Invest with Perspective

On 702’s The Money Show this week, Portfolio Manager Peter Brooke, discussed several key developments in the South African market, highlighting the dynamic nature of its financial landscape, as well as challenges and opportunities for investors and businesses. Thanks for listening! Follow us on Linkedin.

This week on 702’s The Money Show, our CIO, Siboniso Nxumalo, discussed the current state of the South African economy, focusing on the declining commodity prices. He highlighted the impact of lower prices of platinum group metals (PGMs) on SA's fiscal revenue, noting declining income tax and royalty contributions.  Nxumalo's insights shed light on the complexities facing our economy and the need...

Peter Brooke, along with other industry peers, attended a meeting with Deputy President Paul Mashatile, discussing the state of South Africa's business landscape. In this podcast Peter highlights the value of government-business dialogues in improving sectors such as energy, transport, and tackling crime. Tough times ahead, but dialogue is key. Have our latest investment-related podcasts sent dire...

Our Head of Equity Research, Meryl Pick, was on 702’s The Money Show sharing insights on what is happening in the Middle East and the financial implications. The immediate impact is seen on oil prices due to geopolitical tension, which could lead to potential inflation. Meryl advises that it is important to evaluate dependencies on affected regions like Israel; assess potential impacts on supply c...

In a recent interview on The Money Show Peter Brooke delves into Pick n Pay's challenging situation, marked by a significant share price drop and the appointment of Sean Summers as Chief Executive after 17 years. Brooke emphasises the importance of long-term strategic decisions in the retail sector, cautioning against hasty turnarounds and highlighting the need for evidence-backed changes.  Thanks...

In this podcast, Peter Brooke, discusses the current macroeconomic and market conditions, highlighting the challenges posed by rising interest rates, high oil prices, and weaker economic data, particularly in the Eurozone. Have our latest investment-related podcasts sent directly to your mobile. Subscribe here. Thanks for listening! Follow us on Linkedin.

There are several positive themes driving investment in the uranium industry, the most important being the green energy transition followed by multipolarity. Peter Brooke delves into the compelling case for uranium investment. He talks about the outlook and supply issues concerning this commodity.   Listen to the full podcast for more on the future of the uranium market.  Have our latest investmen...

What made top of the news yesterday was the Bob van Dijk stepping down as CEO of Naspers and Mondi finally selling off the last of its Russian operations. Our CIO, Siboniso Nxumalo, was on 702's Money Show sharing his views on these and other market-related topics.   Thanks for listening! Follow us on Linkedin.

This week on 702’s The Money Show, Arthur Karas talked about mining stocks, currency trends, the performance of specific companies, and provided insights into the current economic landscape. Markets have experienced a 1% decline for the month, while mining stocks saw some rebound due to several factors. Prosus and Naspers showed positive performance in the market, suggesting that improvements in C...

In this podcast, Peter Brooke discusses the quarterly unit trust statistics for Q2 2023 in South Africa and reflects on the changes in the country's savings industry over the years. Looking back 20 years ago, he notes that the industry has grown significantly, with total assets now reaching R3.4 trillion, primarily driven by compounding returns. Despite the industry's growth, the number of unit tr...

On 702 Money Show this week Peter Brooke discussed the influence of ongoing stimulus measures in China, the ripple effect on mining sectors, and the South African market's unique challenges, including the impact of load-shedding on food manufacturing companies. Additionally, Peter touched on the South African rand's fluctuation and its connection to local economic factors, such as debt, profit, an...

Siboniso Nxumalo was on the 702 Money Show discussing the resources’ recent bounce back, after being under immense pressure this year, especially when looking at the platinum group metals. He also shared his views on the Italtile results, which came out weak. They reported a profit decline of 15%. Thanks for listening! Follow us on Linkedin.

In this week’s podcast, Peter Brooke talks about the recent news flow that is adding weight to many of our investment themes. First is South Africa’s inflation, which came out better than the consensus at 4.7%, adding to the view that rate cuts could be the next big theme to unfold. He also touches on the recent BRICS summit, which took place in Johannesburg and closes off with the growing impact...

