On this landmark 600th episode of JSE Direct, Simon Brown displays on the podcast’s journey from its beginnings as a radio present in 2008 to turning into a number one podcast for market insights. The episode covers a spread of matters, from South Africa’s native CPI and a strengthening Rand to the stunning twists within the gold market and a blended bag of company earnings.
Native Inflation Knowledge:
South Africa’s CPI has are available in higher than anticipated at 4.6%, fueling hypothesis on whether or not the subsequent fee lower by the MPC is perhaps extra aggressive than anticipated.
South Africa CPI | July 2024
Rand Strengthens:
The Rand has proven vital power, dropping beneath 18 to the greenback, with Simon analyzing the contributing components, together with overseas funding in bonds and a weakening US greenback.
Bull Market Sentiment:
Simon reaffirms the present bull market, highlighting the JSE’s all-time highs and advising listeners to remain invested whereas cautioning towards the dangers of sitting on the sidelines.
Top40 20 August 2024 | Weekly chart
Gold Market Rally:
Gold costs have surged above $2,500, pushed by central banks’ elevated purchases and issues in regards to the US greenback’s stability. Simon discusses the potential for additional good points within the gold market.
Company Earnings Recap:
- Coronation Fund Managers: Particular dividend introduced however falls in need of expectations.
- CMH*: Regardless of low liquidity, the inventory continues to climb, reflecting the breadth of the bull market.
- Sasol: Disappointing outcomes with no dividend payout, a state of affairs Simon had beforehand predicted.
- Spur Company: Sturdy earnings, signaling enhancing financial situations.
* I maintain ungeared positions.
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JSE Direct is an impartial broadcast and isn’t endorsed or affiliated with, nor has it been authorised, or in any other case accepted by JSE Restricted. The views expressed on this programme are solely these of the presenter, and don’t essentially replicate the views of JSE Restricted.
