The Money Shot

The Consistent Amazon Story

Last week, Shoprite Holdings announced that CEO Pieter Engelbrecht had taken a leveraged bet on the company’s share price - Anthea explains to the team exactly what that means for Pick n Pay consumer spending and retail sales. We also discuss America’s GDP figures and the what the addition of…

6 May 2019 11 min

The 411 on the 996

Joining via Skype from Cape Town, Anthea gives a breakdown of some of the people who have been in the financial news recently. First up, she discusses Maria Ramos heading up the Eskom unbundling project, then how Elon Musk is at it again causing trouble on his phone. She ends…

23 Apr 2019 11 min

Who Wears the Pants at Levi Strauss?

IMF has downgraded global growth, while South African business confidence slumped to the lowest level in seven months in March, but the stock market pushed higher. Anthea touches on this, as well as an update on Naspers. In company news, she discusses Pick n Pay, Sibanye Stillwater, MultiChoice, EOH and…

15 Apr 2019 16 min

Moody's Changing Their Mood?

Anthea reflects on a conference call she had with Moody’s, and shares insight into why they left SA’s credit rating unchanged. She also talks about new Vehicle Sales, the firming of the Rand and Aspen jumping for two consecutive days. She concludes with her take on Nampak being higher after…

8 Apr 2019 11 min

Making Sense of Brexit

It seems like the chaos around Brexit is neverending... to try to make sense of it all, Anthea gives her take on the latest news surrounding it. She also updates the team on the Monetary Policy Committee unanimously deciding to leave rates unchanged after Producer Price Inflation showed a modest…

1 Apr 2019 15 min

Disruption in the Banking Industry

Henry Biddlecombe stands in for Anthea while she is away this week. He kicks things off by discussing Tencent results and moves to examining how the banking industry in South Africa will potentially be disrupted by digital players, and how to invest in this theme. And as the nation continues…

25 Mar 2019 10 min

Brexit Takes Centre Stage

Another day, another Brexit headline! It seems like that's the case as Anthea leads a conversation around breaking down the current situation in the UK. She also touches on mining and manufacturing data that's just been released, construction company, Group Five, filing for bankruptcy and Exxaro Resource reporting outstanding results…

18 Mar 2019 13 min

SARB deputy governor taking over as Absa CEO?

SA GDP growth came in at 1.4% for the 4th quarter of 2018. What does Anthea think about this? Listen in this week as she doesn't mince her words, and gives her take on the whispers that South African Reserve Bank deputy governor Daniel Mminele is being eyed as a…

11 Mar 2019 14 min

Multichoice lists with a bang

It was an eventful week but fear not as Anthea's got the financial news covered. She reports on the SA Trade Balance and Budget Balances swinging into deficit, the Producer Price inflation number at 4.1% and how Elon Musk is upsetting the US Financial Markets regulatory board (yet again). She…

4 Mar 2019 13 min

Take Advantage of Tax-Free Savings!

How will the budget and downgrade affect our investment portfolios and what people should be looking to do, following the Budget Speech? Anthea answers this as she also advises to take advantage of the Tax-Free Savings Accounts. She also explains how the launch of the Discovery bank is impacting profits,…

24 Feb 2019 14 min

A Big Financial Week Ahead

A big financial week lies ahead for South Africa as the nation braces itself for the Budget Speech. Comair has entered into a full and final settlement agreement with SAA over an anti-competition case. What does this mean? Anthea breaks it down, as well as touching on EOH falling a…

17 Feb 2019 10 min

Ramos resigns & the #Invest-Star winner

The drought is over and long forgotten, but after the Agri Business reports recently it looks like we’re not quite out of the woods. Anthea brings the latest on that, as well as discussing Absa CEO Maria Ramos's resignation. She also breaks down SHP's trading statement, LVMH's report and Eskom…

3 Feb 2019 15 min

Not a bad week on the JSE

CPI Inflation came in at the middle of the SARB target, 4.5%, this is not a bad week on the JSE - considering more retailers put out terrible trading updates, and even the Rand strengthened a bit. Anthea highlights Massmart's trading update, Shoprite's numbers, and the Vodacom report which has…

27 Jan 2019 18 min

How Elections Affect The Markets

How does the build-up to elections reflect on the market? Anthea kicks off this week's update with a breakdown of that before tackling all of the discussions happening around the South African Reserve Bank. The other issue that raised its ugly head at the ANC conference was President Ramaphosa saying…

20 Jan 2019 14 min

Eskom in the home loan business?

We had a decent week, Rand and JSE stronger as US/Sino relations settle; and the focus was predominantly on Theresa May, who managed to survive a vote of no confidence. Who would have thought Eskom was in the home loan business… but it was revealed last week that they are…

17 Dec 2018 17 min

The Power of Trump's Tweets

Anthea called it on Naspers last week - the share closed 4.5% higher on Monday. In fact, the overall market was 2% higher because of the President Trump – President Xi Jingping agreement. However, it all turned pear-shaped when Trump started tweeting again on Tuesday. Then it really turned bad…

9 Dec 2018 13 min

Petrol Price Relief

The Business Confidence Index came in at the lowest level since the 2nd Quarter of 2017 when Zuma fired Gordhan and we were downgraded to junk status. Consumer confidence was no better. Anthea discusses this, as well as gives a look at company results, a petrol price update and lastly…

2 Dec 2018 15 min

What are "Peak Earnings"?

Henry Biddlecombe stands in for Anthea Gardner this morning as he takes a look at US Earnings season review for Q318, questions why the market is not responding well to what seems to be very positive earnings growth, as well as explaining what peak earnings are all about. Henry wraps…

25 Nov 2018 8 min

Surprise Repo Rate Hike

The SA Reserve Bank surprised us by raising interest rates by 0.25%, the first hike since early 2016 - bringing the repo rate to 6.75% and the prime lending rate to 10.25%. SARB argued that it was a risk mitigation strategy, clearly trying to avoid stagflation (which is high inflation,…

22 Nov 2018 7 min

Discovery Bank launches & some good news on Torre

Anthea kicks off this week's business and financial segment of The Money Shot by responding to a listener's email. Not a great start to the week on company news, Vodacom (-8%), BTI (-11%), Rebosis (-21%) and Tsogo Sun (-3%). On the bright side, Discovery Bank launches, while Tencent reports results,…

18 Nov 2018 22 min