Peter Brooke discusses the economic situation in China and addresses the comparison between China's current state and Japan's past economic challenges in the 1990s. While some aspects of the "China is Japan" narrative hold true, there are significant differences and opportunities in China's situation. An International Monetary Fund (IMF) paper published this month, attempts to unpack the assets Ch...

Meryl Pick delves into the recent market dynamics, including the recovery bounce on the JSE after a series of challenging days and the complex interplay of global commodities. With a focus on China's growth trajectory, Meryl offers insights into the challenges faced by regulators and the potential impact on the economy. From the intricacies of consumer-led growth to the implications for global mar...

In this episode, Peter Brooke digs deeper into how valuations impact future returns. Valuations might seem like mere blips on the radar in the short term, but their effect increases over time. Looking at the economy, profits and the ongoing load-shedding challenge, things do not look good in the short-term. But the big de-rating in SA assets is creating a rosier outlook in the long term. Thanks fo...

Siboniso Nxumalo, provides valuable insights into Sasol's situation given its underwhelming performance. The discussion delves into whether Sasol's struggles are indicative of broader trends within the market, highlighting the challenges many businesses face in the current economic climate. The conversation expands to compare the performance of South African companies with their counterparts in ot...

While the short term points to a soggy patch in terms of global resource demand, Peter Brooke is bullish on mineral demand around the world in the long term. In three to five years, there is the potential for a resources super-cycle driven by de-carbonisation and higher inflation. The mining sector will certainly benefit from this shift, but South Africa is unlikely to. Thanks for listening! Follo...

Peter Brooke shares insights on the current global interest rate scenario. He notes that we are close to the end of the rate hiking cycle worldwide. As we approach the end of the rate hiking cycle and prepare for potential rate cuts, Peter urges us to navigate this uncertain period wisely. Adapting investment strategies and considering opportunities in different asset classes will be essential for...

Arthur Karas sheds light on the recent market fluctuations and the challenges faced by prominent companies like Telkom and MTN, which are standing in stark contrast with one another. While MTN has found new growth paths but faces challenges from a devalued Naira impacting costs, Telkom seeks to carve its own path amidst a transition from a dying legacy business to a growing segment. Thanks for lis...

Despite a steep interest rate cycle in the US, the current rally seems to be defying gravity and monetary policy tightening. The market's response has been counterintuitive. Meryl Pick raises an essential point about this rally, which might be driven by anticipation of an economic recovery and potential rate cuts from the Fed to stimulate growth. However, there's good news for emerging market curr...

The market witnessed an interesting twist as China's underperformance took centre stage. Arthur Karas sheds light on the market activity, highlighting two significant factors. Firstly, Chinese numbers showed impressive growth. Conversely, the luxury goods giant, Richemont, delivered underwhelming results, leaving investors questioning whether we are at the peak of the luxury cycle. This thought-pr...

Siboniso Nxumalo touches on Telkom’s clear and decisive strategy that has seen the underlying fundamental performance of Telkom improving. It recognised that the assets aren't the old telephone lines but infrastructure. He also talks to the global cycle down; what it means for markets and why we’re seeing the slowdown.  Thanks for listening! Follow us on Linkedin.

The latest episode of Macro Perspective with Peter Brooke reveals unsettling conclusions about the escalating tech war and its implications for the global economy and stock markets. From export bans and takeovers to the possibility of Taiwan's involvement, the landscape is laden with risks that could disrupt the world economy.  Thanks for listening! Follow us on Linkedin.

Peter Brooke shares a positive outlook for Anglo American, emphasising the favourable terms obtained by Botswana, where the diamonds were recently discovered, enabling them to leverage the resources for the benefit of their people. In SA, looking to the second half of 2023, Peter advises caution and suggests bonds and cash as potentially good investments, anticipating a market downturn. He identif...