Ever wondered how much Airbnb hosts are making in Cape Town? 🏠🌊⛱️

- typical host makes R74,000 a year!!

- hosts made R2.5 billion in 2023

- typical listing is rented for 38 nights a year

Source: Airbnb Report, October 2024 Airbnb produced a report to show Airbnb is actually good for Cape Town. Who did the analysis? Airbnb themselves ‼️🤦🏻‍♂️

According to Airbnb, their impact on local rentals is just 69 bucks a month

(their median rent assumption of R10.5k is also not serious)

SA Rugby received a $75m offer from US private equity firm (Ackerly Sports Group) 🏉🏉

the proposed deal is insulting, terribly structured & embarrassingly one-sided [thread] the Springboks are a globally recognized brand & the most decorated rugby team in history (4x World Cup Winners) 🏆🏆

top ranked players make millions from club salaries & sponsorships

...except SA Rugby does not actually make a profit & reported another loss again this year!!

you see a lot of misguided pro-capitalism, "let's go free market" hot takes here

it's mostly from pod bros, dudes who watched Wolf of Wall Street or learnt about the "invisible hand" in an ECON101 lecture

here's the truth about capitalism - from an experienced investment banker Capitalism used to be forged on meritocracy, sparking innovation & rewarding the best allocation of resources

not anymore

now you have private ownership of gains & socialism of losses - poor people pay for dumb corporate decisions

it's toothless, neutered & watered down

here's why this headline is inflammatory, polarizing & fuels divisive rhetoric

also - it's blatantly misleading & inaccurate [thread] let's unpiece this - line by line

1. 1% = rank TANKING
2. it's BAD because it's the lowest close since two weeks ago
3. WORST performance against emerging market currencies
4. bond yields JUMPED 12 basis points in three weeks

sounds terrifying right? it actually isn't

many private companies thrive off government failures, social instability & profit handsomely from elevated risk

(private security, private healthcare, backup electricity, etc)

people pay twice for services

a huge benefit of a functioning country is eliminating the redundancy desperation also opens the door to exploitation

take home solar financing for instance

when you run the hard numbers the effective return across many providers is astronomical — it’s often a terrible financing deal for the end user

the secrets behind Aviator ✈️💰 [thread] over the years I've printed decent racks across stocks, crypto, exotic derivatives, football, pro wrestling, poker, blackjack & even predicting Oscar winners

very important - there's a MASSIVE difference between investing, trading & outright gambling

Aviator = outright gambling

WeBuyCars will IPO at R18.75 tomorrow 🏎️🏎️

Personally, I'm staying away 🚶‍♀️🚶‍♀️

- listing valuation multiples are on the rich side (esp for a 5% margin business), some optimism baked into this price**
- Transaction Capital using a meaty chunk of proceeds to settle their own debt (short term credit facilities) is a rough place to be
- not entirely convinced on the SA macro industry growth outlook story being positioned here

** I really love IPOs where a bit of money is left on the table... this doesn't look or feel like one of them 📈📈 there's an entirely separate conversation around listings by private equity & how much juice gets extracted before assets eventually get to market... you're often pretty late to the party as a retail investor

another convo is the @JSE_Group being starved of high quality IPOs

seeing Nelson Mandela's belongings auctioned off echoes an an ancient Chinese proverb on wealth

富不过三代 (fu bu guo san dai) - "wealth does not last beyond three generations"

the first generation creates it
the second generation preserves it
the third generation squanders it "shirtsleeves to shirtsleeves in three generations"

the Williams group (a wealth consultancy) researched 3,200 wealthy families over a 20 year period

by the second generation, 70% of their wealth evaporated
by the third generation, 90% lost nearly all their wealth

I was still a newly minted investment banking associate in New York learning the finance game

one of the MDs dropped this wisdom bomb:

“remember this, the working class PAY to be seen & heard… the rich PAY to be invisible”

this still sticks with me & you see it A LOT!! “old money whispers & new money shouts”

except old money does flex… they just flex different

it’s art collections, philanthropy, family crests, elite schools, concierges, remote ski trip locations & inaccessible experiences

they’re seen & noticed by people in their cohort

Massively proud to share our @Banker__X private members network, WealthX is now live!! 🍾🥂

The platform will host short online courses, eBooks, 1 on 1 coaching, calculators, quizzes & networking events. All our content pulled into ONE place.

Join here: bankerx.club/p/wealthx
All the core WealthX content & features will be free. Accessibility is why we started BankerX in the first place.

