The Finance Ghost
@FinanceGhost
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Ghost Mail | @magicmarketspod | Unlock the Stock | @bizval_co | Financial Mail / Investors Monthly | Daily Maverick | Moneyweb | Tweets and retweets NOT advice
Cape Town, South Africa
Joined March 2020
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I must congratulate you
@DStv
- not only did you rebrand the worst app in history, but you managed to make it worse than before which I would've thought was impossible.
Your streaming app is literally the worst product I've ever used in my life.
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Surely UFC must go to Pretoria now?
There are many potential venues that are steeped in heritage for fighting, like the Loftus carpark.
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Please, for the love of all things, stop buying new cars.
Just stop.
You don't ever need a brand new car. You think you do, but you don't.
This one is for Finance Twitter
Our brother took a terrible deal in 2022…
• Interest rate : 19,27%
• Residual: R104 965
• Credit provider: Absa
How can he get out of this situation?🤔
*(He’s willing to let go of the car)
Thanks
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If MTN ever pulls out of this deal, it will be the first time anyone has successfully cancelled something with Telkom.
Historic.
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If you have the means, make a point of getting take-aways from local restaurants a few times over the next couple of weeks.
Restaurants need us more than Woolworths does.
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@APompliano
The one that wants to be babysat and watched over rather than trusted to get it done? The one who tells you exactly what you want to hear when it counts in an interview?
Good luck.
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The South African middle class:
Salary increase: 5%
Woolworths Fashion Beauty Home inflation: 11.4%
Woolworths Food inflation: 9.1%
Clicks inflation: 7.5%
Spot the problem yet?
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I think Novak Djokovic is the only person who has had a more kak experience in Australia than Woolworths.
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Fun facts from BMW Financial Services:
- Weighted avg balloon payment 23.16%
- Used vehicles 47.22% of portfolio
- Weighted avg margin prime + 0.74%
- Gauteng 57.51%, KZN 16.96%, Western Cape 10.68% of total
A reminder that almost everyone in a flashy car can't afford it.
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@virginactiveSA
@X
Genuinely the stupidest post I've ever seen from a company on this platform and goodness knows that's saying a lot.
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Hi
@Uber_RSA
- your business is going to die.
A friend of mine from Joburg couldn't get from the city bowl to Blouberg on Friday night as no driver would accept the trip.
Your drivers don't earn enough and soon you'll also earn nothing.
Fix it while you can.
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Today was as close to rock bottom as I ever hope to be, including 30 mins in my car outside a Nandos in tears. Not even ashamed to say it. Divorce with a toddler is horrific for dads.
I'm glad my therapist takes Friday night appointments. I needed her tonight.
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I genuinely cannot wait for Amazon to destroy
@TAKEALOT
Every item in my cart is in stock in CPT or JHB. Earliest collection date? 28 December. Today is 19 December.
You deserve to fail. Truly you do. All that money from Naspers and this is still your level.
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The US is sending rockets into space and here we are, celebrating a working slow train.
This is why you can make money in SA. The bar is set so low you can tiptoe over it.
[JHB-CPT] An exhilarating and goosebump moment when Shosholoza Meyl departed from Park Station yesterday for the first time since 2021! You can almost taste the excitement!!!
@ServicesMain
#KeDezember
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You want to know the real hangover of the pandemic?
Curro is owed R74 million in school fees from parents of kids who are no longer at the schools.
Many of those families were destroyed by lockdowns, something they couldn't control.
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I've owned more than 15 cars in my life already.
I can assure you, maintenance on a used car never comes close to depreciation on a new car.
Understanding your total cost of ownership (depreciation + finance charges + maintenance + insurance) is critical.
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I love this country. Honestly. I can't imagine living anywhere else.
When you think we are here for a refund…, BOOM, your lights are off.
#SARS
owes us 838 k
#TshwaneYaTima
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@MichaelJordaan
@elonmusk
@Tesla
@Starlink
Porsche can barely give their electric cars away. There's no market for Teslas here.
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Found out today that the financial management lecturers at University of Pretoria will be sharing Ghost Mail with the students with a strong recommendation to read it.
Wits has been using my stuff in exams for a couple of years now.
These things make me very happy!
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Today at 2:15pm, there were three people in my house. None of them were welcome.
I normally arrive home on a Friday at 2:15pm with my boy. Today, I changed plans at the last minute because of the taxi strike and took him to my folks.
One of the things they put in the bag to
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By all accounts, it looks like the Eastern Cape is working hard to remain a hotbed for
@carteblanchetv
content creation opportunities.
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Sandton direct to OR Tambo on the Gautrain is R206.
Sandton to Rhodesfield is R50. Uber is another R50 plus tip.
You need about 15 minutes spare to do it.
