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SARB & Treasury Fight Over Inflation | Which MPs Hold Crypto?
MP3•Episode home
Manage episode 498440148 series 17433
Content provided by JustOneLap.com. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by JustOneLap.com or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
๐๏ธ Worldwide Markets โ Episode 642 ๐ Recorded: Tuesday, 5 August ๐ผ Host: Simon Brown ๐ Powered by Standard Bank Shyft โ The global money app for travel, shopping, payments & investing.
๐ฎ Market Highlights- ๐ Purple Group* rocks ๐ Share price has more than doubled since April lows. ๐งพ PE at 56, but strong growth potential and product expansion. ๐ผ Simon holds the stock โ bought low, holding for the long term.
- ๐ฆ MPC shifts inflation target ๐ฏ ๐ฝ New anchor at 3%, down from 4.5%. โ ๏ธ Finance Minister pushes back โ governance concerns. ๐ธ Lower inflation = lower raises = better expectations management. ๐งจ Flip side: high real interest rates hurt growth & jobs.
- ๐ Vehicle sales boom ๐ July sales >51,000 units โ highest since 2019! ๐ป Light commercial vehicles dominate, Mahindra sneaks into Top 10. ๐ฐ CMH* shines with low PE and high dividend โ Simon holds. ๐ Motus also cheap, but Simon prefers CMH.
- ๐ช Gold miners printing money โจ AngloGold Ashanti*:
- ๐ Production +21%
- ๐ฐ Free cash flow +149%
- ๐ Net debt down 92%
- ๐ต 80c dividend
- ๐น Targeting R1,000/share โ already at R972! โจ Gold Fields also up ~150% YoY on earnings.
- ๐งพ US Bureau of Labor Statistics drama ๐บ๐ธ ๐ฅ Trump fires BLS head after unfavourable jobs data. โ Undermines trust in data โ risks U.S. credibility. ๐ Bad precedent: Greece, Argentina, China have all suffered from politicised stats.
- ๐ Tariffs impact SA agriculture ๐บ๐ธ U.S. tariffs on citrus & grapes kick in Thursday. ๐ Sector exposure: ~10% โ not massive but not zero. ๐จโ๐พ Some farmers and related stocks (e.g. Mpact) will take a hit.
- ๐ช Crypto in Parliament? ๐ฟ๐ฆ Of 490 South African parliamentariansโฆ only 2 declared owning crypto. ๐คทโโ๏ธ No surprise crypto isn't getting policy attention.
580 episodes
MP3•Episode home
Manage episode 498440148 series 17433
Content provided by JustOneLap.com. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by JustOneLap.com or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
๐๏ธ Worldwide Markets โ Episode 642 ๐ Recorded: Tuesday, 5 August ๐ผ Host: Simon Brown ๐ Powered by Standard Bank Shyft โ The global money app for travel, shopping, payments & investing.
๐ฎ Market Highlights- ๐ Purple Group* rocks ๐ Share price has more than doubled since April lows. ๐งพ PE at 56, but strong growth potential and product expansion. ๐ผ Simon holds the stock โ bought low, holding for the long term.
- ๐ฆ MPC shifts inflation target ๐ฏ ๐ฝ New anchor at 3%, down from 4.5%. โ ๏ธ Finance Minister pushes back โ governance concerns. ๐ธ Lower inflation = lower raises = better expectations management. ๐งจ Flip side: high real interest rates hurt growth & jobs.
- ๐ Vehicle sales boom ๐ July sales >51,000 units โ highest since 2019! ๐ป Light commercial vehicles dominate, Mahindra sneaks into Top 10. ๐ฐ CMH* shines with low PE and high dividend โ Simon holds. ๐ Motus also cheap, but Simon prefers CMH.
- ๐ช Gold miners printing money โจ AngloGold Ashanti*:
- ๐ Production +21%
- ๐ฐ Free cash flow +149%
- ๐ Net debt down 92%
- ๐ต 80c dividend
- ๐น Targeting R1,000/share โ already at R972! โจ Gold Fields also up ~150% YoY on earnings.
- ๐งพ US Bureau of Labor Statistics drama ๐บ๐ธ ๐ฅ Trump fires BLS head after unfavourable jobs data. โ Undermines trust in data โ risks U.S. credibility. ๐ Bad precedent: Greece, Argentina, China have all suffered from politicised stats.
- ๐ Tariffs impact SA agriculture ๐บ๐ธ U.S. tariffs on citrus & grapes kick in Thursday. ๐ Sector exposure: ~10% โ not massive but not zero. ๐จโ๐พ Some farmers and related stocks (e.g. Mpact) will take a hit.
- ๐ช Crypto in Parliament? ๐ฟ๐ฆ Of 490 South African parliamentariansโฆ only 2 declared owning crypto. ๐คทโโ๏ธ No surprise crypto isn't getting policy attention.
580 episodes
All episodes
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