Posts by: TreasuryONE
Unlock the Stock: Afrimat and Spear REIT
Afrimat’s track record is spectacular. Spear REIT is a highly respected property fund. On Unlock the Stock, you can learn about both companies.
RCL is far more than just a chicken business
RCL is far more than just a chicken business these days, which isn’t a bad thing.
Bidvest: strong trading profit growth in every division
Bidvest closed 3.8% higher after releasing results for the six months to December 2021.
Liberty Two Degrees: reversions continue to bite
Liberty Two Degrees holds stakes in some of the most iconic properties in the country
Alviva: 20% revenue growth excl. Tarsus
After teasing the market with a trading statement, Alviva has now released all the details of the interim results for the six months ended December 2021.
PSG Group and the Great Value Unlock
This is one of the biggest news stories on the JSE that we’ve seen in a while
JSE Limited: a cash cow in a shrinking field
You may not be aware of this, but the JSE Limited is listed on the JSE. You’re right in thinking that this sounds like the financial version of the movie Inception
Capital Appreciation on the deal train
The company has announced the acquisitions of three technology companies in South Africa and a 20% stake in a company in the Netherlands.
Woolworths won’t miss 2021
as released results for the 26 weeks to 26 December 2021. The share price rallied 6% despite a fair share of negative commentary on Twitter.
Cashbuild’s negative sales momentum continues
Cashbuild released its interim results for the six months ended 26 December 2021
Data is becoming scrambled
TreasuryONE recaps the important data releases over the past week or so, with the rand giving up all its gains after the release of FOMC minutes.
Non-farm payrolls in focus again
With a recent change in the Fed’s narrative and a focus on US data that has been largely negative, all eyes will be on non-farm payrolls this week.
Rand rallies on stronger Euro but Fed could change that
TreasuryONE summarises the global context to the Fed’s decision to hike rates by 75 basis points.
Rand holding its breath on MPC and inflation number
TreasuryONE looks ahead to the MPC and ECB decisions this week. The expectation is a 50 basis points hike locally, with the SARB caught between a rock and a hard place.
Why start with a 13-week cash flow forecast?
A 13-week cash flow forecast gives the optimal balance between short-term decisions and medium-term planning.
The US dollar is calling the shots
In an uncertain market, one thing has been stable: given time, the US dollar is the ultimate market mover.
Traders lowering expectations for more aggressive rate hikes by Fed as US economic growth starts to slow
Ironically, a slowing US economy has tempered expectations of aggressive rate hikes, which is bullish for equities and bearish for the dollar.
Some positives for the rand to hold on to
The rand staged a recovery on the back of last week’s interest rate hike, with all eyes now firmly on the Fed.
25 or 50, that is the question…
If growth wasn’t a concern, a 50bps hike would be a certainty this week. Instead, the MPC has a delicate balancing act ahead, with the market likely to place emphasis on the tone of its statement.
Market update: currencies and commodities
Chinese retail sales data gave emerging markets currencies a knock.