They are pricing the airport convenience at quite the premium!
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I'm on a very cool WhatsApp group of such interesting people, including many professionals and entrepreneurs.
The question was asked about the best bank to be with.
Unanimous:
@Investec
In terms of real world promoter score, Investec Private Bank is peerless. I love it too.
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The Brackenfell Bruisers look unstoppable (JSE: SHP)
Shoprite is going for the kill
It's not often that I read something on SENS and genuinely have to sit back in my chair to let it sink in. The Shoprite results are, quite frankly, ridiculous. The Supermarkets RSA business grew
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It blows my mind that a brilliant entrepreneur can work and innovate for two decades to sell a company for R30m - R50m, yet a corporate caretaker can receive that in share options in a single year.
Something is very wrong with corporate remuneration.
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@SStricklandMMA
Amazingly, that very lost looking comma in the first sentence isn't even the dumbest part of this post.
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People won't listen to finance professionals on rent vs buy.
Instead, they will listen to DJs, inexperienced "influencers" and their parents (that part being understandable) who grew up in a different time in the world.
Will this change? Probably not.
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Ok. Stop everything and read this.
This is an actual paragraph in the Argent Industrial results.
Wow!!
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Practically not a single message showing support for SANTACO in the comments.
Seeing plenty of admiration being aimed at
@geordinhl
The fight for what little rule of law remains in SA is taking place in Cape Town right now.
SANTACO National, SANTACO WC and the affected 8 Taxi Associations hereby call for calm amidst impasse.
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Today, I just want to acknowledge
@GTalevi
- passionate, incredibly hard working and brave enough to speak her mind consistently about the stuff that people are too scared to talk about.
Also, a constant source of encouragement for my writing.
Happy Women's Day, Giulietta!
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If you're losing sleep over that 0.02412 * R90 exposure in your share trading account, WAIT until you find out that banks don't have all the money you deposited with them.
Have a good evening, FinTwit.
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Not sure how your Monday is going, but today is my last Monday in big corporate.
Ever. Like, ever.
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Money may not buy you happiness, but it can buy you solar and that's kinda the same thing.
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For the record, I had great hope for RISE. They've systematically hung themselves for me with their approach. There's no hymn sheet whatsoever; it's like a neighbourhood WhatsApp group that became a party.
This is just ordering the ANC on Wish:
#AxolileNotywala
: JP Smith, Alan Winde, Geordin Hill-Lewis, and John Steenhuisen are all white men who make decisions for all of you. They decided to take money from education and use it for a safety plan that is failing,”
RISE Mzansi Western Cape Premier Candidate addressing
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I'm no fan of Musk, but here's two things you should know:
1. He doesn't care about SA and identifies as American - stop posting about how he should help SA
2. The people most upset about this move are cancel culture enthusiasts, so that's a sign of a step forward for the world
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In other news, the
@WitsUniversity
School of Accountancy has prescribed Ghost Mail for Management Accounting and Finance students.
Because it's free, students can read it. Because of your voluntary contributions on SnapScan every week, it can stay free.
Proud moment 🚀
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Instead of a fine, why not force SAP to do a SAP implementation on themselves?
That's much worse.
SAP to pay R4bn fine, admits to bribing SA officials to win govt business
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TFG says a "cloth" warehouse was damaged in the floods, but that the damages aren't material.
Rare to see a dad joke on SENS, but I'll take it.
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The more I read about the US, the more I love living in South Africa.
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6 months today since my baby boy woke up in the same house as me.
This process will take you to places darker than anything Eskom can achieve, especially for dads.
Shout out to all the single parents going through this, especially the dads who care just as much as the moms.
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Friendly reminder:
Politicians will get their salaries regardless of The Markets.
You won't.
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Nothing brings South Africans together like a shared love of watching opponents get moered.
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Netcare is spending R10m a month on diesel, which implies R120m a year.
The capex this year for the mental health division is R111m.
This is a perfect example of how economic growth and the betterment of South Africans is literally going to diesel instead.
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South Africans:
"How dare you not support Takealot over Amazon in future?"
Also South Africans:
"I just love Shein!"
"Netflix is soooo much better than DStv, and cheaper!"
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I'm not saying that I'm getting on top of my life again after 3.5 years of utter chaos...
But I am saying that I just remembered to take my own shopping bags to Spar, and that's what peak performance over 35 looks like.
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Um...
@IvynSambo
you may want to sit down for this one mate.
Someone just sent me a DM...that person deposited R5k.
R5k!!!!
Plus everything else raised. This means laptop sorted and perhaps you can buy that camera!
Ghosties, you are flipping legends!
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Sho.
Courier Guy hitting me with a serious confidence boost this morning.
