With the final episode of The Trader's Handbook coming your way tomorrow, it really has been a fantastic journey with IG Markets South Africa in Ghost Mail this year. I hope you've gotten plenty of value from it. The learning opportunities don't stop, like in this excellent piece on swing trading.
Another great learning opportunity is Unlock the Stock, featuring KAL Group in the final session for the year. This is so much more than just an agri play, with a growing focus on specialist retail and the fuel business. Get to know KAL Group with the recording of the management presentation and Q&A available here>>>
In company news, Thungela was the highlight for me yesterday. It's so good to finally see a more bullish narrative around Transnet, which really has been the Achilles' heel of our coal industry. Although coal prices are down year-on-year, production guidance is strong at Thungela and any uptick in China in 2025 should do wonders for pricing. Keep an eye on this one.
Nedbank gave us an important pre-close update, with the bank continuing to grow earnings well ahead of inflation. There are some helpful nuggets in here around demand for credit, so don't miss it.
Other news came in from African Rainbow Capital (including a note on home loan demand at ooba), along with Boxer, Renergen, Sabvest and South32. Labat Africa is catching up on its financial reporting and they lost a fortune in 2023, so we will have to wait and see if 2024 was any better.
Get all the details on these stories and the various Nibbles (including the all-important director dealings) in Ghost Bites here>>>
If you're interested in a real-world example of how blockchain technology can make things more efficient in a financial markets context, then the collaboration between AnBro Capital and Mesh.trade is a great example. This partnership makes it easier for investors to access AnBro investment funds. To help us learn more about this, Justine Brophy and Connie Bloem joined us on the latest episode of Magic Markets.
For Black-Owned businesses looking for an equity partner, MIC Khulisani Ventures is well worth considering. The team is looking for qualifying small businesses that are looking for equity capital to scale their businesses in 2025 and beyond. If that sounds like you, then check out this podcast with Nchaupe Khaole and Keitumetse Lekaba. It has all the details of what they are looking for and why MIC should be considered as a partner.
Have a great day! |
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THE TRADER'S HANDBOOK: The tech of trading (back-testing, market scanning and strategic tools) |
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| | In this episode of The Trader’s Handbook, Shaun Murison from IG Markets South Africa joined me to discuss the advanced tools available on the IG platform that empower traders to make informed decisions. From back-testing strategies and market scanning with Pro Screener to exploring client sentiment, alerts, and algorithmic trading, this episode highlights the cutting-edge features that simplify and enhance trading.
Whether you’re new to trading or looking to refine your approach, this episode provides practical insights into leveraging technology to stay ahead in the markets. The podcast and detailed transcript are available here>>> |
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MIC Khulisani Ventures is looking for entrepreneurs |
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Raising equity funding is not easy for small businesses in South Africa, but thankfully the Mineworkers Investment Company's (MIC) Khulisani Ventures initiative is an early-stage funding vehicle that provides capital for businesses that are ready to aggressively grow.
Along with a detailed transcript, you'll find it here>>> |
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SATRIX: Get to know the Satrix Global Balanced Fund of Funds ETF |
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| | The Satrix Global Balanced Fund of Funds ETF aims to provide local investors with optimally diversified exposure to a global basket of indices representing different asset classes.
This is a low-cost, easy way to invest in a mix of equities, bonds, infrastructure, property, credit and cash assets.
Nico Katzke joined me to explain the concept of a balanced fund, the strategic asset allocation in this ETF and how Satrix has managed to achieve this exposure at just 35 basis points a year in costs.
Along with a detailed transcript, you'll find it here>>> |
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DOMINIQUE OLIVIER - Of ghost ships and giant squid |
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| | Squid could be linked to the demise of many a vessel at sea - and not always of the giant variety. Dominique Olivier tells the story of the Mary Celeste and the many other mysteries that the oceans dish up each year in this entertaining piece>>> |
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Ghost Bites - local company news: |
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Ghost Bites: The latest on African Rainbow Capital, Boxer, Labat Africa, Nedbank, Renergen, Sabvest, South32, Thungela and numerous Nibbles in Ghost Bites here>>> |
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Ghost Wrap - five insights from November |
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| | Ghost Wrap: In a new format, I look back on key insights from November including the property sector, the demand for IPOs, the uptick in poultry businesses and more. Brought to you by Forvis Mazars, the podcast and transacript are available here>>> |
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Unlock the Stock - KAL Group |
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Unlock the Stock: KAL Group joined the platform for the first time to talk about the performance and strategic focus areas in the broader agriculture industry. Enjoy the presentation and Q&A here>>> |
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MAGAnomics: Trump and the global economy |
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International Business Snippet: |
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The headlines around the automotive industry continue to paint a bleak picture for the Europeans. A manufacturer lobby group is trying to get compliance costs lower, with one of the suggested ways being a watering down of carbon regulations. Although regulation is part of what got Europe into this mess in the first place, I don't think reduced regulations will magically make the cars more competitive against Chinese alternatives. That ship has sailed and the European manufacturers are going to need to make really tough choices on costs and pricing in the market.
In tech, Alphabet's shares rallied after the unveiling of Willow, its latest quantum computing chip. If you're curious about quantum computing, we covered the topic quite recently in Magic Markets in Episode 190, featuring global geopolitical expert Dimitri Zabelin.
Our latest research in Magic Markets Premium is on Walmart. The retail giant is absolutely flying at the moment, with margins up and the share price well on its way to the moon. Can it keep going? Subscribers find out this week. |
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Magic Markets: Year in Review - Alternatives at Westbrooke |
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| | Magic Markets: As the year of global elections draws to a close, Dino Zuccollo of Westbrooke Alternative Asset Management joined us to look back on how global trends impacted the alternative lending space in markets where Westbrooke has a presence: South Africa, the UK and the USA. Find it here>>> |
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IG Markets Morning Call: daily macroeconomic update |
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US and European index futures are pointing to a marginally lower start to the day ahead of inflation data out of the US this afternoon. Asian benchmarks have started to pare recent gains, which were fueled by China’s pledge to further stimulate their economy. We are in turn expecting a softer open for the JSE All-Share Index today as well.
The dollar has gained along with US Treasury Yields. The rand is slightly softer on the day.
Gold has started to erase the previous days gains, leading precious metals lower in an inverse correlation to a strengthening dollar. Base metals are trading mixed on the day.
Oil prices have continued to rebound on escalating tensions in the Middle East, demand side assumptions from China as well as recent news that OPEC+ would maintain output curbs for a further three months.
Traders will want to keep an eye out for local CPI inflation data this morning and US CPI inflation data out this afternoon.
Key Indicators: USD/ZAR R18.05/$ | US 10yr 4.24% | Gold $2,582/oz | Platinum $943/oz | Brent Crude $72.50 |
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