Anglo-American’s Cash Raid on Anglo-Platinum

• Anglo-American’s decision to unbundle its stake in Anglo-Platinum raises concerns.
• Declaring a special dividend of R59 per share wipes out the company’s entire R17.6 billion cash reserves.
• Implications for investors: selling pressure expected as shares land in new brokerage accounts.

China’s Tech Revival?

• The appearance of Jack Ma and Xi Jinping together could mark a softening stance toward tech companies.
• Alibaba partners with Apple, integrating its AI into Apple’s ecosystem.
• Is China reopening the door for its tech giants?

Bull Market Momentum

• Global indices continue to hit all-time highs, with AI and tech stocks leading the charge.
• Not just tech: European and Asian markets show strength.
• Are valuations stretched, or is there more room to run?

Simon Brown

* I hold ungeared positions.

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