Can South Africa do +3% GDP next year? (#595)

SA GDP Growth Prospects IMF's projection: 0.9% GDP for South Africa this year. Potential factors for growth next year: Reduced load shedding could add 1% to GDP. Two-pot system introduction, expected to inject around 40 billion rand into the economy. Potential rate cuts: half a percent by the end of the year, possibly 1% by mid-next year. Inflation targeting at 4.5%. Optimistic outlook with a 60-70% probability of achieving 3% GDP in 2025. South Africa GDP Delistings and Market Movements Bell and Sasfin delisting announcements. Other potential delisting candidates in the small-cap space. Importance of constructing a portfolio that can benefit from economic growth and potential takeouts. Bell weekly chart Pick n Pay Rights Issue Explanation of the rights issue and its implications. Instructions for shareholders on handling nil paid letters. Simon's perspective on waiting for dust to settle before considering Pick n Pay shares. Today is the last day to trade before Pick n Pay rights issue kicks in. ° If you hold at close tonight you will receive 51.11 rights per 100 PIK shares, code will be PIKN ° You can sell then in market ° Or pay 1596c per each to get a new PIK share ° HAVE to do so by 30 July — Simon Brown (@SimonPB) July 16, 2024   Property Stocks and Income ETFs Analysis of South African property stocks and their recent performance. Attractive yields in local and international income ETFs. Recommendation to explore defensive income stocks and ETFs for potential investments. Find local ETFs here. Interest Rate Outlook MPC and FOMC meetings' impact on interest rates. Simon's forecast on rate cuts in South Africa and the US. Simon Brown * I hold ungeared positions.