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.
๐ง Random Insights
- ๐ช Crypto in Parliament?
๐ฟ๐ฆ Of 490 South African parliamentariansโฆ only 2 declared owning crypto.
๐คทโโ๏ธ No surprise crypto isnโt getting policy attention.
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JSE โ 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.
Wednesdays are all about hard-core investing and trading with Simon Brownโs 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.
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JSE โ 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.
