Beauty is generally a fairly resilient category as consumers can shop down during tough times. I spoke with Victor Mupunga of Old Mutual Wealth on the recent L’Oréal results that saw double-digit growth take it above pre-pandemic levels. Online sales are also growing, now making up almost 30% of total sales as the company dominates the global beauty industry.
Local JSE indices (Top 40, Resi 10 and Indi 25) all traded at all-time highs early this week while large global indices remain red for the year. Chantal Marx of FNB Wealth and Investments explains that the local bourse’s performance is not only due to the continued good run of mining stocks, but SA Inc stocks delivering quality results too.
With US inflation now clocking in at 7.5% for January 2022 the word ‘transitory’ has firmly been put to rest. But some sectors actually benefit from higher inflation and one of them is real estate investment trusts (Reits). I spoke with Garreth Elston of Reitway Global to understand why this happens and what the potential impact could be on profitability for Reits.
With the national budget less than two-weeks away I spoke with Gaba Tabane from Deloitte on what to expect, especially given the president announcing an extension of the pandemic relief grants in his State of the Nation address. While it’ll still be tough a mining tax windfall could take some pressure off, if used wisely.
Also this week:
Siyabulela Nomoyi of Satrix discusses the Satrix MSCI India ETF IPO.