A tasty week for Tesla

Tesla will be admitted to the S&P500 and will immediately jump into a top ten spot on the index based on a market capitalisation that appears to be marching towards $500bn. The Index Committee was suspicious back in September when Tesla achieved profitability over four consecutive quarters, electing not to include Tesla in the index despite the criteria being met. …

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A tasty week for Tesla

Tesla will be admitted to the S&P500 and will immediately jump into a top ten spot on the index based on a market capitalisation that appears to be marching towards $500bn. The Index Committee was suspicious back in September when Tesla achieved profitability over four consecutive quarters, electing not to include Tesla in the index despite the criteria being met. …

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The paradox of oligopolies

Capitalism. It’s a double-edged sword. On one hand, people are rewarded for being innovative and hard-working, finding new solutions and improving our productivity, health and wealth as a species. On the other hand, greed and destructive competition often come into play, potentially enriching only a handful of people at the expense of others. This is why regulation is important. As …

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Playing chicken with shareholders

Shareholder activists are interesting people. They use small stakes in companies to try and leverage meaningful changes, through the provisions of the Companies Act and sometimes the JSE Listings Requirements. Common focus areas include: ESG metrics (like the environmental pressure put on Sasol recently) Questions over management performance (like Rainbow Chicken) Disposals of assets at low prices (like Zeder’s disposal …

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Magic Markets Ep1: Rollin’ with the Rand

Mohammed Nalla is one of the most highly respected macroeconomic market analysts to emerge from South Africa. He’s launched Moe-Knows, a macroeconomics knowledge platform. Now living in Canada, he layers a global perspective on top of his emerging markets expertise. Together, The Finance Ghost and Moe-Knows have multiple years of experience across practically every asset class. In Magic Markets, we …

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What’s the Growth-point of property REITs?

The property sector on the JSE was once a hive of activity. A few years back, investment bankers literally rode the property wave all the way to their favourite sportscar dealership, raising money in the market on practically a daily basis and earning delectable fees along the way. The property sector was literally dripping with honey, as pension funds and …

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What’s the Growth-point of property REITs?

The property sector on the JSE was once a hive of activity. A few years back, investment bankers literally rode the property wave all the way to their favourite sportscar dealership, raising money in the market on practically a daily basis and earning delectable fees along the way. The property sector was literally dripping with honey, as pension funds and …

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