| Don't miss this week's episode of Ghost Wrap, brought to you by Mazars and giving you a fast-paced update on the latest news from AB InBev, Famous Brands, Calgro M3, CMH, Astral Foods, Pick n Pay and Santova. Find it here>>> In exciting news in the alternative assets space, Jaltech has launched South Africa's first alternative investments platform, offering a range of alternative investment opportunities. This includes Section 12B solar investment opportunities, structured products, cryptocurrencies and more. Click here to learn more>>> DRDGOLD has outgunned the restWhen the gold price is going up, DRDGOLD tends to deliver the best returns in the market. The reverse is also true, as this is a tailings business that has the most operating leverage out of any of the listed companies in the gold sector. In simple terms, this means that the margins are the thinnest on a normal day, so a significant move in the gold price has a much bigger impact on net profit. If you've been reading Ghost Bites recently, you would've also seen this concept in a company like Astral Foods, which operates in the poultry industry. The rule is simple: a low net profit margin creates a receipt for erratic changes in profitability. Yesterday's news also included a bloody nose for Redefine on the market, with a drop in the dividend not being welcomed by investors. In happier news, there's some good stuff out of South32 and Orion Minerals in the mining sector, along with a trading statement from Barloworld. I also noted the capital raise at Eastern Platinum. There's only one place to get updated on all the news with a single click: Ghost Bites. More ways to learn todayListen to my discussion with Syft Analytics co-founder and CEO Vangelis Kyriazis on the bizval podcast, in which we talked about taking a South African business to the world. For more from Syft and bizval on the topic of valuations and other financial matters, you also have a small window of opportunity available to register for the bizval webinar later today at 12pm. The latest Ghost Stories podcast featured Nico Katzke of Satrix in an objective discussion on perhaps the most important debate for South African investors: offshore vs. local exposure.In Episode 123 of Magic Markets, we focused on growth vs. value investing and how these styles differ. A number of global examples were discussed along the way.Looking ahead to US inflationRisk sentiment has remained unfavourable for emerging markets, with the focus on the US inflation print coming up on Wednesday. Inflation is expected to have eased to 5.5% in April. Gold stabilised above $2,020 and oil prices increased by over 1.5% on the back of expected OPEC+ production cuts. In good news for PGMs, both p alladium and platinum traded higher as well. Remember to subscribe to TreasuryONE's YouTube channel for regular videos giving you updates on the markets and major macroeconomic drivers. Have a great Tuesday! | 