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Good Morning Voornaam,

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Ghost Bites:

City Lodge doesn't want you to skimp on your summer, especially with the share price up 39% since the end of September
Invicta posts a sharp jump in earnings, with the offshore business now contributing more than 35% of earnings
Nutritional Holdings never fails to deliver excitement, with the latest news being a censure by the JSE for numerous transgressions
Reunert jumps 7.5% after releasing results that the market liked
Standard Bank's strong momentum has continued in recent months, with positive jaws on the menu
Zeda will be unbundled from Barloworld and separately listed from 19 December, with the pre-listing statement now available

Your eyes aren't deceiving you. Without a doubt, it was a positive overall day of news on the JSE. Get all the details in this morning's edition of Ghost Bites>>>

Supplement your Ghost Bites update by reminding yourself of the biggest stories on the JSE from the past week. You only need six minutes to enjoy hard-hitting updates on eight companies. The Ghost Wrap podcast makes it so much easier to be on top of the latest news, brought to you by Mazars. Listen to it here>>>

Make sure you don't miss these:

Chris Gilmour isn't putting much weight on the September retail sales data, preferring to be cautious about consumer spending ag ainst this economic backdrop. Read his views here>>>
In the most recent edition of Ghost Global, we looked at the latest news from fashion house Burberry and topical social network Twitter. You'll find these updates here>>>
Join us on Thursday at midday for the next bizval webinar. It looks set to be a winner, with the successful founders of Silvery and Desray joining us to share their insights into building a direct-to-consumer retail business. Register for fr ee at this link to attend>>>
The latest episode of Magic Markets features Dino Zuccollo from Westbrooke Alternative Asset Management. We discussed the fascinating results of a survey of independent wealth managers, which uncovered some great insights into how alternative assets are used in portfolios. Enjoy it here>>>

A softer dollar

The dollar lost ground in morning trade against other major currencies, though the rand wasn't much of a beneficiary from this. TreasuryONE notes that the rand traded in a tight r ange of R17.08 to R17.16, with the wider range being R16.90 to R17.30. For the rand to break out of this range, it would likely take surprising offshore data or events to escalate further in China.

Speaking of China, the civil unrest and rising Covid cases mean that oil has stayed under pressure. Brent Crude is at close to the $80 per barrel mark and metal prices have been mixed. Gold traded at around $1,750.

Have a productive Tuesday and enjoy the market insights!

Ghost Bites (City Lodge | Invicta | Nutritional Holdings | Reunert | Standard Bank | Zeda)

City Lodge is on a charge. Invicta posts a sharp jump in earnings. Nutritional Holdings is still a circus. Reunert jumps after results. Standard Bank's momentum continues. Zeda's pre-listing statement is out.

Gradually, and then suddenly?

The September retail sales data is still telling a fairly positive story around the South African consumer. This is a lagging indicator and perhaps that is the key point, as Chris Gilmour explores.

Ghost Global (Burberry | Twitter)

Burberry banks on British and it's working, with revenue and profits higher. At Twitter, Elon Musk isn't scared to flip the bird.

Ghost Wrap Ep 3 (RFG Holdings | Prosus | Quantum | Fortress | Mr Price | Telkom | Pepkor | Bidcorp)

It takes just six minutes to get up to speed on eight of the most important stories on the JSE last week, brought to you by Mazars.

Listen Now

Ep103: Alternatives - the Wealth Management View

Westbrooke Alternative Asset Management conducted a recent survey with independent wealth managers about alternative assets. The results are fascinating.

Listen Now

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