The Real Network The Money Shot

The Money Shot

Find out where the money’s going, who’s got the money, how you can make more of the money and who’s making decisions about the money. Every Monday on The Gareth Cliff Show we get an update on what’s happening in the world of finance from various experts in the field.
Weekly English South Africa Business · Investing
228 Episodes
100 – 120

Facebook dives while Dropbox flies

Global stock markets had a testing week, with the largest decline for the S&P 500 since 2016. While several factors drove the decline, fears of a trade war driven by the U.S. was the principal factor. Facebook had a difficult week, down 10% (wiping $50 billion off its market cap)…
26 Mar 2018 9 min

Viceroy, SA Business Confidence & Toys ’R’ Us closes in the US

Another week, and talk of another Viceroy report. Suspicion fell on Aspen (again), and even though it wasn’t the pharma, the share still fell from R256 to R230. Volumes were massive this week because of Futures Close-out and index rebalancing; on Thursday $4.2bn exchanged hands and on Friday $3.4bn. The…
19 Mar 2018 17 min

Tiger Brands takes a beating & Countries without a Stock Exchange

Nice positive market this week (+2.5%) - Naspers carrying the can again and trading above R3500 per share. Tiger Brands took a beating from the Listeriosis findings (-13.5% for the week). Exxaro plummeted >13% on Friday after a management breakfast and the release of an HSBC report downgrading the stock…
12 Mar 2018 15 min

A plethora of results & Steinhoff implodes

There was a plethora of results last week; some of the big ones include: Bidvest, Shoprite, Anheuser Busch InBev, Nedbank, Mondi, Barclays (or is that ABSA?). The CEO of Ascendis Healthcare, Karsten Wellner, resigns and the share bounces from below R10 per share (1st Feb) to above R14 (at close…
4 Mar 2018 19 min

Mining giants, H&M, Kylie's tweet & Warren's letter

Anglo American, BHP Billiton and Glencore reported last week. A German court postponed a ruling on whether German cities can ban diesel cars, which will have a massive effect on our platinum industry. H&M’s share price is down 40% over the last year (most of the fall since November). Kylie…
25 Feb 2018 15 min

Local shares fly & SA unemployment down

What a cracker of a week (that’s technical asset management speak for: the JSE was up 5.7%) and the Rand ended 11.63 (touched 11.56) against the US$. Local shares (especially banks) were flying! Property shares still under pressure after the “anonymous report” was released and they opened 15% lower on…
18 Feb 2018 12 min

A Bloodbath & Investec's new CEOs

Local bonds traded stronger on the back of a stronger Rand - which leaves us in an interesting position as we look to cut rates and the US looks to raise interest rates. A bloodbath start to the week with an equity market correction so many have been waiting for…
11 Feb 2018 18 min

A Volatile Market & the Viceroy/Capitec saga

Our market was the most volatile it's been in a long time and posted the biggest weekly loss in two years. The Rand weakened swiftly to trade back above 12/US Dollar. Lesetja Kganyago was named Central Banker of the year (Ballon d’or for economists). Eskom released results – they’re still…
4 Feb 2018 17 min

Rand strengthens as Cyril makes all the right noises

Great week on the JSE, the Rand traded below $12USD for the first time since April 2015 and the stock market ended almost a percent higher (despite the stronger Rand) – great combination of Cyril making all the right noises in Davos, the weaker dollar and stronger commodity prices. It…
28 Jan 2018 10 min

Retail Sales Surprise & Interest Rates Unchanged

On balance, a good week: market ended positive, the Rand still relatively strong and Eskom has a new board and acting CEO (at the eleventh hour). November retail sales surprised to the upside, coming in at 8.2% versus market expectations of 3.5% - looks like Black Friday sales worked! Unfortunately…
21 Jan 2018 14 min

Highs & Lows + Anthea's Top 3 stock picks

Global markets are hitting all-time highs, the Dow Jones breached the 25,000 level for the first time this week, and oil is at a three-year high. It was a messy week on the JSE but we still managed a positive close; the JSE closed above the 60,000 level this week…
14 Jan 2018 15 min

First Finance Update of 2018

We look at the stock market performance for 2017 and compare the JSE with global market performance. Anthea talks MTN and how there announcement of writing down a loan had a negative impact on profitability – and how it differs from what Steinhoff did. She also touches on why Travis…
7 Jan 2018 18 min

The Steinhoff drama isn't over yet

Despite being halfway through December, the volumes have not dropped, on Friday alone $4.4bn traded – no surprise really as the Steinhoff drama is not over; still lots of short covering and on Thursday Christo Wiese alone had a R1bn margin call. Naspers hosted their first Investor day in NYC…
18 Dec 2017 16 min

The Steinhoff saga continues & Naspers not out of the woods yet

Some good news with SA's Q3 GDP coming in at 2%. The Steinhoff saga continues: since Jooste’s resignation R223.8bn has been wiped off the exchange. Naspers is not out of the woods yet as US-based legal firm, Pomerantz starts an investigation and calls for shareholders to come to them for…
10 Dec 2017 17 min

Credit Ratings Agencies & more

CPI inflation was released, coming in slightly lower than expected. SARB kept rates unchanged – the uncertainty was too much for them to handle... and there is lots to talk about credit ratings agencies. PPC rejects Fairfax offer, Mr Price looks like it is getting back on its feet, and…
26 Nov 2017 18 min

Tencent, Tongaat & Vodacom

The market gained three quarters of a percent last week, mostly driven by Naspers on the back on Tencent’s exceptional results. Consolidated Infrastructure fell 60% in one day last week. Tongaat reported results, and Vodacom reported results - the share was punished for a disappointing dividend. We look forward to…
19 Nov 2017 14 min

Record sales for Alibaba & Steinhoff in "trouble"

The JSE hit an all-time high last week, but has subsequently retraced a bit. Macro: SACCI Business Confidence figures were released last week, and it’s just not getting better. Steinhoff is in “trouble” with the German authorities again - this time because they did not disclose a “material” transaction. Brait…
13 Nov 2017 17 min

Trump's new candidate & US company news

The Rand fell 4% for the month of October, but it translated into a 5.7% gain on the stock market. Some good and some bad news on the economic data front for SA, and the Bank of England raises interest rates for the first time in 10 years. In the…
6 Nov 2017 21 min

Rand reacts, Companies report & Amazon amazes

The Rand reacted swiftly to the very disappointing budget, but at least the weaker Rand had a positive effect on the Stock market. Rand hedges were higher this week (Naspers now R3407 per share), and both Clicks and Dis-Chem reported some decent numbers. Also reporting, was ABInBev – saved by…
30 Oct 2017 17 min
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