Load Shedding Update 00:30
Milestone: 100 days of no load shedding by Friday.
Factors: New capacity online, Kusile unit 5 (800 MW), upcoming additions from Medupi and Koeberg.

Impact:

Reduced GDP loss (previously 1.8% of GDP due to load shedding).
Positive effect on inflation and economic stability.

Winners:

Retailers: Shoprite*, Pick n Pay, Spar (less expenditure on diesel).
Manufacturers: Invicta, Hudaco (benefit from increased customer stability).
Real Estate: REITs with shopping centers, reduced generator use.

Interest Rates 09:08
Jerome Powell's Speech: Potential for a single rate cut in November.
Impact on Markets: Minimal immediate impact, with expectations already priced in.
Local MPC Meetings: Predictions for rate changes on 19 September and 21 November.

Market Insights
Mr Price*: Ex-dividend yet the stock price increased, indicating strong sector performance.

Tesla Analysis 14:38
Market Share: Decline in second-quarter sales but maintains a significant market share (~50%).

Challenges:

Increased competition from other EV manufacturers.
Need for cheaper models.
Significant share dilution over the years.
Stock Performance: Historical highs and current rebound to 231.
Future Prospects: Continued relevance in the EV market despite competition.
Tesla weekly chart | 02 July 2024
SARS Tax-Free Changes
Impact: Minor changes affecting pro rata contributions for part-year taxpayers.
RSA Retail Savings Bonds
Rate Change: Significant drop in 5-year bond rate from 11.5% to 10.5%.
Action Required: Reset by the 20th for current holders. The form is here.

Simon Brown

I hold ungeared positions.