Boxer IPO Hits the Market
- Boxer* (JSE code will be BOX) lists on 28 November, debuting at R54/share after a highly oversubscribed IPO.
- Strategies discussed for trading or investing in Boxer shares, including buying through Pick n Pay shares.
- Key takeaway: Patience is key; wait for potential pullbacks.
Two-Pot Retirement Savings and Market Impact
- Early evidence of consumer spending from the two-pot retirement system.
- Stocks like Mr. Price*, Pepkor, and Keith McLachlan’s picks (e.g., Afrimat, Netcare) reviewed as beneficiaries.
Satrix 40 ETF Turns 24
- Launched in 2000, the Satrix 40 has delivered an annualized return of 11.3%.
- Impact: Introduced passive investing and slashed fees for South African investors.
Bitcoin’s Psychological Barrier at $100,000
- Bitcoin fell short of the $100K milestone, retracing to around $93K.
- Analysis of big psychological levels in markets and what this means for Bitcoin’s momentum.
Bitcoin | Weekly | 27 November 2024
Anglo-Platinum Share Sale
- Anglo-American reduces its stake in Anglo-Platinum, selling at cycle lows.
- Discussion on PGM market challenges and future outlook.
Trump’s Proposed Tariffs
- Announced 10% tariffs on all Chinese imports and 25% on goods from Mexico and Canada.
- Potential economic implications and geopolitical fallout analysed.
Rand, DXY, and Gold
- The Rand holds surprisingly well despite DXY strength; predictions for 2024 suggest potential recovery.
- Gold price fluctuations and long-term bullish outlook.
US$ Index (DXY) | Weekly | 27 November 2024
Commodity Spotlight: Coffee and Cocoa
- Coffee prices hit 20-year highs due to Brazilian droughts, impacting consumer costs.
- Cocoa prices stabilise after a surge, with Nestlé and soft commodity ETFs in focus.
Super Group and SG Fleet Deal
- SG Fleet receives a buyout offer, boosting share prices.
- Opportunities in second-tier stocks like Invicta and Hudaco highlighted for a potentially improving economic environment.
MPC Update
- South African Reserve Bank increases rates by 0.25%, citing risks from core inflation and external pressures.
All charts by KoyFin | Get 10% off your order
00:00 Market Overview and Boxer IPO Insights
03:08 Two-Pot Money and Consumer Spending Trends
06:03 Satrix 40: A 24-Year Retrospective
08:51 Bitcoin’s Psychological Barriers and Market Sentiment
11:40 Anglo-American’s Strategic Moves and Market Reactions
14:58 Commodity Prices: Coffee and Cocoa Trends
17:49 Monetary Policy Committee Decisions and Economic Outlook
JSE – The JSE is a registered trademark of the JSE Limited.
JSE Direct is an independent broadcast and is not endorsed or affiliated with, nor has it been authorised, or otherwise approved by JSE Limited. The views expressed in this programme are solely those of the presenter, and do not necessarily reflect the views of JSE Limited.
Thursdays are all about hard-core investing and trading with Simon Brown’s famous JSE Direct podcast. JSE Direct started life on ClassicFM in July 2008 and became a podcast in 2011. Every week Simon shares his views on the state of global economies, individual shares and events moving markets.
Contact Simon
More about Simon
JSE – The JSE is a registered trademark of the JSE Limited.
JSE Direct is an independent broadcast and is not endorsed or affiliated with, nor has it been authorised, or otherwise approved by JSE Limited. The views expressed in this programme are solely those of the presenter, and do not necessarily reflect the views of JSE Limited.
