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Good Morning Voornaam,

In the past few weeks, Magic Markets Premium subscribers have enjoyed our great research on Meta, Amazon, Apple and Garmin. This week, we are covering American Tower, a great example of how interesting the REIT market is in the US. The entire library is yours for R99/month or R990/year. Subscribe here and give yourself an edge>>>

Ghost Bites:

Bidvest gives upbeat commentary to the market abou t its own operations, but there's a clear show of caution as well about the broader economic story, with the focus now on margins and return on capital
There's a lack of appreciation for the Capital Appreciation update, with GovChat suffering a large impairment
Fortress REIT is trying hard to patch up its walls and retain REIT status - is it too little, too late?
Lighthouse Properties is raising up to R50 million from the general public
Well, cluck - poultry is a tough game, as Quantum Foods has reminded us

There are also trading statements and results from Crookes Brothers, Huge Group and RH Bophelo in this morning's Ghost Bites, along with some happy news out of Steinhoff subsidiary Pepco. Read it here>>>

Six minutes - that's all it takes

If you can find a six-minute gap this morning, you'll get up to speed on no fewer than eight of last week's most interesting stories on the JSE. Ghost Wrap is a weekly podcast that makes it easy to stay on top of things on the JSE, especially in a busy week.

For the latest on RFG Holdings, Prosus, Quantum Foods, Fortress REIT, Mr Price, Telkom, Pepkor and Bidcorp, be sure to listen to Ghost Wrap today. Ghost Wrap is proudly brought to you by Mazars.

Gradually, and then suddenly?

Leaning on Ernest Hemingway's timeless words, Chris Gilmour looks at the backdrop to the September retail sales data and wonders when the pain will come. With another interest rate hike hot off the press from the SARB, surely consumers can't keep this up pace? Read more here>>>

Will the dollar find support?

After giving up substantial ground in the past three weeks (R1.50 on the USD/ZAR rate), the dollar index is now running into substantial support at the 200-day moving average. TreasuryONE believes that the support will hold for now and that there can be a bit of a correction. If the R16.95 level holds, a test back to R17.30 is possible.

Covid numbers continue to surge in China and Brent Crude managed to hold on at around $85 per barrel. This is 20% off the recent peaks, driven by demand concerns. With the US out of the market on Friday, trading in metals was relatively subdued.

Al ternative views and views on alternatives

In the latest episode of Magic Markets, we welcomed Dino Zuccollo back to the show to talk about a recent survey that Westbrooke Alternative Asset Management ran with a group of independent wealth managers.

The results are fascinating and give great insights into the world of alternative assets and how they fit into a portfolio. Listen to it here>>>

Going direct?

Finally, if you are building your own business or just interested in learning more about the direct-to-consumer business model that has become popular in the retail industry, then this week's bizval webinar is for you.

With the help of two successful entrepreneurs, we will be unpacking the realities of building an online retail business. Register to attend for free at this link>>>

With that, I wish you the very best for the week ahead!

Ghost Bites (Bidvest | Capital Appreciation | Fortress | Lighthouse | Quantum)

Bidvest gives upbeat commentary to the market. A lack of appreciation for Capital Appreciation's news. Fortress is trying to patch up the walls. Lighthouse to raise R50m. Quantum proves poultry is tough.

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.

Yes, you can build a more valuable business

In a recent two-part webinar series, the founders of bizval (including your favourite ghost) shared deep insights into how to build a more valuable business. Founders, this is for you.

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

Ep5: The bravery to change a business (with Craig Herbst and Graham Jones)

In Episode 5 of the bizval podcast, The Finance Ghost spoke to two founders who are enjoying the fruits of being solar and energy specialists. It wasn't always this easy, as they share in great detail.

Listen Now

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