Simon’s weekly wrap: ETFs, agriculture and stock talk

This week MoneywebNOW looked at the JSE wanting to add active ETFs, local agriculture, managing tech stocks, PnP vs Shoprite, stock picks and more.

Since their introduction in late 2000, JSE-listed exchange-traded funds (ETFs) have only been passive instruments. But the exchange is looking to change that: it has asked for public comment running until early May on active ETFs, and we may see them trading by mid-year. I spoke with the JSE’s Valdene Reddy about this.

Agriculture locally has had a few good years with high prices and record crop yields. But input prices are putting pressure on the sector. I spoke with Anthony Clark of Small Talk Daily, who points out that farmers are still doing well, as are suppliers into the industry, while food producers are struggling.

Globally tech stocks have had a tough six months and I spoke with Craig Antonie from AnBro Capital about managing the drawdowns. We also touched on some great valuations in the space as stocks, such as Zoom, have increased paying clients 30x yet the share price is at pre-pandemic levels.

Pick n Pay posted a decent trading update, but Gary Booysen of Rand Swiss still thinks Shoprite* offers a better investment. Shoprite has run hard but is only slightly more expensive on various valuations than Pick n Pay and is a much better retail operator.

 

Also this week:

Carmen Mpelwane of  Absa Asset Management on leisure stocks, Reits, logistics, MTN and Thungela.


The writer holds shares in Shoprite

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