The Money Shot

Amazon heads towards a $1 trillion market cap

This week Seleho Tsatsi from Anchor Capital stands in for Anthea as he kicks things off with a wrap of August's biggest stocks moving, MTN going down 19% on Thursday and Tencent dropping 5% on Friday after new restrictions on gaming in China. He also looks at Mr. Price's trading…

3 Sep 2018 12 min

A Small Victory for Naspers

This week, Anthea notes the CPI inflation creeping higher than expected, coming in at 5.1% vs June 4.6% and looks at Blue Label telecom, Bidcorp, Woolworths, Shoprite and Italtile company reports. She discusses how Naspers has bounced this week, starting on Monday, by gaining 4% after it said it was…

27 Aug 2018 13 min

The Turkey Drama Continues

The Turkey drama (“economic war”) continues, dampening demand for Emerging Markets – the Rand hit 15 against the US$ twice last week. Elon Musk is now being investigated by the SEC and playing the sympathy card (which personally, Anthea finds hard to buy). The biggest news for the JSE this…

20 Aug 2018 13 min

Motsepe's African Rainbow Capital goes Digital

Emerging market currencies blew out last week because of economic and political issues in Turkey, leading the Rand to surpass 14/US$. Anthea also touches on Nedbank, MTN and Glencore report results before discussing African Rainbow Capital buying Tyme Digital Bank. Finally, find out how Elon Musk is making waves by…

13 Aug 2018 14 min

SA Unemployment at a 15 year high

Anthea breaks down this week's financial news which brings about another scary statistic: SA unemployment is at a 15 year high! She also looks at the factors that lead to the Rand taking a beating. And in company news, Impala Platinum announces they are cutting 2/3rd of their workforce while…

6 Aug 2018 13 min

The Money Shot -A history-making drop for Facebook

The Rand is powering ahead on the back of a weaker Dollar, commitments from the Chinese President for Foreign Direct Investment, and talks of BRICS countries rallying together to negate the impact of Trade Wars. Anthea breaks down this week's big financial stories. She also touches on Hulamin, Capco, AECI…

30 Jul 2018 12 min

A R217m SARS claim for Christo Wiese

It's been a slightly positive week on the JSE, despite volatile global markets. CPI Inflation came in lower than expected at 4.6%. SARB, MPC decided to leave rates unchanged; but the governor pointed out the rising oil price and global trade wars as key concerns. Anthea also updates on retailers'…

23 Jul 2018 12 min

Do you still watch cable TV?

Markets are heavy again this week... we’ll just blame Donald Trump! Trade wars continue as he imposes more tariffs on imported goods. It was a week of unbundling as Torre announced their delisting from Stellar and Tsogo Sun gave details of the separate listing of their properties. Barclays Group Africa…

16 Jul 2018 15 min

Trade Wars & Capitec’s Fee Charges investigated

The JSE and global markets are under pressure on the continued talks of what might now officially be a trade war. Trump has imposed $34bn of import tariffs on goods from China, China immediately responded, and even Russia jumped on the wagon imposing a 25%-40% tariff on yellow metals. There…

9 Jul 2018 18 min

Rand remains volatile & Steinhoff finally reports results

The JSE closed the month 3.5% higher, with all the gains coming on the last trading day of the month! Our currency remains as volatile as ever, 13.82/$ and 18.10 to the Pound. Employment in South Africa‘s non-agriculture sector rose 0.6% in the first quarter of 2018 to 9 838…

2 Jul 2018 15 min

It's Looking Good for the Consumer

The Rand was all over the place last week, weakening to 13.92 /USD on Wednesday and leading to Anthea having tons to comment on this. CPI Inflation moderated slightly to 4.4% - looking good for the consumer. Anthea also explains how the Current Account deficit widening to 4.8% is much…

25 Jun 2018 10 min

A Seat at the G7 Table

It was a tough week with the economy contracting 2.2% and the Rand hitting 13.38/US$. South Africa has received an invitation to the G7 meetings for the first time in 7 years. What does Anthea make of this? Hear that, as well as her take on Steinhoff getting a “lifeline”…

11 Jun 2018 17 min

R3.3m to Lunch with Warren Buffett

The JSE ended 4.5% lower in May - almost nowhere to hide as the emerging markets risk off trade continues. The Rand hasn’t reacted very well either, and in fact, was lower after the trade balance and PMI manufacturing numbers were released. Oil has come off from $80/bbl. Europe’s having…

4 Jun 2018 14 min

Tough times for Massmart & Tiger Brands

Not a great week on the JSE – two major drivers, firstly the continued sell-off in emerging markets, and secondly, lots of consumer dependent company results... a few bright spots, but predominantly bad news. The SARB left the benchmark interest rate unchanged. S&P leaves SA credit rating unchanged – yay,…

28 May 2018 12 min

Goodbye Ramaphoria & Cambridge Analytica

It seems Ramaphoria is well and truly a thing of the past – combined with stronger US dollar and the global emerging markets risk off; our market fell another 1% this week, making the decline this month 3%. Oil hit $80 / bbl this week; something we haven’t seen since…

21 May 2018 12 min

The Dollar & Flipkart

Tamzin Nel stands in for Anthea this morning as she reflects on the impact of the dollar slightly coming off its highs towards the end of last week, and what it means for investors if the Fed starts increasing rates. What are the proposed plans for Flipkart after Naspers sold…

14 May 2018 7 min

New JSE listing & Elon Musk takes on candy

Market update: tough week, but a strong finish on Friday as Naspers led the gains, climbing 4.8% on the day. The rand also off its weaker levels, but still quite weak at 12.50/US$. MTN put out a quarterly update. Dis-Chem released a very disappointing set of results. New listing on…

7 May 2018 16 min

Facebook, Alphabet, Netflix & Tesla

Henry Biddlecombe stopped by instead of Anthea to talk about earnings season in the US. We talked about Facebook, Alphabet, Netflix and Tesla, among others. The 10-year bull market is making a lot of nervous investors even more nervous. They’re waiting for signs that it’s over. US GDP is up,…

30 Apr 2018 8 min

Ghana, Sagarmatha & Netflix

Anthea is back from Ghana and has lots to say about it. The market has been volatile - last month the JSE lost 4.6%, and this month we’re already up >4% (although, nothing like the Cryptocurrency moves this month +75% m-t-d). The Rand is back to pre-Ramaphosa levels at 12.36…

25 Apr 2018 17 min

When the US/China Trade Wars Sneeze...

Markets had a volatile week because of US/China Trade Wars. Even local data has no clear direction as Business Confidence subsides but PMI data improves. In company news, the team debate the resignation of Mark Lamberti from the Eskom board after the court ruling against him; and the Steinhoff share…

9 Apr 2018 17 min