Tiger Brands is recalling 20 million canned vegetable products, due to safety concerns related to potentially defective cans. The move could cost Africa's biggest food producer up to R650 million. Alishia Seckam spoke to Noel Doyle, CEO of Tiger Brands for more.

It’s profits and the Fed as US earnings season kicks into high gear this week. The next couple of days are going to be monumental as everyone tries to figure out how strong corporate fundamentals are at the moment and in what context that is happening in terms of the economic outlook and policy settings.

Alphabet, Apple and Microsoft are set to publish quarterly results late on Tuesday, with Amazon due later in the week.

In addition, the Federal Reserve will begin its two day meeting later on Tuesday, with investors set to scrutinise a statement and press conference from Fed Chair Jerome Powell due late Wednesday.

Time to have a bit of fun and highlight a few counters worth adding to your portfolio with all the usual caveats that a few stocks or etfs does not a diversified portfolio make.

There are few interesting themes in the market at the moment and we’re in the midst of US earnings season so our focus is on US listed investment instruments.

Let’s welcome our panel

Caroline Cremen, Portfolio Manager at Adviceworx

Nesan Nair, Senior Portfolio Manager at Sasfin

&

Henry Biddlecombe, portfolio manager at Achor capital

Liberty Two Degrees is optimistic about its future prospects as occupancy levels begin to pick up following the fallout of Covid-19. Alishia Seckam spoke to Liberty Two Degrees CEO Amelia Beattie for more detail on the recovery and how the landlord plans to take full advantage of the situation.

President Cyril Ramaphosa on Sunday announced a package of measures to support households and businesses affected by the Covid-19 pandemic and the recent violence in KwaZulu-Natal and Gauteng, including the reintroduction of a R350 income grant to the poorest citizens between the ages of 18 and 59. Some are calling this the begging of a permanent Basic Income Grant in South Africa. After the recent series of violent protests in parts of the country that exposed mounting political and economic frustrations, President Cyril Ramaphosa has brought the proposal back into the spotlight.

Michael Avery spoke to Professor Stephen Deverux who holds the SA/UK Bilateral Research Chair in Social Protection for Food Security and is affiliated to the Centre of Excellence in Food Security at the University of the Western Cape;

Professor Alex van den Heever is chair in the field of Social Security Systems Administration and Management Studies at the Wits School of Governance; &

Colin Coleman, former CEO of sub-Saharan Africa at Goldman Sachs, about how this will be funded and the trade offs at play.
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The Reserve Bank’s monetary policy committee (MPC) maintained the repo rate at 3.5%, in line with the median forecast of 18 analysts surveyed by Bloomberg. But it looks like the next move is up so start paying off those credit cards. Pick n Pay group chief executive Pieter Boone has called for president Cyril Ramaphosa to lift the country’s restrictions on the sale of alcohol. And as the vaccination drive got into high gear with the gen-xers this week there is now talk of introducing a Basic Income Grant. Is this a good idea? To put things into perspective Michael Avery spoke to Warwick Lucas Chief Investment Officer at Galileo Asset Managers; Raymond Parsons, professor in the School of Business and Governance at Northwest University & Isaah Mhlanga, Chief Economist at Alexander Forbes.

South Africa’s economy is under pressure and Colin Coleman, former partner at Goldman Sachs, believes a three-pronged approach will help the country bounce back. The plan calls for, among others, an economic stimulus package targeting the unemployed and small businesses. Alishia Seckam spoke to Colin for more detail.