I bought my first shares in the midst of the 2008 financial crisis.
My first buy was Old Mutual shares, and the price rose by more than 211% in the 18 months following my buy…
I rolled some of my returns into a property company, and an industrial stock - in the end I turned a couple thousand rand as a student into enough money to pay for my studies, put down a deposit on my first propert... ››› more
In 2019 alone there have been 19 shares delisted from the JSE.
Not because they're bankrupt…
Or have violated regulations
Or just because it's too costly
No…
They are companies that were selling for WAY less than what they were worth.
Companies that have been grabbed up by astute investors, companies and funds that know the profits they make are worth a lot more than t... ››› more
Sometimes the stock market behaves inexplicably.
Quality companies trade at unbelievable discounts. Or they sell at prices so high that you might flinch.
What makes this difficult to muster is the fact that these ‘discrepancies' tend to keep going on for much longer than you'd think possible.
One such share was Curro Holdings.
The company listed in July 2011 and investors could p... ››› more
Today we'll go over why the era of electric cars could kill platinum as we know it, why I expect huge downside and what we can do to profit.
“It's a long-term risk to platinum; electric battery vehicles
don't need any platinum at all”
This is what Investec analyst, Marc Elliot told Bloomberg and that he anticipated a decade-long transition to electric cars, with hybrid cars.
In fact... ››› more
The producer price index, non-farm payrolls, new housing starts, gross domestic product….
The list of economic indicators released monthly is massive.
The South African Reserve Bank alone releases a four-page report with more than 110 different economic indicators each month. That's not even considering international indicators.
So, which of these indicators should you keep an eye on, a... ››› more
The Foschini Group is down 10.54% in the last month, Mr Price 10.40%, Truworths 6.33%.
And Lewis crashed a whopping 16.70%.
If you're invested in retail, it's been a bad month for you.
But before you start buying into the sector because it ‘shows value' I want to warn you…
South African retail sales are dropping and you need to watch out for the fallout
In its m... ››› more
Car sales are crashing.
Since 2014 they've been in a straight downtrend.
In fact, the latest figures from July 2016 show a drop of 17% (9,222 less vehicles) in vehicles sold compared to July 2015.
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Today, Stats SA released its retail sales data for September. Growth in sales fell.
With consumers feeling the strain, this data may provide further reason for the Reserve Bank to keep interest rates unchanged tomorrow.
Let's take a closer look at what the data revealed…
Retail sales dipped in September
Stats SA reported that retail sales growth fell to 2.7% in September, ... ››› more
Yesterday, Truworths released its business update covering the 18 weeks to 1 November.
The company showed a sharp rise in sales over the period compared with the same period last year. Truworths appears to be excelling despite a tough economic climate.
Let's take a closer look at what the company revealed…
Truworths shares gained 11%
Yesterday, shares in Truworths soared a... ››› more
Yesterday, the Department of Trade and Industry released its new vehicle sales data for September.
The data showed that new vehicle sales in South Africa are under severe pressure, but the export market continues to improve.
Let's take a closer look at what the data showed…
Domestic new vehicle sales dropped 9%
The Department of Trade and Industry showed that South African new veh... ››› more
Yesterday, Stats SA released its retail sales data covering July.
On an annual basis the key economic figure showed growth was higher than economists expected. But it was less than the growth seen during June.
Let's take a closer look at what the data showed…
Retail sales grew 3.3% in July
Retail sales came in at 3.3% on an annual basis in July, says BDLive. This is down from the... ››› more
Earlier today, Vodacom Group released its quarterly update to the end of June.
The mobile communications giant surprised with an ample rise in earnings over the three month period.
Shares in Vodacom are trading higher today as a result.
Let's take a closer look at what the company revealed in its quarterly update…
Vodacom posts a 7% rise in revenue
Vodacom [JSE:VOD] reported a ... ››› more
Yesterday the National Association of Automobile Manufacturers of South Africa (NAAMSA) revealed that the number of new vehicles sold last month fell.
The number of new cars sold also fell.
So why the drop in new vehicle sales?
Let's take a closer look…
New vehicle sales slump 3.4%
The NAAMSA said that new vehicle sales fell 3.4% from April 2014 to April 2015, says IOL. That’... ››› more
Over the last couple of weeks, the rand has been on a bit of a roller coaster ride. This included it weakening against the dollar to levels not seen for almost 12-years.
But the release of positive local data yesterday, along with the release of the US Federal Reserve's latest minutes has helped to bolster the local currency.
Let's take a closer look at what's going on…
The rand bene... ››› more
Yesterday, Stats SA released its retail sales data for December.
Growth in retail sales came in higher than economists had predicted. Falling prices at the pump and a boost in job creation could have driven the figure higher.
Let's take a closer look at what the data revealed…
Retail sales in December rose 3.4%
In December, retail sales rose “by 3.4% year-on-year,” reports Fi... ››› more
After plunging on Wednesday, the rand has managed to hold onto yesterday's minor gains.
But the local currency remains under pressure as investors shy away from riskier assets as a bid to find a resolution to Greece's debt crisis continues. Yet developments in Ukraine are adding some confidence back into the market.
Let's take a closer look at what's going on…
A ceasefire in Ukraine ... ››› more
Yesterday the National Association of Automobile Manufacturers (NAAMSA) released its new vehicle sales numbers for January.
The data showed a fall in new sales over the month after a significant rise in sales in December.
Let's take a closer look at what's going on…
New vehicle sales contracted 1.2%
New vehicle sales dropped “1.2% year-on-year in January to 52,306 units,” repo... ››› more
This morning, Woolworths Holdings released its trading update for the six-months to the end of December.
The retailer reported a large jump in sales growth for the period. This is mostly thanks to its acquisition of David Jones, an Australian department store, in August last year.
Shares rose on the news.
Let's take a closer look at what the update revealed…
Woolworths’ buyout o... ››› more
Earlier today, Massmart released its sales update for the 52-weeks to the end of December. The retailer reported a rise in sales of more than 10%.
The news sent its shares higher after their fall this morning.
Let's take a closer look at what the update revealed…
Massmart grew sales 10.4% for the year to December
Massmart [JSE:MSM] said that sales for the full-year rose “more th... ››› more
Earlier today, Stats SA released its retail sales figures for November.
The data came out better than expected, but the rate of growth was lower than the revised figure reported for October.
Let's take a closer look at what the data revealed…
Retail sales came in at 2.6% in November
Retail sales in South Africa “rose 2.6% year-on-year in November,” reports Fin24. This was high... ››› more
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