🇿🇦 Mzansi Market Memo – Monday, 14 July 2025

Molo, gents and gentleladies.
It’s a new week in Mzansi, and the JSE is coming off a choppy Friday session. Global markets are watching US inflation data and Chinese growth figures, while local traders are eyeing Eskom’s load shedding updates like hawks. With the rand holding steady and commodities showing resilience, the mood is cautiously optimistic — but as always, expect a few surprises before the week’s closing bell.

As a reminder, on Mondays we take a look at what to expect in the week ahead and the past weekend’s key announcements. Tomorrow you’ll receive your daily dose as usual.

Let’s get to the money.

📈 YTD Performance Snapshot

📊 Before the Bell – Market Pulse & Announcements

• USD/ZAR: 17.93; YTD -4.51% (ZAR strengthened)

• G20: Finance Ministers and Central Bankers will be convening Thursday

📆 Week Ahead Brief

• Stats SA Releases:

  • Tuesday: Mining: Production & Sales (May 2025)

  • Wednesday: Retail Trade Sales (May 2025)

  • Thursday: Motor trade sales (May 2025); Selected building statistics of the private sector (May 2025); Statistics of civil cases for debt (May 2025); Wholesale trade sales (May 2025)

• Earnings: 

  • Wednesday: 

    • Newpark REIT – Annual General Meeting

    • Exemplar REITail – Annual General Meeting

  • Thursday: 

    • Rebosis Property Fund – Final Results & Interim Results expected. Note: Rebosis is in a suspended/delisting status, so publication will confirm asset disposition progress.

  • Friday: 

    • Seamless Holdings (SEAM) – Final Results

    • Capitec Bank – Annual General Meeting - Watch for shareholder commentary on digital strategy and lending growth.

    • Karooooo Ltd (Karoo) – Quarterly Results - Focus expected on subscriber growth and margin trends in telematics/logistics.

• Global Watch:

  • Tuesday: US CPI; China GDP figures out

  • Thursday: G20 Central Bankers and Finance Ministers convene - US Scott Bessent is expected to skip in signs of increased US-RSA tension

📢 SENS Roundup – Friday, 11 July 2025

• Blue Label Telecoms: Proposed Name Change & Restructuring:

  • Proposed name change to “Blu Label Unlimited Group Limited.” This forms part of a broader restructuring to separate telecoms and non-telecoms business units, aligning its branding with a more diversified business focus.

  • Investors should monitor further updates, as the restructuring could materially impact group strategy and valuation.

• Delta Property Fund: Circular Distribution & General Meeting Notice:

  • Delta Property Fund distributed a circular regarding the disposal of its 88 Field Street property in Durban for R76 million.

• Routine announcements:

  • British American Tobacco (BTI): Notification of major holdings.

  • Prescient Management Company: Listings of additional securities.

  • Bytes Technology Group: Notification of major holdings.

  • Novus Holdings: Distribution of integrated annual report and AGM notice.

  • Schroder European Real Estate: Property portfolio valuation.

  • Glencore: Transactions in own shares.

🧠 Exec Picks

🕵🏽‍♂️ Explosive SAPS Scandal: Crime, Politics, and Syndicates Collide

The Mkhwanazi vs Mchunu saga has cracked open the fault lines within SAPS. Allegations of a criminal network reaching deep into police and political leadership have rocked the country. Mkhwanazi claims a unit tackling political killings was dismantled under pressure from a shady network involving Minister Mchunu and “tender kingpin” Vusumuzi “Cat” Matlala. The President has since placed Mchunu on special leave, but the nation waits to see who falls next.

📖 Read: IOL – The 10 key players in SAPS scandal

⚡ Why SA’s Grid Feels Better — But It’s a Mirage

Nedbank’s latest Energy Prospects report says the reason for no load-shedding isn't Eskom’s brilliance — it’s reduced demand. With businesses and households moving to solar, plus sluggish economic activity, Eskom's load has lightened. But this is no victory lap: future energy needs still exceed available supply. Structural reform and private participation are keeping the lights on — for now.

📖 Read: Daily Investor – The real reason SA has no load-shedding

🎥 SA’s New Visas Could Light Up the Film & Events Industry

New visa reforms are lighting a fire under the hospitality sector. Industry voices say SA could soon become a global hotspot for conferences, production crews, and tourists. The film sector especially sees major upside — provided logistics and infrastructure catch up.

📖 Read: Business Report – Visa changes to boost SA film & hospitality

😂 Monday Meme of the Day

🧠 Final Word

As the sun rises on a new week, remember: in the markets, fortune favours the early risers. Stay sharp, trade smart, and may your portfolio be as resilient as a Joburg taxi in rush hour.

Mzansi Market Memo is compiled daily by Rayhaan @ the Memo for investors and operators who trade before the sun rises.

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This memo is for informational purposes only. Not financial advice. Still, we’d buy low and read high.