Gold has been running higher while the rand has been strengthening and I spoke with Petri Redelinghuys from Herenya Capital Advisors on this trend and how likely it is to continue. He uses the US Dollar Index and says there is no end in sight for this trend, with all commodities still in very bullish mode.
Raubex results saw a very strong second half after reporting a loss in the first half of the 2021 financial year. I spoke with CEO Rudolf Fourie on their reduced rest of Africa exposure as well as the skills and capacity remaining in the local industry.
Ascendis has finally concluded a deal to remove its crippling debt but it had to give up its crown jewels in order to do the deal. I spoke with small caps analyst, Anthony Clark on the state of the balance sheet after this deal. We also discuss what’s left in the company for existing and new investors.
One huge risk to investors is the tension between simplicity and complexity when valuing a company. I put this challenge to Keith McLachlan, investment officer at Integral Asset Management, asking how he manages it. His answer: use first principles as a starting point. Getting a broad high-level overview of what drives profits before digging deeper into the data.
Also this week: Contactless payments shaping the future of banking. Since lockdown 59% of people prefer to engage in contactless money transactions.