Economic Insights
Short-term trading opportunities - EP05
In the 5th episode of trading unpacked we cover how previous trades have performed. We also discuss the current trade environment and some tips during heightened volatility. New trades include Telkom, Google and Coinbase.
01 December 2025
Economic Insights
2025 MTBPS Review: Inflation targeting, fiscal consolidation, and growth priorities
12 November 2025
Economic Insights
2024 Budget: Balancing Fiscal Prudence with Economic Growth Support
21 February 2024
Economic Insights
A macroeconomic outlook for 2024
The past few years post the Covid-19 pandemic have been tumultuous. Central banks have, primarily, pulled the interest rate lever to combat inflation at the expense of short-term economic activity. In line with this, fiscal and consumer pressures have mounted, while input costs are weighing on business activity. These issues are more pronounced in South Africa (SA) as the country grapples with infrastructure calamities. This year will see over 40% of the globe's population and GDP share take to the polls to vote for new leadership and policy changes.
06 February 2024
Economic Insights
Equity Insights - Arm Holdings: Blockbuster IPO: Opportunistic or Opportunity?
14 September 2023
Economic Insights
Equity Insights - Nike - Just doing it!
Nike Inc. designs, develops, and markets athletic footwear, apparel, equipment, and accessory products for men, women, and children. The company owns over 1 000 retail stores worldwide, with operations in over 160 countries. The company generates ~43% of sales in North America (mostly the US), with more than 25% in Europe, the Middle East, and Africa. Greater China accounts for ~15% of revenue, and just under 15% of sales emanate from the rest of the Asia-Pacific region and Latin America.
31 August 2023
Economic Insights
Equity Insights - Lesaka - Fair value considering trading illiquidity
22 August 2023
Economic Insights
Equity Insights - Mediclinic's Delisting - Exploring exposure to other hospital groups on the JSE
06 June 2023
Economic Insights
Equity Insights - L'Occitane International (973 HK) - Cream of the crop
L'Occitane was established in 1976 as a soap maker in the South of France. In 1990 the company was bought by a venture capital firm and from 1994 Reinold Geiger began buying into the company, took over management and began expanding. Today, L'Occitane's offerings include skin and body care, men's grooming aides, and home fragrances. Its products are sold globally.
01 June 2023
Economic Insights
Equity Insights - Palo Alto Networks Inc. - Major thematic support
Palo Alto Networks Inc. is a global cyber security leader, providing next-generation solutions to thousands of customers globally, across all sectors. The company started as a firewall vendor but has grown to encompass all security areas. It offers integrated security solutions for cloud-native applications.
09 May 2023
Disclaimer
This Publication note is issued by FNB for the information of clients only and should not be produced in whole or part without prior permission. Although FNB is an Authorised Financial Services Provider, any opinions and/or analysis contained in this Publication are for informational purposes only and should not be considered advice, including but not limited to financial, legal or tax advice, or a recommendation to invest in any security or to adopt any investment strategy. The information contained herein has been obtained from sources/persons which we believe to be reliable. Still, it is not guaranteed for correctness, completeness or otherwise. We do not assume liability for loss arising from errors in the information or that may be suffered from using or relying on the information contained herein, irrespective of whether there has been any negligence by us, our affiliates or any other employees of ours, and whether such losses are direct or consequential. As market and economic conditions are subject to rapid change, any comments, opinions and analyses are rendered as of the date of publishing and may change without notice. Such changes may have a material impact on the outcome of any investment. Securities involve a degree of risk and are volatile instruments. Past performance is not indicative of future performance. Securities or financial instruments mentioned in the Publication note may not be suitable for all investors, and FNB bears no responsibility whatsoever arising from or as a consequence thereof. The material is not intended as a complete analysis of every material fact regarding any share, instrument, sector, region, market, country, investment or strategy. The recipient of this Publication must make their own investment decision and is advised to contact their relationship manager for a personal financial analysis before making any investment decisions. Copyright 2023.
