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The Finance Ghost and Moe-Knows discuss key market trends across stocks, currencies, fixed income, commodities, macroeconomics and geopolitical trends, helping you understand what's going on out there.

PublishesWeeklyEpisodes200Founded5 years ago
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Artwork for Magic Markets

Latest Episodes

AI is eating software, with the market response being nothing short of brutal. The once-loved Software-as-a-Service (SaaS) stocks have been crushed, with valuation multiples back to levels seen during the Global Financial Crisis.

Is the golden age o... more

Fresh off a honeymoon in Egypt, The Finance Ghost brings on‑the‑ground perspective to one of Africa’s largest and most misunderstood economies. From Cairo’s adrenaline‑fuelled traffic to the sheer scale of Egypt’s population, this episode blends trav... more

The first quarter of 2026 was a reality check for global markets. If you had oil, you made money. If you had almost anything else, you didn't.

With pressure across asset classes, this was a risk-off quarter thanks to the conflict in Iran. Defensive ... more

Four weeks into the war in Iran, the numbers tell a stark story around the risks for equity plays in regions like the UAE. Dubai-listed property and bank stocks have tumbled, while the government bears the burden of owning leading hotel and airline g... more

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Recent Guests

David Eborall
Founder, SaltLight Capital Management
SaltLight Capital
Episode: Magic Markets #264: Portfolio Positioning for the AI Epoch (with David Eborall of SaltLight Capital)
Dagon Sachs
Partner at Aylett & Co (fund manager)
Aylett & Co.
Episode: Magic Markets #262: Free Cash Flow - Friend or Foe? (with Dagon Sachs of Aylett & Co.)
Mornay Visser
A financial expert and co-founder of 27four Capital Partners
27four Capital Partners
Episode: Magic Markets #247: Investing in Property with Mesh.Trade and 27four
Wandile Sihlobo
Chief Economist of the Agricultural Business Chamber of South Africa
Agricultural Business Chamber of South Africa
Episode: Magic Markets #236: Mpact's Bullish Outlook on SA Agri - Fact or Fiction?
Muofhe Kwinda
Former equity analyst turned entrepreneur
Kwinda Investment Group
Episode: Magic Markets #226: From Analyst to Entrepreneur
Connie Bloem
Representative from Mesh, previously discussed gold markets on this podcast.
Mesh
Episode: Magic Markets #221: Mesh.Trade - Unlocking Private Markets
Tristanne Farell
Senior Investment Manager at Investec Wealth & Investment International
Investec
Episode: Magic Markets #215: The art of investing in art
Connie Bloom
Managing Director of Mesh Trade
Mesh Trade
Episode: Magic Markets #214: Tradition meets tech - buying gold on the blockchain
Rob McKay
Former colleague of Mo-Knows and part of Mesh
Mesh Trade
Episode: Magic Markets #214: Tradition meets tech - buying gold on the blockchain

Hosts

The Finance Ghost
Primary speaker on Magic Markets, co-host focusing on market structure, macro themes, and asset allocation.
Mohammed Nalla
Co-host with a focus on South Africa market dynamics, global macro, and investment ideas.

Reviews

4.9 out of 5 stars from 132 ratings
  • I’m sold

    I’ve been a skeptic listener since about a year ago. Listening to few episodes and missing more. With Today’s episode with Wandile the guy from SA agriculture as a guest I’m sold. To me the show has been more focused on international markets which isn’t a bad thing but I’m more interested in SA economy as an aspiring entrepreneur who wants to do business in SA.

    Keep up the insightful good work you guys!

