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Simon’s weekly wrap: Offshore investment, property and online brokering insights

This week MoneywebNOW looked at moving money offshore, Hyprop’s annual results, the commercial property outlook, the evolution of online brokering, what the UK’s new lockdown means, Nike’s results and more.
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As South Africans we have a love-hate relationship with our rand, taking it personally when it weakens and feeling patriotic as it strengthens. But as an investor looking to move rands offshore, we need to park the emotions and focus on the actual data. Dean de Nysschen of Glacier by Sanlam shared hard data which helps us understand what to focus on and when to move money offshore.

Hyprop saw its property portfolio valuations drop some R4 billion in its annual results to end June, which is about its total market cap. The company managed to stay within its debt covenants albeit having cut distributions. Foot traffic to its malls is returning, but it’s finding that while customers visit its malls less frequently, they stay longer and spend more. Overall recent property results have mostly not been as bad as I expected, but it remains a very long road back for this sector; Anchor Capital’s Deryck Janse van Rensburg continues to exercise deep caution here.

Brett Duncan has been at the coal face of the stockbroker industry for some two decades and I spoke to him about Standard Online Share Trading winning its 6th Top Stockbroker award. We discussed how online brokers have advanced to the point that really makes it possible for us to trade and invest on par with the professionals, and from anywhere in the world. This has made managing during the pandemic somewhat easier for the industry, something that would have been impossible 20 years ago, as online brokering was starting.

Mia Kruger helped us understand what the new lockdown in the UK really means. It’s not actually as strict as I thought I was and perhaps the bigger issue is that six months after the first harder lockdowns, we are actually better placed to manage – meaning the economic impact may not be as bad as feared. She also gave insights into the excellent Nike results published overnight on Tuesday. The stock is now up some 25 000% since 1990.

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