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Public service announcement:
He's right. Except the LAST share (the fractional piece) is the only one you don't own.
Your "risk" is a portion of one share. If the share price is R20, that's the value at risk. Nothing more.
Helluva coincidence that he's launching a competitor.
⚠️ you don’t own all the stocks you buy on Easyequities!! [thread] ⚠️
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This isn't just a toasted sandwich.
That little hand top right belongs to a certain Toddler Ghost, who is finally spending proper time at daddy's house after 6 months of therapy to make sure he's ok.
This is the best damn toasted sandwich I've ever made.
Ever.
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Cashbuild closed three looted stores in the latest quarter.
Gone, forever, along with those jobs.
Bravo, South Africa.
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Good morning from the only thing in Joburg that truly operates to world class standards:
@TheGautrain
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I really miss the days when people used to talk about stocks on this platform.
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One thing about South Africa...
When we decide to beat your country, we will beat you twice.
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Woolworths Food only increased prices by 2.6% despite having underlying product inflation of 3.8%.
The business is running out of pricing power. Checkers is winning this fight.
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Just spoke to two Dutch tourists in Knysna in the guesthouse bar. Their next stop is the Kruger.
Imagine seeing the bush for the first time as an adult...the sheer wonder of it all.
Our country is magnificent. We are so lucky to live here ❤️
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This is basically how the Naspers - Prosus structure used to work.
Identical twin sisters marry identical twin brothers.
Meet their children. Apart from sharing a strong resemblance, they are legally cousins, but genetically they are brothers.
[📷 salyerstwins]
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Everybody wants to ditch corporate and pursue the entrepreneurial dream...
As you put your out of office on this December, just realise that "out of office" doesn't exist in your own business for at least 5 years and possibly more.
Go in with your eyes wide open.
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One of the toughest days of my life, capping off the hardest thing I've ever been through.
But, it's done. I must now rebuild from a level I haven't been at in many years.
To any men with kids going through divorce, my DMs are always open. I know just how insanely hard it is.
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We have load shedding.
The US has bank issues.
War in Ukraine.
The smell varies, but there's kak everywhere.
Build what you can, where you can. That's all that any of us can really do.
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To the entrepreneurs who have made it to the end of April, possibly on fire but still going, I salute you.
This is not an easy country for building a business. If you can build here, you can build anything.
Respect.
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50 basis points!!
Wow. It's a good day to be a tenant.
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It's easy to forget just how lucky I am to live and work in this gorgeous city.
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In 2024, I would like to release a book. Something to help South African entrepreneurs and investors in particular.
Would you read it?
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Just hit the send button on Ghost Mail and allowed myself a moment to realise what it has become.
Multiple brand partners, a mix of local and international stuff and articles/podcasts that ensure something for everyone.
40,000 daily opens.
Thanks for joining this adventure!
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Why I bank with
@Investec
:
- Email from the banking team re: notice on my SmartNotice account that affects the rate
- I reply at this hour with questions
- They reply at 10pm, explain it all perfectly and update my notice
They take every single pain out of banking.
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Hey, the 25k followers milestone has been reached!
Thanks, Ghosties!
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Some people were touched by my car posts hey!
Look, if you really want to drive the latest 320i with M-Sport wheels for the rest of time by constantly rolling your debt, then be my guest.
You should just be aware that patience gets you the Porsche.
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And back to 7.5 hours of load shedding we go today.
Here's what happens:
- Grid collapse headlines
- Rand worsens
- Retail stocks sell off
-
@MagnusHeystek
starts Tweeting (sorry Oom)
In 3...2...1...
Sigh.
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I just went to place in Cape Town that wanted to charge me R70 for a sausage roll.
A sausage roll.
Is the mince crushed with Nvidia extract?
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Hence my ongoing philosophy- do your best to make good money in SA, and invest it in hard currency to diversify.
Avoid bombing millions into a big house.
If things really break, you can pretty much pack up and go by buying residency elsewhere.
In the meantime, enjoy SA!
Looking for residency abroad?
You can do it with passive income
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One day, someone will need to explain to me how Ramaphosa cleansed his legacy by simply accepting defeat in a democratic election.
People haven't fawned over him like this since he went for a walk in Sea Point.
Just how low are our standards and expectations?!?
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Redefine is investing R170m in solar projects, saving annual electricity costs of R36.5 (a yield of 21.5%).
Thanks to government lifting the 1 megawatt restriction, probably the best investment opportunity currently available to SA REITs is to invest in renewables.
Smart ESG!
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I know everyone is on the beach and in game reserves, but I just signed my first set of annual financial statements for The Finance Ghost and I promise it felt just as good as a holiday.
Entrepreneurship is a special journey. If you haven't done it, you won't fully get it.
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People are worrying far too much about the wrong prime.
