Satrix is itemizing a China-focused exchange-traded fund (ETF) later in July and I spoke with its CEO, Helena Conradie, about it. China is the world’s second largest economic system and one of many quickest rising, however ought to we go all in on one nation? I spoke to Viv Govender from Rand Swiss on Friday and he’s optimistic concerning the China restoration from Covid-19 however does warning about geopolitical tensions with India and Hong Kong that might spill over into the economic system.
Redefine introduced within the final week that it’s promoting property value R7.7 billion. This helps cut back its debt, however as CEO Andrew Konig identified after I spoke to him on Wednesday the opposite facet of the loan-to-value (LTV) equation is the worth half and thus even asset gross sales might not resolve the covenant threat. Redefine’s year-end is August they usually’ll do new valuations then. The outcomes due in October will give us higher perception into the way it’s managing its LTV ratios.
Altron issued a Sens this week confirming that the separate itemizing, in London and domestically, of Bytes Expertise UK will go forward, though dates haven’t been confirmed. Irnest Kaplan gave us nice perception into the Bytes enterprise. It is rather nicely positioned within the UK with its software program, cloud and safety choices and this can be an important addition to the JSE for buyers.
Fb has seen a spate of enormous advertisers pull their promoting as adverts have been showing alongside hate speech on the platform. Initially the share worth was below stress, but it surely recovered, and we’ve seen this earlier than. Most just lately with Cambridge Analytica when advertisers pulled adverts however ultimately all of them returned. This time could also be totally different however any instant hit to Fb income is prone to be very modest particularly as most who pulled their adverts are solely doing so for a month.
Different podcasts for this week:
LISTEN: RMB’s Matete Thulare unpacks Naspers’s outcomes and China’s PMI. Irnest Kaplan of Kaplan Equities on Bytes UK unbundling from Altron. Labat CEO Brian van Rooyen on being a worldwide participant within the hashish business.
LISTEN: Nick Kunze of Sanlam Personal Wealth on the JSE buying and selling replace and native GDP information due on Tuesday. Rushil Jeena from Afrifocus talks about their managed tax-free portfolio construction. AlphaWealth’s Keith Mclachlan on the non-linear nature of property when constructing a portfolio.