The rand has collapsed over the last two weeks. It moved from below R13,90/$ to worse than R15,30/$. That's more than 10% weaker in a fortnight. Obviously, many of you are worried you've lost your chance to get money out of SA at a reasonable exchange rate.
The question on everyone's mind: Should you get out now or wait for a better level?
The only way to answer this question is to look f... ››› more
It's been a tough few weeks for South Africa.
It all started when finance minister, Tito Mboweni, unveiled yet another bailout for Eskom. The R59 billion taxpayer band aid then spooked international investors and prompted announcements from ratings agencies Fitch and Moody's.
Both echoed the usual concerns about slowing growth, rising government debt and the inability of our policy framewo... ››› more
The rand has only just broken back below the key R14/$ level and I can tell from the client flows going through our treasury desk, many South Africans are once again keen to get money out of the country.
The USD/ZAR exchange rate was well over R15/$ just a few weeks ago.
This means, the rand has firmed up around +7.75% in the last month-and-a-half. Put another way, that's about a year's wo... ››› more
The Rand has staged a stellar rally. Strengthening from above R15 against the USD to below R13.90. It came within half a cent of our R13.8550 target against the USD but the price is consolidating. It's time to bank our profits after a 6.24% gain, with gearing your gain could have been more than ten times larger.
Trading the other way and going long the USD against the ZAR has good risk to rewa... ››› more
The US markets are closed today for the 4th of July public holiday. And, to celebrate our American friends' Independence Day, I thought it would be an excellent time to look at one of the most successful companies to come out of their capitalist democracy: Microsoft.
Why I think these gold shares could make 2019 the most profi... ››› more
Bidcorp's attempted breakout above the R320 per share resistance level failed, this is the third time since 2017 that Bidcorp's share price failed to move above R320.
The share price has pulled back over 3% with further advances unlikely, investors should look to lock in profits as the share price is on a standard deviation of 2.4. This signals a pullback is likely, and a retracement has starte... ››› more
This Thursday is futures closeout from 12h00 until 12h15. During this time the market is in an auction as the June derivative contracts close with a final mark to market price. Typically, closeout presents many profit opportunities as banks, hedge funds and traders manage their positions. Their aim is to maximise profits on some positions and reduce risk of loss on others.
Stocks to watch are ... ››› more
Take a moment to look at following logos:
Behind these logos are some of the strongest, blue-chip companies on the planet.
These global companies have such a broad reach that even today, at the tip of Africa, you’ll likely recognize some, if not most, of the brands.
6 Shares... ››› more
The Rand has been one of the strongest EM currencies in the past few weeks, but the strength will be short lived. The Rand has been boosted by a dovish FED, an ECB trying to balance monetary policy and economic growth, and the easing of Trade War fears. But all the positives are fickle and cautious investors should be looking a few steps ahead.
Investors looking to diversify off... ››› more
President Trump sent global markets roaring higher after he and China's President Jinping agreed to de-escalate the tit-for-tat tariffs. It's only for the next three months, but signals Trump is realising the potential damage he is causing to the US economy.
This is good news, when you consider Fed Reserve Chair... ››› more
The GEPF recently announced that it plans to invest more of its funds offshore. This move could have a massive negative impact on South African financial markets.
How big a negative impact?
As much as FIVE times worse than the country being downgraded to junk status.
Some of you ... ››› more
Just a few years ago, trading offshore was an absolute nightmare.
Not only did you have to physically take your money out of the country, you also had to endure these five tedious experiences:
~ $2,500 minimum deposit
~ Endless paper work to fill in and sign
~ Limited access to instruments and control of the portfolio
~ Over a week to withdraw and deposit funds
~ Costs through the roof
... ››› more
Today I offer you this invitation to invest in our new unprecedented service.
This opportunity will allow investors to experience the profitable world of trading.
The only difference is you won't be in it alone… You will have backup of a 15 year experienced trader who has absolutely no conflict of interest.
In fact, this trader in particular has managed to put R824,000 into his pocket i... ››› more
As we enter 2018, many people are looking to diversify their portfolios.
Normally this would be an ideal time to invest offshore, but unfortunately offshore markets are at record highs. So it's difficult to find any value.
At the same time, staying in cash is not viable with global inflation edging up slowly.
So how can you diversify offshore without putting too much of your money at ... ››› more
Q. Which broker can I trade offshore CFDs and do I need a lot of money?
A. Just two years ago, you needed around $2,500 (R34,000) to open and trade offshore accounts.
Fortunately for you, those days are long gone.
We understand that finances are tight nowadays. And with the ever increasing costs of transport, food and living expenses, we've tracked down the most affordable offshore broker... ››› more
Over the last year, the one question I have been asked more than any other is…
“How do I invest offshore?”
Today, I'm going to answer that question and show you how to invest offshore in three easy steps…
The Bitcoin Lie: Discover what could really happen to cryptos in the next 12 months and beyond… Click here now to claim your FREE copy.
Step #1: Determine how ... ››› more
Commodities take a step lower
Brent oil led the commodity basket lower last week, losing 8,1%; Platinum and Gold were down 5,7% and 2,4% respectively.
Although the Rand softened, the pressure was too much for the JSE All Share Index which fell 0,8%. Resources fell 5,5%, but the rest of the sectors held up well.
International indices were slightly softer across most time zone... ››› more
Since my last article on the subject of structured products I have received a number of enquiries from readers asking for more information. Due to the overwhelming response I decided to do this follow-up article and go over the most frequently asked questions.
First, for those who may not have read the original, here is a brief recap. I discussed a currently available structured product with ... ››› more
“Triple Witching” refers to the combined expiration of the Index futures, Index options and stock options. In the UK and US this happens on Friday's, but in SA it happens a day earlier on Thursday. The event typically creates increased market activity and in some cases volatility.
Global markets were relatively subdued for last week's expiry, the US, UK and European majors were firmer by b... ››› more
The news yesterday that several ministers have been recalled to SA has created some consternation; the Rand jolted back 3%. There is speculation of a cabinet reshuffle and/or further legal developments relating to the impasse between Treasury, Banks, and the Gupta's…...
The new Mining Charter is expected to be released this week. And the market is bracing itself for new challenges. This just... ››› more
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