For advanced skills courses, deeply technical content, exclusive private community tiers & personalized (1 on 1) coaching - there will be paid offers.

looking to transform your body? here’s every HARD lesson I learnt on my journey to help you lose weight & get fitter

it’s one of the toughest yet most fulfilling things I’ve ever done & a lot of this is deeply personal [thread]

1. love the process 🤍

find a sport/class/ workout you enjoy & set performance goals (vs weight goals)

example: target a pace you want to run a 5km

I took up powerlifting & it completely changed my life

my goal then? to deadlift 1.5x my bodyweight… today I’m closing on 3x

Le Creuset is owned by South African, Paul Van Zuydam 🇿🇦

the iconic cookware brand will turn 100 years old in 2025 & is aiming to clear $1bn in annual sales 📈

its global expansion has been phenomenal - despite being founded & manufactured in Fresnoy-le-Grand (France), just 5% of total sales come from France (used to be 50% in 1988) 🇫🇷

Roughly 50% of all sales are from French-made traditional cast iron products & they manufacture 10 million pieces (pots & lids) every year!🍲
how Paul Van Zuydam ended up owning 100% of Le Creuset is fascinating 🇿🇦

Paul was given a choice, become an accountant or work on the family farm (its accrual world)

so Paul becomes an accountant & works with his uncle at EFI industries (a struggling bakeware manufacturer)... within a couple months they turn the business around

then Paul buys out his uncle & owns EFI

your quick guide to owning a Sorbet franchise! 💄💄

Sorbet is now fully owned by the Clicks Group (was previously owned by Old Mutual Private Equity through Long4Life)

set up costs depending on the store type range between ZAR 2m - 3m & require at least 50% of the initial investment in cash

store types cover salons, nailbars, hairbars, Sorbet man & candi&co

there's 220 locations across the country with a loyalty program of 600k+
here's the detailed breakdown of expected set-up costs across each type of Sorbet store configuration

you can own a King Pie franchise for R275k cash [thread] 👑 King Pie belongs to the Bidvest Group & now has over 300 locations*

the strategic positioning is simple: convenience, cost & comfort food

in the pie game, location is everything!! customers tend to be... flaky👀

(*their best selling pies are steak & kidney & pepper steak)

your ultimate guide to escape the 9-5 grind🏖️💰 [thread] the real danger of a 9-5 isn't that life is better outside. It's that life gets TOO GOOD within a corporate. You're so comfortable & complacent, there's no incentive to change

Why risk the salary & dangling carrot of a fancy promotion?

The longer you stay, harder it is to leave

your ultimate guide to buying repossessed houses & property on auction! [thread] picture this: a property influencer DJ comes along & says "okes, it's a great time to buy a crib! interest rates are at historic lows!"

fast forward two years & folks are tapping out on their bonds... banks are collecting cribs like infinity stones

the game is cold

⚠️Just 6% of South Africans will retire comfortably at 65. Being a broke boi pensioner isn't fun ☹️

ONE bad decision in your 20s into a wrong product can wipe out 75% of your entire investment!!

How to hack the fine print & find the best low fee players in the game [thread] right now there's a decent chance you're being hammered on your retirement annuity/ pension fund with excess fees

R100k growing at 6% each year for 25 years = R430k
the same R100k after 2% in fees = R260k

40% evaporated... just like that 📉📉

shout-out to David Hurwitz (CEO) who dumped his 40% stake worth R51m in December before the Transaction Capital stock price crashed nearly 70%

https://twitter.com/iamkoshiek/status/1581742345988771840

homie racked up debt using his shares as security... got to admire the hustle

Purple Group (EasyEquities) stock crashed more 65% in the last year wiping out R2.5bn in shareholder value

The best part? A crew of EE Executives dumped R100m in stock across the past 18 months while retail investors burned

Even the CEO's wife sold off stock! [Thread] This isn't the new season of Succession, it's just CEO @CharlesHSavage shuffling stock transactions across his wife & daughter

Silicon Valley Bank (SVB) in 90 seconds! [THREAD] 1. Who is Silicon Valley Bank (SVB)?

- was the 16th largest bank in the US
- largest bank by deposits in silicon valley
- most of its clients are startups, private equity & VC firms

Congrats! you just landed your dream job, here's how to decipher the offer [thread] it all happens quickly - you land an offer & start filtering mansions on Property24 from high to low, being posting motivational quotes on IG with #MoneyNeverSleeps & even start buying popcorn at Ster Kinekor

... a month later you're hitting refresh on Lulalend