Good Morning Voornaam,

Before we delve into the updates today, there are three things I want to bring to your attention.

The first is Unlock the Stock, which is scheduled for 12pm on Thursday. PBT Group will be presenting and taking your questions afterwards in an engaging Q&A session. As PBT is the only company presenting on Thursday, you can give the management team your full attention. Attendance is free! REGISTER>>>

The second is the TreasuryONE webinar from last week, a recording of which has been made available in Ghost Mail. Led by Andre Cilliers (Currency Strategist at TreasuryONE), the focus was on the wild macroeconomic volatility we've recently exper ienced and the impact on the rand (and our back pockets with issues like the petrol price). WATCH THE RECORDING>>>

The third is Episode 2 of Ghost Stories, in which Justin Clarke joined me to talk about his journey as the founder of Private Property and now the Operational Director at OrbVest. There's so much to learn here about building a business and surviving economic downturns. We also discussed OrbVest's medical real estate portfolio in the US and how they make this available to local investors. LISTEN TO THE PODCAST>>>

We can now move on to the JSE news, which was plentiful yesterday. If you're looking for information to help you make decisions in your EasyEquities portfolio, you're certainly in the right place.

The headline-grabber was that Tongaat Hulett's listing has been suspended, with the JSE making it clear that this was because of the company being behind on financial reports rather than because of Tongaat's request for a suspension. Long story short: it will remain sus pended until it can finalise results, which is only possible once a balance sheet restructuring plan has been crystallised.

We also saw news from Ascendis with the price for the potential disposal of Ascendis Pharma to Austell Pharmaceuticals. A price of R410 million is obviously more appealing at face value than the R375 million on the table from the Pharma-Q / Imperial Pharma joint venture. Ascendis has to send out two separate circulars now, with the merits and details of each potential sale.

I spend between 2.5 and 4 hours a day researching and writing Ghost Bites. It has become the daily go-to summary for some of the leading fund managers in South Africa, so you can read what the best of the best are reading. Best of all, it's yours for free. All you have to do is click! With details on PSG, Fortress, Super Group, BHP, Aveng and more, Ghost Bites is the very best way to stay on top of JSE news. READ GHOST BITES>>>

Don't forget Ghost Global, a weekly segment dealing with global earnings updates written on a rotational basis by the Ghost Grads. Karel Zowitsky stepped up this week and delivered a great update on PepsiCo, Delta, Morgan Stanley and more. The US market is a thrill ride that you shouldn't miss out on. READ GHOST GLOBAL>>>

The team from TreasuryONE keeps us up to date with macroeconomic and currency news as always. The US dollar is on the back foot but do n't get too excited, as the rand is still trading sideways ahead of the MPC meeting later this week. It's a huge week for central bank action, with the ECB also expected to hike rates this week. If you want to know what the expectation is for these rate hikes, including the local hike which has a direct impact on all our pockets, be sure to read TreasuryONE's article on this topic today. READ TREASURYONE>>>

I love seeing how the macroeconomic factors drive movements in equities. This year, it's been an intellectual pleasure rather than a financial one, as markets have been on fire. As always, this is a learning opportunity and those who are committed to lifelong learning in the markets are taking advantage of that. To help you, Craig Antonie from AnBro Capital Investments joined us on Magic Markets to discuss the first half of this year and the impact on growth stocks. LISTEN TO MAGIC MARKETS>>>

The markets are exciting. Get stuck in and learn!

Ghost Bites Vol 51 (22)

Ascendis needs to release two circulars for one sale of business. Tongaat Hulett is suspended. Super Group performed strongly this year. Aveng has won a big contract in Tasmania. Of course, there's more!

TreasuryONE looks ahead to the MPC and ECB decisions this week. The expectation is a 50 basis points hike locally, with the SARB caught between a rock and a hard place.

Rand holding its breath on MPC and inflation number
Spread your assets for good and bad times

At times when global markets are falling, inflation is rising, and there are no clear signals on whether to buy or sell - like now. A diversified portfolio that includes safe-haven assets offshore suddenly looks very appealing.

Last week's TreasuryONE webinar offered deep insights into the macroeconomic volatility and drivers of the rand. Don't miss the YouTube recording!

TreasuryONE webinar: Recession, depression, inflation, the petrol price and the rand
Ghost Global (PepsiCo | Delta | Morgan Stanley | Ericsson | Blackrock)

Ghost Grad Karel Zowitsky looks at PepsiCo taking strain in Europe, Delta's passenger numbers and fuel costs, Morgan Stanley's drop in revenue, Ericsson's growth in 5G infrastructure and Blackrock's use of share buybacks in this market.

As the founders of bizval, we are celebrating Mandela Day by inviting you to value your business between 18th and 31st July. Use coupon code 46664 on checkout and we will donate 50% of the fee to Gugulethu Chess College.

Value your business and make a positive impact
 

Justin Clarke founded Private Property and helped steer the business through two financial crises and an investment by famous firm Tiger Global Management. He is now Ops Director at OrbVest, giving South African investors access to US medical real estate

 

After the worst possible start to a year for growth stocks, the team at AnBro Capital Investments joined us to discuss the impact on different sectors of this bear market vs. the Global Financial Crisis.

 
 

EasyEquities is a product of First World Trader (Pty) Ltd t/a EasyEquities which is an authorized financial services provider (FSP no.2225880) and a registered credit provider (NCRCP12294).

EasyProperties is a juristic representative of the First World Trader (PTY) Ltd t/a EasyEquities which is an authorised financial services provider (FSP) number 22588.

EasyEquities does not act as an FSP when allowing you to buy and sell the EC10 bundle as well as any other cryptocurrencies.

 



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