Last week Richemont (CFR:JSE) announced its joint venture with Alibaba. An opportunity for mass distribution like this could see Richemont’s sales soar over the coming years. Especially into China where Alibaba has a strong presence and China is expected to account for nearly 50% of the luxury good market...
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When the market opens today it will officially be in a bear market as the JSE extends the recent sell-off on overnight weakness offshore. Most of this sell-off has been driven by global politics and rising interest rates in the US, with other developed markets to follow suit. ...
The week ahead: Local Data: Medium Term Budget, CPI (24/10); PPI (25/10) Results Due: CGR, CMH, PIK, PSG (16/10); ACS, DCP (17/10); DTC, SPA, SEA (18/10); PSV (19/10) LDT (16/10): CPI, CGN, ELR, GTR, ILRP2, ITU, JSC, RCL, RMI, RLF, SFN, TLM, TEX, WBO, Various Satrix ETFS Special Dividend:...
Volatility provides buying opportunities, as investors panic sell and then buy after the inch higher. Investors were complacent leading up to last week due to low amounts of volatility experienced the past two months. The sell-off caught almost everyone by surprise. But these are a normal function of the...
We bought into Dischem back in May at R30.50 and added to it in July at R28.00 banking us 12.5% when we closed it at our trailed stop loss. It has again fallen below R30.00 and support should build at R28.00 with any sell-offs below that level being...
While October was the month we had Black Tuesday in 1929, Black Monday in1987 and a big sell off in October 2008 post Lehman’s collapse, it generally ends the month up. Over the past 100 years the Dow and S&P have ended positive 62% of the time with...