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! Follow us on Linkedin ....
Aug 11, 2023•10 min
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 optimising returns. Thanks for listening! Follow us on Linkedin ....
Aug 01, 2023•3 min
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 listening! Follow us on Linkedin ....
Aug 01, 2023•5 min
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 currencies, including the SA rand. The sentiment suggests that the worst may be over for the US rate hik...
Jul 25, 2023•7 min
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-provoking discussion prompts us to challenge our assumptions about the rand and consider the potential...
Jul 18, 2023•11 min
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 .
Jul 11, 2023•8 min
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 .
Jul 11, 2023•4 min
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 identifies opportunities in SA companies and the positive long-term prospects for SA, as we make progress i...
Jul 04, 2023•9 min
An event that marked an end of an era, Peter Brooke highlights the importance of due diligence, critical thinking, and trust in the investment landscape. Catch the six lessons now. Have our latest investment-related podcasts sent directly to your mobile. Subscribe here . Thanks for listening! Follow us on Linkedin .
Jun 27, 2023•5 min
Arthur Karas provides insights into the impact of global factors on South Africa's economy. The challenges presented by inflation, interest rates, geopolitical events, and industrial sector performance reflect the complex dynamics that businesses and individuals must navigate. As South Africa continues to face these challenges, it is essential to stay informed and adapt strategies to thrive in this evolving environment. Thanks for listening! Follow us on Linkedin ....
Jun 27, 2023•5 min
Peter Brooke delves into the exciting state of global markets and the performance of specific companies. We've seen the absence of an anticipated recession, providing a stable foundation, falling inflation rates, better-than-expected results, and a decline in energy prices have contributed to a global upward trend. Thanks for listening! Follow us on Linkedin .
Jun 20, 2023•5 min
South Africa now illustrates the double-sided nature of risk. Sentiment is dire, but assets are cheap, and there's potential for recovery with Chinese growth, private sector electricity delivery, and foreign investor interest. Like China, investing in new economy sectors will be crucial for our development. Have our latest investment-related podcasts sent directly to your mobile. Subscribe here . Thanks for listening! Follow us on Linkedin ....
Jun 13, 2023•4 min
Another possible merger & acquisition in Telkom generates interest due to potential growth prospects in business because of fibre infrastructure specifically in under-penetrated areas. And positive sentiment surrounding loadshedding and averted US debt default contributed to the rand's strengthening, along with interest rate differentials favouring the currency. Thanks for listening! Follow us on Linkedin ....
Jun 13, 2023•5 min
Arthur Karas discusses the current state of markets and the factors impacting them. He mentions the weak currency, interest rate hikes, and the recognition of bad news across various markets. He also discusses the potential paths for the US economy and China's reopening progress. Additionally, he highlights the oil price, the impact on Sasol, and the potential benefits for the company in the future. Overall, he provides a mix of cautious optimism and acknowledgment of ongoing challenges. Thanks ...
Jun 06, 2023•6 min
Today the rand is at the same level it was in 2020, 2008 and 2001, at a time of global crisis. Emerging markets have underperformed materially, including SA, but JSE is performing strongly. Siboniso Nxumalo explains. Thanks for listening! Follow us on Linkedin .
May 30, 2023•5 min
Peter Brooke delves into the intricate concept of multipolar global dominance and sheds light on the crucial factors that drive our investment decisions. These insights provide valuable guidance for investors navigating the complexities of the global market. Have our latest investment-related podcasts sent directly to your mobile. Subscribe here . Thanks for listening! Follow us on Linkedin ....
May 30, 2023•4 min
In his latest Macro Perspectives, Peter Brooke reflects on the rand, the actions we've taken to maximise investment outcomes based on rand's position and shares our forward-looking perspective, amid several challenges, including a slowing global economy. Have our latest investment-related podcasts sent directly to your mobile. Subscribe here . Thanks for listening! Follow us on Linkedin ....
May 23, 2023•5 min
Meryl Pick reflects on the resilience of South African companies, amid varying challenges, like load shedding and the remnants of a global pandemic. This after Astral reported a sharp decline in earnings. Thanks for listening! Follow us on Linkedin .
