Proudly sponsored by

Simon’s weekly wrap-up: Checkers’s Sixty60 app; the changing face of financial advice

Also, side-stepping emotional bias when investing.
Simon Brown. Image: Supplied

Local GDP was, as expected, a horror show. But the debate raged more about whether the -51% annualised number was a fair reflection when the quarterly number was a less horrid -16.4%. Pre-empting this debate, I had Dawie Roodt on the show ahead of the GDP release to talk about what exactly Q-on-Q seasonally adjusted annualised GDP means. He did a great job using mielies as his example to help us understand this important but complex data point.

Read: GDP data: Stats SA has ‘magnified the irregular’

GDP: As bad as expected

Shoprite* results were outstanding, and the market rewarded the share with a 20% gain in two days. But buried in those results was an even more outstanding feature – their Sixty60 app. This world-class food delivery app delivers on its promise and will, by the end of the year, enable 80% of South Africans to order their groceries via the mobile device for delivery within sixty minutes. I spoke to Neil Schreuder from Shoprite about the app, how they built it and what the future holds.

One of the biggest issues for an investor (or even a trader) is emotional bias. Even the best and most experienced managers struggle to remove the emotion and invest purely on the merits of the particular share or sector. Prescient Investment Management gets around this problem by using systematic investing which is rules-based and as such helps remove not only the emotions around investing but also the extra costs. The results are lower fees and better performance and I spoke to Bastian Teichgreeber about how they put this together.

The financial advice industry has been changing over the last two decades as passive investing and lower fees has gained traction locally and internationally to the benefit of investors. I spoke with 10X CEO Steven Nathan about this change in the industry but also more recent changes under the pandemic. I also got to ask what, in his opinion, clients are actually looking for and how the industry can serve them better.

*The writer holds shares in Shoprite.

AUTHOR PROFILE

Get full access to Moneyweb's financial insights and support quality journalism.

Only R63 per month or R630 per year. You can cancel at any time.

COMMENTS   0

You must be signed in to comment.

SIGN IN SIGN UP

LATEST CURRENCIES  

USD / ZAR
GBP / ZAR
EUR / ZAR
NEWSLETTERS WEB APP SHOP PORTFOLIO TOOL TRENDING CPD HUB

Follow us:

Search Articles:Advanced Search
Click a Company: