Recent Money Morning Articles
Know what’s happening in the markets… Why it’s happening and never miss another investing opportunity again.
“Demand Destruction” vs “Demand Deferral”: Why it matters more in small caps than anywhere else
Every JSE small-cap investor has experienced this. A company you own reports disappointing results. Revenue falls. Earnings miss expectations. The share price drops 30% in a day. Before asking whether you should sell, ask a different question: Is this demand destruction or demand deferral?
Special Economic Zone (SEZ): The quiet policy shift that could create South Africa’s next industrial boom
South Africa hasn’t just been losing factories. It’s been losing the industries that create skilled jobs, exports and long-term economic growth. For investors, that’s mattered too. A shrinking manufacturing sector has meant fewer quality industrial businesses coming to market, weaker earnings growth across large parts of the JSE and fewer opportunities to invest in companies benefiting from a growing economy.
Why South African investors should care about the biggest US-Japan currency move in 15 years
The US and Japan have just intervened in the currency market together for the first time since 2011. Here’s why it could affect your investments too.
Complexity VS Panic – Why the 2026 market will reward a different kind of thinking
In March 2020, the single best investment skill you could have had was courage. The market had collapsed. Everything was cheap. The only question was whether you could override the fear response long enough to buy. 2026 is different. The market isn’t in freefall. Most assets aren’t universally cheap. Nor are the opportunities obvious.
Why Do Companies Buy Back Shares?
Over the past two weeks, we’ve explored why companies list on the stock market and how they decide whether to reinvest profits or pay dividends. But dividends aren’t the only way companies can return value to shareholders. Increasingly, companies are choosing to buy back their own shares.
IBM just lost $68.8 billion in a single day! Here’s what it’s really telling you…
On Tuesday 14 July 2026, IBM had the worst trading day in its 115-year history!
The company’s shares fell 25.21%, and in a single session, $68.8 billion of market value evaporated.
Before markets opened the following morning, the question in every investment conversation was the same: is this a buying opportunity or a warning sign?
What the JSE’s Two-Tier Reform means for small caps
In September 2024, the Financial Sector Conduct Authority approved a two-tier reform – the JSE’s split of its Main Board into two segments – Prime and General – with simplified Listings Requirements taking full effect in early 2026.
Why liquidity is the hidden tax on every small cap return…
Every investor knows what brokerage costs. It’s on the contract note, in rand and cents, impossible to miss. What almost no retail investor calculates, and what can dwarf that brokerage fee many times over, is liquidity cost. The price you actually pay to get into a small cap, and the price you actually receive to get out of one, when very few shares change hands on any given day.
What Dividends Really Tell You
Last week, we looked at why companies list on the stock market and how investors can share in their growth. But what happens after a business becomes profitable? Does it keep investing every cent back into the business, or does it start rewarding shareholders? The answer often comes down to dividends.
AI hardware stocks: Why sky-high prices actually make sense right now
The extraordinary gains in AI hardware companies may have you wondering whether the sector has entered bubble territory. Chipmakers and equipment suppliers have risen by 500% to 1,000% since the AI boom began, prompting understandable scepticism.
AI-Flation: The hidden cost of the AI boom that just arrived on your doorstep
The promise of artificial intelligence has always carried an implicit economic assumption: that more computing power, applied intelligently, would drive costs down. Cheaper drug discovery. Cheaper logistics. Cheaper software development. A more productive economy with lower prices for everyone. That assumption just ran into reality. And reality, on 25 June, took the form of two back-to-back price announcements from two of the world’s most valuable companies.Giving rise to AI-flation.
Why Do Public Companies Exist?
Every day, millions of investors buy and sell shares on stock exchanges around the world. Yet few stop to ask a surprisingly simple question: why do public companies exist in the first place?
The second-round inflation effects are coming – here’s what it means for your portfolio…
South Africa’s inflation rate was 3% in February 2026. A 21-year low. The SARB was projecting rate cuts. The economy was, by any reasonable measure, in the best monetary policy position it had been in for two decades.
Know what’s happening in the markets… Why it’s happening and never miss another investing opportunity again.
By entering your email, you will begin receiving MoneyMorning as well as occasional marketing messages. You can unsubscribe from each at any time. Our Privacy Policy.