May 23, 2023•9 min
Peter Brooke shares his views on the SA bond yield and whether we're seeing a value trap in this part of the market. Further highlighted in this conversation, results from Raubex and Vodacom. Thanks for listening! Follow us on Linkedin .
May 16, 2023•9 min
in his latest Macro Perspectives Peter Brooke shares his thoughts on a geopolitical talk on the reframing away from a “US versus China” world, the dominance of China in Africa, Africa's growing population, and the ever-present electricity crisis. Have our latest investment-related podcasts sent directly to your mobile. Subscribe here . Thanks for listening! Follow us on Linkedin ....
May 09, 2023•3 min
Meryl Pick shares her insights on how the markets behaved yesterday, the pressures in the property sector, such as the impact of diesel costs on retail shares, and the choices retailers need to make between protecting margins versus maintaining market share. Thanks for listening! Follow us on Linkedin .
May 09, 2023•7 min
In his latest Macro Perspectives, Peter Brooke reflects on the impact of the US First Republic Bank bankruptcy, the six interest rate hikes globally as we ended April, and his concerns around recent data releases. Have our latest investment-related podcasts sent directly to your mobile. Subscribe here . Thanks for listening! Follow us on Linkedin ....
May 02, 2023•3 min
In his quarter one 2023 market update, Siboniso Nxumalo, Chief Investment Officer, talks about two themes: a desynchronised world and South African cycle slow, as he puts our fund performance in perspective. At this moment, we're seeing a high risk of a US recession, and China reopening. While remaining optimistic about South Africa, we're seeing a slowdown cycle. Thanks for listening! Follow us on Linkedin .
Apr 25, 2023•6 min
Arthur Karas, reflects on yesterday's top performers, which suggest the kind of environment people are looking for - protection from volatility and access to benefit from opportunities. Thanks for listening! Follow us on Linkedin .
Apr 25, 2023•9 min
In this week's Macro Perspective podcast, Peter Brooke highlights key findings from an academic paper on companies producing net wealth from stock markets in the last 30 years, by Hendrik Bessembinder. Peter believes that the winners over the last 30 years won't be the winners in the next 30. Have our latest investment-related podcasts sent directly to your mobile. Subscribe here . Thanks for listening! Follow us on Linkedin ....
Apr 18, 2023•5 min
Siboniso Nxumalo, Chief Investment Officer at Old Mutual Investment Group, touches on the story of the day; Naspers and Prosus, both closing by just about 4%, and how a company like Altron is becoming really difficult to run in a country like South Africa. Thanks for listening! Follow us on Linkedin .
Apr 18, 2023•5 min
Meryl Pick discusses the news around OPEC+ and the impact on oil production and price. Although their trading update was flat, the Pick and Pay share price is up, signaling the first sign that negative newsflows are included in the price. And as a long-term investor one must take cognisance of this. Thanks for listening! Follow us on Linkedin .
Apr 04, 2023•5 min
Prioritising financial stability beyond growth, the SARB surprised with a 50 basis points rate hike. According to Peter Brooke, the catch up is justified given that SA lagged most central banks over the last three years. Currently, the JSE is driven by global shares rather than domestically oriented shares. In this environment it is important to stick to your long-term investment plan and maximise tax free savings. Have our latest investment-related podcasts sent directly to your mobile. Subscri...
Apr 04, 2023•3 min
Peter Brooke unpacks recent market activity, with both local and global markets looking calmer this week than the turbulent period we saw last week, which was driven by concerns around a global banking crisis. Thanks for listening! Follow us on Linkedin .
Mar 28, 2023•7 min
Portfolio Manager Peter Brooke explains why he doesn’t believe that history will be repeated following the failure of Silicon Valley Bank, and that concerns over another global financial crisis are unjustified. Have our latest investment-related podcasts sent directly to your mobile. Subscribe here . Thanks for listening! Follow us on Linkedin ....
Mar 14, 2023•4 min
