🎙️ Worldwide Markets – Episode 642
📅 Recorded: Tuesday, 5 August
💼 Host: Simon Brown
🌍 Powered by Standard Bank Shyft – The global money app for travel, shopping, payments & investing.
🔮 Market Highlights
- 📈 Purple Group* rocks
🚀 Share price has more than doubled since April lows.
🧾 PE at 56, but strong growth potential and product expansion.
💼 Simon holds the stock — bought low, holding for the long term.
- 🏦 MPC shifts inflation target 🎯
🔽 New anchor at 3%, down from 4.5%.
⚠️ Finance Minister pushes back — governance concerns.
💸 Lower inflation = lower raises = better expectations management.
🧨 Flip side: high real interest rates hurt growth & jobs.
- 🚗 Vehicle sales boom
📊 July sales >51,000 units — highest since 2019!
🛻 Light commercial vehicles dominate, Mahindra sneaks into Top 10.
💰 CMH* shines with low PE and high dividend — Simon holds.
📉 Motus also cheap, but Simon prefers CMH.
- 🪙 Gold miners printing money
✨ AngloGold Ashanti*: - 🚜 Production +21%
- 💰 Free cash flow +149%
- 📉 Net debt down 92%
- 💵 80c dividend
- 💹 Targeting R1,000/share — already at R972!
✨ Gold Fields also up ~150% YoY on earnings.
- 🧾 US Bureau of Labor Statistics drama 🇺🇸
🔥 Trump fires BLS head after unfavourable jobs data.
❗ Undermines trust in data — risks U.S. credibility.
🌎 Bad precedent: Greece, Argentina, China have all suffered from politicised stats. - 🍊 Tariffs impact SA agriculture
🇺🇸 U.S. tariffs on citrus & grapes kick in Thursday.
📉 Sector exposure: ~10% — not massive but not zero.
👨🌾 Some farmers and related stocks (e.g. Mpact) will take a hit.
🧠 Random Insights
- 🪙 Crypto in Parliament?
🇿🇦 Of 490 South African parliamentarians… only 2 declared owning crypto.
🤷♂️ No surprise crypto isn’t getting policy attention.
Simon Brown
* I hold ungeared positions.
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