🎙️ 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.

All charts by KoyFin | Get 10% off your order