Description

October Inflation

• Local CPI at 2.8%, yet prime is 11.5% ahead of the MPC decision this afternoon.
• The gap is far to wide, SARB needs to cut aggressively.

South Africa | Prime vs. CPI

Gold and Bitcoin

• Gold has bounced, but is this for real?
• Bitcoin heading for US$100k

Rand weakness

• The US$ remains string and is hurting the Rand.

US$ Index

Astral results

• Good results
• Paid back R1.1billion short-term debt
• But volatile, a trading stock.

Simon Brown

* I hold ungeared positions.

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