Harry Scherzer of Future Forex is back on Magic Markets to give us an update not just on crypto arbitrage, but on the Future Forex business and the direction being taken. After a difficult period in which the arbitrage needed to be temporarily closed down to manage counterparty risk amidst uncertainty in the global banking system, the team is offering the arbitrage once more. They have also evolved the Future Forex business model to offer additional services to clients and move the business into a new area. The discussion included: • A brief recap of why the crypto arbitrage exists in the first place, as well as the risk of an arbitrage opportunity closing over time.• Some of the drivers of recent arbitrage spreads and why that can change.• Recent regulatory changes at SARS regarding the process of taking more than R1 million out of South Africa, with a surprising benefit for Future Forex clients.• The versatility of the Future Forex business model and the benefit of relationships creating with banking partners over the years, which enables the company to offer attractive forex solutions to clients for both corporate and personal needs.• The “fee” saving opportunity for clients, once the extent of the bid-offer spread on forex is understood as a genuine cost of transacting.• Potential future areas of expansion for Future Forex. Future Forex is a Financial Services Provider leveraging innovation and automation to provide cutting-edge forex services at exceptional rates to South African SMEs and high net-wealth individuals. As part of their forex service, they offer FEC cover, foreign currency accounts, complimentary AIT applications and more. If you’d like to get in touch, call them on +27 21 518 0558 or visit their website www.futureforex.co.za

Craig Antonie is certainly no stranger to Magic Markets listeners. The team at AnBro Capital Investments regularly join us to talk through stocks that are either in the portfolio or on the watchlist. As AnBro manages more than one type of fund, the watchlist can range from exciting growth stocks through to dividend paying compounders. This week, Craig decided to focus on strong dividend payers that are on the watchlist. The first is International Flavors and Fragrances (NYSE: IFF), a group that manufactures a wide range of products that are used in the food and cosmetics industry. One of three yoghurts sold in the world includes a product made by this company! Although it is a long way up in the value chain and is a “picks and shovels” business rather than a miner, there’s been a significant unwind in the multiple during a destocking phase in consumer businesses. The dividend yield is significantly higher than the long-term average, so it earns a place on the watchlist. The second is Runway Growth Finance (NASDAQ: RWAY), a small financial services firm in the US that provides growth capital to small business. There are specific regulatory requirements in the US that create the opportunity in this space, ranging from the need to lend to smaller firms through to a requirement to pay out a high percentage of profits as a dividend. With a strong founder behind the business, the future of this group looks interesting. With some of the significant recent challenges faced by smaller US lending groups as interest rates have spiked, any financial services firm needs significant due diligence. That is why this company is still only on the watchlist. With great underlying insights into concepts ranging from watchlist strategies through to being patient through cycles, this is another excellent learning opportunity with the team at AnBro. Episode 125 of Magic Markets is brought to you by AnBro Capital Investments, an authorised Financial Services Provider FSP number 48371.

You've heard from Alexander Weiss before on Magic Markets. The impressive young market analyst at Trive South Africa has returned to the show to delve into the stocks that are at the forefront of artificial intelligence. The initial excitement around ChatGPT shows no signs of slowing down. If anything, user growth has surpassed all expectations. This trend has the potential to shape the next decade of technology investing in the same way that smartphones and cloud computing shaped the last decade. The Five with Trive concept sees us cover five stocks on the show. This time around, Alexander took us through Nvidia, AMD, Microsoft, Alphabet and Meta. It just shows that the leading technology platforms tend to be at the cutting edge of whatever the next big thing is, as one would expect. If you are looking for a new trading and investment platform, or if you are new to the game and figuring out where to start, visit the Trive South Africa website for more information. Trive South Africa is an authorised Financial Services Provider, FSP number 27231. Note: as always, nothing you hear on Magic Markets should be taken as advice and you should always do your own research.

Growth vs. value is one of the most stereotypical debates in the market. This is with good reason, as these styles ebb and flow and the popularity of each style is usually just a function of how the market is behaving! There’s so much to learn from these two approaches, so we used the opportunity this week to discuss this topic and look at some of the core differences. This included real-world examples of various companies that we have covered in Magic Markets Premium, like Meta. Also look out for discussions on Netflix, Disney and JPMorgan Chase & Co – again, companies we’ve covered before in Magic Markets Premium. When we are drawing five-year charts and debating them live on the show, you know it’s going to be fun. For just as much fun and far deeper analysis, consider subscribing to Magic Markets Premium for a weekly report and podcast on global stocks.

In Episode 122 of Magic Markets, we welcomed the familiar voice of Dino Zuccollo to the show. Dino is the Head of Product Development and Distribution at Westbrooke Alternative Asset Management and we’ve learnt a great deal about alternative assets over a number of podcasts with Westbrooke. This time around, we were joined by two investment professionals from Anchor Capital who were able to give us a view on alternative assets from another perspective. Matthew Norwood-Young is the Head of Strategic Development at Anchor Group. Peter Little is on the Global Fund Management side of Anchor Capital. With such experienced guests, we took the opportunity to discuss topics like: The appeal of alternative assets for investors and how they contribute to a portfolio management strategy. The level of understanding among investors and what their general perspective is on this asset class. The trends in yield-focused and equity-focused assets. The extent of typical allocations to alternative assets and the hurdles to increasing this further. For more information on Westbrooke’s alternative asset strategies, be sure to visit www.westbrooke.com to find out more. You can also find Westbrooke on LinkedIn. Westbrooke Alternative Asset Management is an authorised Financial Services Provider, FSP number 46750.