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 the positivity hasn’t flowed through to all the retailers who put out trading updates: Woolworths, Shoprite & The Foschini group. The MPC leaves interest rates – voting 5:2, and Viceroy shortseller is unveiled.

More Info

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 (it hit 61,000 in November and retraced since – thank you Naspers). The drama was in Aspen which was down 10% on Tuesday alone; Resilient, Rockcastle/Nepi and other property stocks got severely beaten down – all because of speculation on the next Viceroy report target. JP Morgan released results, and they have a R1.7bn loss related to one levered derivatives position (word on the street is it’s a Steinhoff position). There is still value in our market – find out Anthea’s top three stock picks on the JSE and why she’s chosen them.

More Info

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 Kalanick sold shares and how the US created 148k jobs in December.

More Info

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.

More Info

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 a class action lawsuit. CRH has withdrawn their bid for PPC, EOH is under huge pressure this week, despite no tangible or fundamentally based news stories… and the US economy added 228k new jobs in November.

More Info

The market suffered last week under a stronger than expected Rand and a weak Naspers, despite a good set of results. Private Sector Credit extension was weaker than expected at 5.4% year on year. US consumer confidence hit an all-time high as the S&P500 index hit record highs. In company news – FirstRand’s Laurie Diepenaar steps down to make way for Jardine, Advtech has voluntarily disclosed a fraud at top management, and Bidvest confirms the sale of Comair.

More Info

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 Taste Holdings is unable to sell their jewellery business and has to raise almost their market cap in a rights issue. Plus, the US jobless claims are below 300k for the 142nd consecutive week.

More Info

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 the MPC and the credit rating agencies this week.

More Info

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 released a trading statement and Imperial – the car and logistics business – sold their chemicals business unit Schirm to AECI. Richemont reported results – profit up 45%, Tencent buys more of Snapchat, and Alibaba generated a record $25bn in sales on Singles day.

More Info

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 US, non-farm payrolls disappointed and Trump has put forward his candidate, Jay (Jerome) Powell, to replace Janet Yellen when her term ends in February. There wasn’t much in SA company news, the focus was all in the US: Facebook, Tesla, Mastercard, Pfizer and ‘the great and good’ Apple (getting closer to being a $1trn market capitalisation company).

More Info
Page 2 of 1512345...10...Last »