Greylisting, what is it and what if it happens to SA? (#509) episode artwork

EPISODE · Aug 31, 2022 · 18 MIN

Greylisting, what is it and what if it happens to SA? (#509)

from WorldWide Markets with Simon Brown · host www.JustOneLap.com

Simon Shares Save R500k with a deposit. ETF closing prices are an absolute mess. Cashbuild (JSE code: CSB) results see them coming back to earth after a pandemic boost. Education stocks all published results. ADvTECH* (JSE code: ADH) is my pick, but all showing student growth and cash generation. Shoprite* (JSE code: SHP) gets permission to turn their money market account into a bank account. Grindrod (JSE code: GND) currently runs the service for Shoprite and African Bank is buying Grindrod Bank. Walmart (NYSE code: WMT) is set to make an offer to the Massmart (JSE code: MSM) minorities for the remaining 47% at 6800c. Netflix (Nasdaq code: NFLX) plans to price its ad-supported plan at $7-to-$9 per month with about 4 minutes of adverts per hour. Purple Group* (JSE code: PPE) back at 203c, always be very careful of casing a news story (the Asia deal announced last week with very few details). Tsogo Sun Hotels (JSE code: TGO) changes its name on 7 September. They will become Southern Sun Limited (JSE code: SSU). UK inflation, Goldman Sachs now saying 22% is possible next year. Sun International* (JSE code: SUI) strong results. Consumers under pressure shouldn't hurt too much as they mostly target higher LSMs and they paid the first dividend (88c) since 2016. Currently, ±3200c is resistance. Greylisting Financial Action Task Force (FATF) Cracking down on money laundering and funding terrorism. Greylisting can reduce a country's capital flows by as much as 7.6%, according to an IMF working paper. Cabinet has approved a raft of new amendment bills but leaving it late, very late. Our deadline is September/October after being put on the watch list last year. The important questions; Will we get greylisted? What happens if we do? If greylisted, how do we get off the list? * I hold ungeared positions.

Simon Shares Save R500k with a deposit. ETF closing prices are an absolute mess. Cashbuild (JSE code: CSB) results see them coming back to earth after a pandemic boost. Education stocks all published results. ADvTECH* (JSE code: ADH) is my pick, but all showing student growth and cash generation. Shoprite* (JSE code: SHP) gets permission to turn their money market account into a bank account. Grindrod (JSE code: GND) currently runs the service for Shoprite and African Bank is buying Grindrod Bank. Walmart (NYSE code: WMT) is set to make an offer to the Massmart (JSE code: MSM) minorities for the remaining 47% at 6800c. Netflix (Nasdaq code: NFLX) plans to price its ad-supported plan at $7-to-$9 per month with about 4 minutes of adverts per hour. Purple Group* (JSE code: PPE) back at 203c, always be very careful of casing a news story (the Asia deal announced last week with very few details). Tsogo Sun Hotels (JSE code: TGO) changes its name on 7 September. They will become Southern Sun Limited (JSE code: SSU). UK inflation, Goldman Sachs now saying 22% is possible next year. Sun International* (JSE code: SUI) strong results. Consumers under pressure shouldn't hurt too much as they mostly target higher LSMs and they paid the first dividend (88c) since 2016. Currently, ±3200c is resistance. Greylisting Financial Action Task Force (FATF) Cracking down on money laundering and funding terrorism. Greylisting can reduce a country's capital flows by as much as 7.6%, according to an IMF working paper. Cabinet has approved a raft of new amendment bills but leaving it late, very late. Our deadline is September/October after being put on the watch list last year. The important questions; Will we get greylisted? What happens if we do? If greylisted, how do we get off the list? * I hold ungeared positions.

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Greylisting, what is it and what if it happens to SA? (#509)

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This episode is 18 minutes long.

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This episode was published on August 31, 2022.

What is this episode about?

Simon Shares Save R500k with a deposit. ETF closing prices are an absolute mess. Cashbuild (JSE code: CSB) results see them coming back to earth after a pandemic boost. Education stocks all published results. ADvTECH* (JSE code: ADH) is my pick,...

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