Verse23

[Younginvestor @YoungInvestor03]

Last week I showed you the R350 000 car that actually costs R600 000.

Today, the big one. The R1 million house🏡

Financed the normal way, you will pay R2 355 944 for it.

Here's the maths the bank buries in page 9 of your bond documents 🧵

[Ash Müller @Askash]

Balwin is back at it - they’re developing a new block with 532 apartments - except none are for sale, rentals only☝️

Details about the development:

• R470 million in backing from FNB Commercial Property Finance
• Apartment types: one, two and three-bedroom units
• Location: Linbro Park, Johannesburg
• Completion date: October 2029
• Development name: The Klulee

Apartments and prices:

• 1 Bedroom, 1 Bathroom - from R 7,630 pm
• 1 Bedroom, 1 Bathroom Luxury - from R 9,540 pm
• 2 Bedroom, 2 Bathroom - from R 11,130 pm
• 3 Bedroom, 2 Bathroom - from R 16,430 pm

The development will be rolled out in 3 phases:

Phase 1 = 210 apartments
Phae 2 = 182 apartments
Phase 3 = 140 apartments

I've said before that Balwin should consider delisting from the JSE. Listed companies answer to shareholders every quarter. That means constant pressure to keep building and keep selling, because that's how a listed developer shows growth on paper.

The problem is that model lives and dies by the property cycle - when buyers pull back, so does revenue, and the market punishes the share price for it. A private company doesn't have that clock ticking over its head in the same way.

But a rental development like The Klulee works differently. Instead of selling units once and starting the sales cycle all over again, Balwin now owns a stream of monthly rental income that keeps coming in whether the buying market is hot or cold. That's called annuity income - money that lands in the bank on a predictable schedule instead of depending on how many buyers you can find this quarter.

For a business under constant pressure to show growth to shareholders, steady income is worth a lot more than another once-off sale. So while I still think Balwin would have more room to breathe outside the JSE, moves like this are good.

Is this smart diversification, or a sign the sale-based model isn't cutting it anymore?

I would love to hear your opinion in the comments.

[Ash Müller @Askash]

Chery has just taken over the old Nissan factory in Rosslyn, Pretoria - a plant that's been building cars since 1963.

Next year they'll pour money into upgrading it, and production kicks off around the middle of 2027.

• Once up and running, the plant can churn out 50 000 cars a year
• Chery's long-term goal is to sell over 100 000 cars annually in SA
• All 692 workers who were employed by Nissan are staying on (this is wonderful news)
• Another 3 000 jobs are expected to be created up and down the supply chain (this is even more wonderful news)

For context on that 100 000 target - Toyota currently sits on top with a record 148 124 vehicles sold last year, with Suzuki and Volkswagen behind it, both under 100 000.

Chery owns a stable of brands that include: Chery, Jetour, Jaecoo, Omoda, iCaur and Lepas. Their Tiggo 4 Pro was SA's best-selling passenger car last year.

First off the new production line will be the Jetour T-Series, the Jaecoo J5 and the Chery Tiggo Cross.

What do you make of it - is this a sign of who's winning the price war?

[Reads with Ravi @readswithravi]

I’m in love with this sentence:

“One of the most underrated skills you can learn is the ability to ignore your mood and stick with the plan.”

[The Touchmine | 𝐓 @TouchmineX]

🚨 𝗗𝗜𝗗 𝗬𝗢𝗨 𝗞𝗡𝗢𝗪: Lionel Messi won the 2014 FIFA World Cup Golden Ball despite recording 0 goals and 0 assists in the knockout stage. 😳

[Mr Nare @Sir_Nare_]

🇿🇦https://t.co/OpZ6a5F5xO As a data analyst and developer I created Mzansi's first grocery comparison site that helps consumers make price conscious decisions. I'm just struggling with marketing it out there, please share🙏🏾. We compare across Shoprite, pick n Pay, Woolworths etc.

[Africa Facts Zone @AfricaFactsZone]

Belgium is returning millions of colonial era mining records to DR Congo to help boost the navigation of the country's mining reserves worth $24 trillion.

The record will also be digitized.

[Verse23 @verse_2_3]

@RolandPoIand @Moo23Muhaj Let’s go boys

[Verse23 @verse_2_3]

@Xposed Great photo, enjoy Vegas Rollie Pollie

[Etihad Papers @EtihadPapers]

🚨💣 Alejandro Garnacho is desperate to REUNITE with former boss Enzo Maresca at CITY.

Man City have OFFERED Chelsea £12m to KEEP him at Stamford Bridge.

[@Fabrizio_Romano]

[sam ⛷️ @sambrazy]

Not enough people remember this. Infantino hand selected Inter Miami to participate in the Club World Cup. Not the MLS champions, but Inter Miami.

They’re the only team that didn’t have to qualify

[Uebert Angel @UebertAngel]

Sorry! He said "in the name of ALLAH"

[Bosnian Football @BosniaNTBall]

Whether it is or isn’t a red to Balogun is now irrelevant. Government interference is a violation of FIFA Article 2 & 15, and the punishment is disqualification and suspension. #FIFAWorldCup

[Verse23 @verse_2_3]

@Stake @ProfessoraEl We shall see, stake:visile23

[UEFA @UEFA]

UEFA statement on the Balogun case: ⬇️
https://t.co/9LQDx8waKe

[Callum @_callumstone]

Iran couldn’t get visas. They didn’t intervene.

A Somalian referee couldn’t get a visa. They didn’t intervene.

Fans of Muslim countries couldn’t get a visa. They didn’t intervene.

Ronaldo got a red card. Intervened.

USA player got a red card. Intervened.

F*** FIFA. Corrupt.

[Immortal Tessy @TheresaArueyin1]

David messed up, but he still prayed. Peter denied Jesus, but he still prayed. Don’t let guilt keep you from God.

[Alonso Gurmendi @Alonso_GD]

Under FIFA rules, the US should now be suspended from competition. Of course this wont happen

[ESPN FC @ESPNFC]

Belgium's full statement on Folarin Balogun's red card being overturned (via @belreddevils)

[BRICS News @BRICSinfo]

JUST IN: 🇺🇸 President Trump personally called FIFA President Gianni Infantino to review suspension of top US team World Cup goal scorer Folarin Balogun, NYT reports.

His red card has since been reversed, allowing him to play against Belgium.