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Good Morning Voornaam,

Local vs. offshore - the timeless debate. Get ready for an objective view on it with Nico Katzke of Satrix in the latest Ghost Stories podcast. You don't want to miss this learning opportunity! Put in those earphones and enjoy it here>>>

Invest a few minutes of your time and get updated on the past week's most interesting stories on the JSE, brought to you by Mazars. For the latest on Glencore, Anglo American, Sibanye-Stillwater, Capital Appreciation, MTN Nigeria and Prosus. Enjoy it here>>>

The latest edition of Unlock the Stock featured TWK Investments, an agriculture company that you may not be familiar with. You can change that by watching the recording, brought to you by A2X.

If you're interested in alternative assets, then you can learn more about how to use them in a portfolio by listening to Episode 122 of Magic Markets with Dino Zuccollo of Westbrooke Alternative Asset Management. He was joined by Matthew Norwood-Young and Peter Little of Anchor Capital, giving us a well-rounded view on alternatives and the discussions that advisors have with clients around them. Find it here>>>

The Gold Fields stock chart is incredible

If you hold shares in Gold Fields, you can thank me now. Ever since I sold my stake after the initial pop of the failed Yamana deal, it's been one-way traffic to the moon. It's a pleasure.

My unfortunate history with gold aside, I've included a price chart in Ghost Bites this morning that is extraordinary. With a long-term lens, the recent share price performance looks like a tech stock in the height of the pandemic. To add fuel to that fire, there's now a deal in Canada for an asset that is literally named Windfall. Whether that name will prove to be prophetic or not, these are important times in the gold industry.

There are also updates on Anglo American's debt raise, Choppies getting upset with the Financial Mail, Ellies needing to be patient with Bundu Power, Impala Platinum struggling with production numbers, Kibo Energy punting biofuel as an alternative to conventional coal, Renergen filing its annual report and Textainer demonstrating a turn in the shipping cycle.

It's a busy morning, with all the news available in Ghost Bites>>>

The US labour market is cooling off

JOLTS data was under expectations for the second month in a row, with TreasuryONE noting that job openings in the US are at the lowest level in two years. The US labour market seems to be cooling off, putting more of a risk-off narrative into the market. Markets have fully priced in a 25bps hike at the FOMC this week, so the focus is likely to be on the commentary after the meeting.

The rand has been testing the upper end of the R18.00 to R18.50 range.

Brent Crude fell over 3% based on weak Chinese economic data and the expectation of further monetary policy tightening. Although OPEC+ countries have cut production, other factors (including Iran and Russia finding buyers for output) continue to weigh on prices. Brent Crude has dropped below $77 a barrel. p>

With that, I wish you a productive Wednesday!

Ghost Bites (Anglo American | Choppies | Ellies | Gold Fields | Impala Platinum | Kibo Energy | Renergen | Textainer)

Gold Fields was the story of the day, with an important new deal in Canada. We also saw updates from Anglo and Implats in the mining sector and Textainer in shipping. Renergen released its annual report. Look out for Choppies, Ellies and Kibo.

Unlock the Stock: TWK Investments

TWK Investments returned to the Unlock the Stock platform to discuss tough recent numbers and the outlook for the group.

Ghost Wrap #22 (Glencore | Anglo American | Sibanye-Stillwater | Capital Appreciation | MTN Nigeria | Prosus)

This week's Ghost Wrap starts with a heavy mining focus, takes a meander through fintech and telecoms and ends up at the simplest way of all to unlock value. Ghost Wrap is brought to you by Mazars.

Listen Now

Ghost Stories #13: Offshore or Offsides? Objectively Assessing Exposure with Nico Katzke (Head of Portfolio Solutions at Satrix)

In Episode 13 of Ghost Stories, Nico Katzke of Satrix returned to the platform to discuss a variety of topics around a central theme that is critical to all South Africans: the local vs. offshore debate.

Listen Now

Magic Markets Ep122: Anchoring Alternative Assets

Dino Zuccollo from Westbrooke is joined by Matthew Norwood-Young and Peter Little of Anchor Capital, bringing the number of guests on this show to three! We had a well-rounded discussion on alternative assets and their place in portfolios.

Listen Now

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