The banks have the prime that you should be focusing on, especially after you've spent all your money on a drink.
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It's lekker owning your own business.
I genuinely don't remember when last I went to bed on the same calendar day on which I woke up. I started at 6am this morning.
People only ever see the success. They don't see the pain on the way.
It's HARD. Kudos to all the hustlers!
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After two years of terrible self-care, my three health interventions:
1. Strict bedtime 23:30 (not easy with work)
2. Min 2km daily walk in my complex
3. Every time I want coffee, I have to drink a glass of water first
A week into this strategy and already feeling better!
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The Gautrain is the best example in SA of how important proper infrastructure is, particularly transport.
It is genuinely world class.
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The board here at Finance Ghost HQ has appointed a new chairman.
Divorce is very much about loss and people / things you love leaving your home.
This is the first positive addition to my home in months. And of course, he has a racing inspired name!
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If you want to be invested in tech and you agree with me that focusing on the cash generative companies in the sector is the smartest strategy, then you may want to check out this ETF as part of your research:
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Distell estimates that the fiscus lost out on R11.3bn in tax revenues from alcohol bans.
In just six months, Anglo American Platinum has paid R16.6bn in taxes and royalties to the fiscus.
The mining industry is keeping South Africa afloat. Literally.
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S&P has revised Telkom's outlook from stable to positive, thereby confirming that nobody from S&P has ever tried to cancel a Telkom contract.
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Ok Ghosties, something cool...
Woolworths has invited me to a personal Q&A with the CEO on Wednesday after results come out. It's the first time I've received an invite like this before from any listed company!
What would you like me to ask him on behalf of retail investors?
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If Vodacom really wants to hurt Kenneth Nkosana Makate on the Please Call Me case, they should pay him in shares and insist that he holds them for 5 years.
"That will teach him!"
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Doesn't matter how long you've been at it for, entrepreneurship is really tough.
Shout out to all the business owners out there who survived the worst of the interest rate cycle.
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Very hard to celebrate that.
If we show up with that rubbish next week, the All Blacks will put 40 on against us.
Much reflection needed. For now, we live to fight again.
A wet ball does us no favours!
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Someone out there is having the Christmas that I had last year.
Don't give up. No matter how bad it seems, it will probably get better quicker than you think it will.
And the other side is completely worth it.
Have a wonderful Christmas with the people you love.
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Dinner for one at
@NandosSA
Tableview. Only a couple of tables. The entire kitchen staff randomly broke out into song (and it was impressive!)
It will take more than lack of electricity to ever get me to leave this country, that's for sure.
This is a special place.
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Every day of Stage 6 load shedding costs Tiger Brands R1.5 million in incremental costs.
Pricing inflation was 18% in the last four months.
Eskom is literally driving marginalised South Africans into the ground with food costs.
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A moment of appreciation for the translator interpreting Afrikaans into Afrikaans.
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I wish more people would make an effort to understand REITs.
Resilient is on an annualised forward yield of 8.1%. NAV per share just grew 6.6%. It offers diversified exposure in a liquid instrument.
But no, people want a buy-to-let apartment instead.
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Thinking of starting a business?
I want you to imagine a very dark time in your life. Then take away family responsibility leave, or any form of leave really. Working till 2am because the show must go on.
Just think carefully. That's all.
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My largest exposure in my tax-free savings account, the 1nvest S&P500 Info Tech ETF, has doubled in value.
Tax free. Niks. Nothing. All mine.
If you aren't maximising your TFSA each year and building that pool of capital, you're missing a huge trick.
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EasyEquities platform assets R36.5 billion. There are 966k accounts, so that's R38k per account in round numbers.
At a 0.25% brokerage fee, that's R95 on the initial investment of R38k (ignore portfolio churn).
Cost to acquire a client is R80, fully recouped with zero churn.
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I'm afraid that
@sterkinekor
is a trainwreck in strategy and execution.
Zero innovation in 30 years. Zilch. Heck, even the popcorn isn't good.
In a few years, hopefully there will be new operators who rethink cinema and get it right, with a few cinemas per large city. There's a
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Of the R2 billion that Nampak wants to raise, R150 million is needed for transaction costs of the refinancing and rights offer.
You know those fancy buildings in Sandton full of bankers and lawyers?
Now you understand how they exist.
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Tomorrow will be the last ever weekly Ghost Mail.
The end of an era. The start of something new.
Next week, Ghost Mail and
@inceconnect
will merge, turning Ghost Mail into a daily read with an audience 20x the size.
*insert rocket emoji here*
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14 July:
Two directors of TFG sold shares worth R4.2m
20 July:
A different director sells shares worth R2.9m
Given what's going on in local retail and the level of debt TFG took on, what do you think this is telling you?
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