Buy SA Inc (#544)

Simon Shares

• SEC sues Binance and CEO for U.S. securities violations.
• SEC Charges Coinbase for Operating as an Unregistered Securities Exchange, Broker, and Clearing Agency.
• First quarter GDP was 0.4% and we avoid a technical recession.
• Pepkor (JSE code: PPH) price slide.
• Tigerbrands (JSE code: TBS) horror results.
• Oceana (JSE code: OCE) results knock it out the park.

Sun City visit. Excellent resort, but very quiet which many commentators suggest is because it's a random weekend in June?

I sent this past weekend at Sun City, vacation club. Some thoughts.

The resort is world class, well maintained with a ton to do for kids and adults.

1/n pic.twitter.com/29yaV2GP8b

— Simon Brown (@SimonPB) June 5, 2023

Buying SA Inc.

Not yet but building a watch list with the plan being to buy 10-15 stocks over the months ahead.

Why?

• Inflation comes down
• Rates decrease
• Load shedding ends (Renewable Energy Grid Survey points to 66 GW development pipeline in South Africa).
• Government finds a way out of the ICC Putin arrest warrant mess.
• Rand improves (already 100c better than the R20/US$ of last week)
• I hold ungeared positions.

Simon Brown