The Money Train

The Money Train

Enjoy it while it lasts Keen for a fun fact? Taking inflation into account, the United States Federal Reserve (The FED) has spent more money in the form of economic stimulus to recover from the global COVID-19 pandemic than it had spent on both world wars combined! As the rate of the global vaccine rollout…

The Economic Cycle explained

The Economic Cycle explained

The economic cycle is defined as the fluctuations of the economy between periods of expansion and contraction (recession). The most commonly used economic indicator to determine the current stage of the economic cycle is a country’s gross domestic product (GDP). There are other key economic indicators such as interest rates, unemployment and consumer spending to…

Daily Market Review

Daily Market Review

*Wednesday, 28 July 2021* US and European equities closed lower across the board. Tech stocks were the biggest losers as China’s crackdown weighed on sentiment. Microsoft, Alphabet and Apple posted a surge in revenue and record earnings beating analyst expectations. Boston Scientific rose 3.5% after the medical-devices company raised earnings guidance while UPS fell 7%…

2021 Q1 Newsletter

2021 Q1 Newsletter

SOUTH AFRICA – Economic Outlook South Africa’s GDP has grown by 4.6% during the first quarter of 2021 on an annualised basis. Further, the accommodative monetary stance from the South African Reserve Bank (SARB), in the form of record low interest rates should aid further economic recovery as the ZAR continues to remain relatively strong…

Listed Securities Watchlist

Listed Securities Watchlist

MOTUS HOLDINGS LTD Business Profile Motus Holdings Ltd. (South Africa) is a holding company, which through its subsidiaries, engages in the provision of motor vehicle services. It operates through the following segments: Import and Distribution, Retail and Rental, Motor-Related Financial Services, and Aftermarket Parts. The Import and Distribution segment includes the sale of imported of…

Economics 101 – Why SOEs (public entities) has never and will never work in South Africa

Economics 101 – Why SOEs (public entities) has never and will never work in South Africa

State-owned enterprises (public entities) are meant to be independent bodies partially or fully owned by government. By textbook definition, using public authorities rather than full privatization is seen as taking advantage of private-sector efficiencies and maintaining public accountability. Forget about corruption, blame the system rather than the government Let’s look at an example: You receive…

Listed Securities Watch List

Listed Securities Watch List

LEWIS GROUP LTD (LEW:JSE) Business Profile Lewis Group Ltd. engages in the retail of household furniture and electrical appliances through its trading brands: Lewis, Bears, and Best Home and Electric. It operates through the following segments: Lewis, Best Home and Electric, Bears, UFO, and Group. The Lewis segment sells a range of household furniture, electrical…