies across a variety of sectors. Ghost Wrap is brought to you by Mazars. |
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BRAND NEW: Magic Markets podcast |
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In Episode 151 of Magic Markets, we looked at home building companies and how they have performed in this environment of higher interest rates.
The results may surprise you!
Moe looked at D.R. Horton and yours truly focused on Balwin, with some passing commentary on Calgro M3 as well.
This show is brought to you by international date and automation specialists B2IT. |
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BRAND NEW: Global megatrends shaping the ETFs of the future |
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Kingsley Williams of Satrix looks ahead to the potential landscape for ETFs in 2030 by focusing on the key trends that are driving growth in this asset class. There's a lot to feel excited about! |
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Make your money go further this festive season |
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| | AA inform has been bringing you helpful personal finance and general money tips in Ghost Mail.
In this article, there are useful hacks on how to make your money go further over the festive season.
Dezemba is upon us! |
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Bell Equipment and Calgro M3 returned to the Unlock the Stock platform in a joint session to share insights into the recent numbers and the strategic outlook.
You can watch the recording here, thanks to our partner A2X. |
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LATEST: Ghost Stories podcast with Nico Katzke of Satrix |
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| | Nico Katzke is no stranger to Ghost Stories listeners. There's always so much to learn from him about markets and investing. This time, you also get to enjoy him putting me through my paces in the second half of the show. |
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DAILY: TreasuryONE Market Update US bond yields continued to fall at the longer end of the curve, as markets priced in a 30% chance of the Fed cutting rates by March 2024. Although the DXY Index fell as the dollar slipped against major currencies, the rand wasn't a beneficiary of this.
Rand traders are focused on tomorrow's CPI data and Thursday's MPC interest rate decision, with the rand trading at R18.28 this morning.
What does help us is an increase in commodity prices, with gold close to the key level of $2,000 an ounce. PGMs also had a strong day yesterday. Brent Crude continues to seesaw ahead of the OPEC+ meeting on the weekend, with demand concerns continuing to outweigh supply considerations as oil trades at $82 this morning.
To cap off the year, TreasuryONE is hosting a webinar on Tuesday, 5th December at midday. Attendance is free, but you must register here. Get it in your calendar nice and early! |
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| | Get the latest on Astral Foods, Barloworld, Brikor, FirstRand, Naspers + Prosus, Netcare, Omnia, PPC, Sirius and Stefanutti Stocks to keep you up to date. It's all available with a single click in Ghost Bites. |
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Sirius taps the market for capital Sirius Real Estate has bucked the recent trend of property funds sitting on their hands. Capital raises are rare these days, despite being as common as a Joburg pothole several years ago. The reason for this is that most property funds are trading at a deep discount to net asset value (NAV) per share, so investors want funds to sell properties and return the capital rather than buy more properties.
With Sirius trading at approximately NAV, it can raise capital without causing a material dilution of value. An accelerated bookbuild accompanied the release of results yesterday and I look forward to seeing how it played out. In Ghost Bites this morning, you can learn more about how this works.
It was an exceptionally busy day of news yesterday, which included Astral Foods reporting its first loss in the 23-year history of the group. Also look out for Barloworld, Brikor, FirstRand, Naspers + Prosus (with a rather imaginative use of the term "accelerated profitability"), Netcare, Omnia, PPC and Stefanutti Stocks. Of course, there's an assortment of Little Bites as well.
All of this is available in Ghost Bites at this link>>> |
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Disclaimer
Our content is intended to be used and must be used for informational purposes only. You must do your own analysis before executing any investments or strategic decisions, based on your own circumstances. We do not provide personalised recommendations or views as to whether an investment approach or corporate strategy is suited to the needs of a specific individual or entity. You should take independent financial advice from a suitably qualified individual who gives due regard to your personal circumstances.
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The views, thoughts and opinions expressed in our content belong solely to the author or quoted individuals and/or entities, and not necessarily to the author's employer, organisation, committee or other group or individual, or any of our affiliates or brand partners. |
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