Simon’s weekly wrap: Cautious optimism, though vigilance still needed

This week MoneywebNOW looked at the tech trend reversal, a cautiously optimistic PGMs outlook, decent growth in residential property, whether sovereign bonds offer value, and how the local wine industry is faring.
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Markets remain volatile and concerned around inflation being at decade highs, rising rates and the US Federal Reserve ending asset purchases. But there’s more to it than just these fears. I spoke with Anchor Capital’s Seleho Tsatsi about some of the pandemic tech trends that have, or are, reversing. Even online retail shopping retreated a bit in late 2021 and tech investors need to keep an eye on these trends.

Platinum group metals (PGMs) have had a great start to 2022 but the miners are lagging. I spoke with Bruce Williamson of Integral Asset Management about current PGM prices; he points out that the current basket price is only some 10% below the prices achieved in the first half of 2021, a record period. He is also cautiously optimistic about the 2022 outlook, albeit vehicle manufacturing remains the unknown at this point.

The residential property market had decent growth during the pandemic after the initial hard lockdown of 2020. I spoke with Hayley Ivins Downes from Lightstone Property on some of the 2021 trends. The data shows that growth in ‘zoom towns’ (smaller towns where people work remotely) was evident, while generally price increases were positive for the sector.

South African sovereign bonds have long traded at levels above their peers, and I spoke with Daniel King of Counterpoint Asset Management asking if they offer value. He is confident that they do, but he is equally aware of the risks involved and is always keeping a keen eye on them.

Also this week:

Rico Basson, executive director of VinPro, discusses challenges facing the local wine industry, better-than-expected wine export figures and what’s needed for recovery.

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