    Apple Podcasts
    5
    Siyabonga S. Gumede
    South Africa8 months ago
  • Great listening

    Well done on great content and a a great style of delivering the content. I love listening to you and have learned so much in the content you shared and spoken about with your guests. Keep it up 👍🏻

    Apple Podcasts
    5
    ChrisVerm
    South Africa3 years ago
  • I love the intro

    Podcast Addict
    5
    oddeno001
    5 years ago
  • Making it happen, 1 podcast at a time

    Hey guys! Thank you for the educational content. It’s made a huge difference in my investing education in such a short space of time. Your candid and concise approach makes it easy to stay attentive. Most of all, thanks for always making an effort to respond to us listeners via Twitter and via email. It’s difficult to do what you do and still be available for peoples questions and opinions. Keep it up!

    Apple Podcasts
    5
    Willetjnr
    South Africa5 years ago
  • Best TSLAQ podcast

    Jokes aside, I appreciate the show’s funny (yet sober and critical) approach to investment topics with an actual focus on educating listeners. Keep it up!

    Apple Podcasts
    5
    ComradeAlexander
    South Africa5 years ago

Listeners Say

Key themes from listener reviews, highlighting what works and what could be improved about the show.

High-quality guests and thoughtful macro takes, very actionable
Engaging, high-signal finance insights with real-world examples
Candid, practical investment commentary with accessible explanations
Smart, credible hosts who break down complex topics well

Chart Rankings

How this podcast ranks in the Apple Podcasts, Spotify and YouTube charts.

Talking Points

Recent interactions between the hosts and their guests.

Magic Markets #264: Portfolio Positioning for the AI Epoch (with David Eborall of SaltLight Capital)
Q: How does SaltLight incorporate AI into its research and operations?
The team uses AI agents to handle junior research tasks, transcripts, filings, and some operational work, enabling greater efficiency and faster insights while maintaining human oversight for investment decisions.
Magic Markets #264: Portfolio Positioning for the AI Epoch (with David Eborall of SaltLight Capital)
Q: What led SaltLight to abandon traditional growth/value buckets and adopt an opportunity maximalist approach?
David explains that the past five years in South Africa demonstrated the limitations of one-asset-class or one-market mandates, and that broader flexibility allows the fund to pursue the best opportunities wherever they exist, within regulatory boundaries.
Magic Markets #257: Investing in Copper with Mesh.Trade
Q: How much more runway do you think we have in the metals allocation space for investors?
The allocation to metals in retail portfolios is likely to increase, especially as institutional investors face restrictions. Many portfolios currently lack adequate exposure to metals like copper and silver.
Magic Markets #257: Investing in Copper with Mesh.Trade
Q: What is the thinking at Mesh around the thesis on copper?
Mesh has decided to launch a copper product based on demand for direct exposure to commodities like copper given the energy sector's growth.
Magic Markets #247: Investing in Property with Mesh.Trade and 27four
Q: What is the minimum investment for these opportunities?
Connie mentions that the minimum investment is around 10,000 rand, which allows broader access for retail investors.

Audience Metrics

Listeners, social reach, demographics and more for this podcast.

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Frequently Asked Questions About Magic Markets

What is Magic Markets about and what kind of topics does it cover?

Two hosts deliver broad market color across stocks, commodities, fixed income, and macro trends with a strong emphasis on real-world portfolio positioning. Episodes frequently explore energy, copper, gold, AI-driven capex, and geopolitical risk, often tying macro themes to company-level insights and regional markets (notably South Africa and emerging markets). A standout trait is the willingness to connect big-picture trends to concrete investment ideas and personal trading decisions, sometimes using live case studies (e.g., Sasol, Netflix/WB Discovery, Westbrooke) to illustrate concepts. The format tends to blend crisp analysis, guest perspectives, and timely reflections on market cycles, making it helpful for listeners who want practical ... more

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Which podcasts are similar to Magic Markets?

These podcasts share a similar audience with Magic Markets:

1. Ghost Stories
2. MoneywebNOW
3. The Money Show
4. WorldWide Markets with Simon Brown
5. BizNews Radio

How many episodes of Magic Markets are there?

Magic Markets launched 5 years ago and published 200 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

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What guests have appeared on Magic Markets?

Recent guests on Magic Markets include:

1. David Eborall
2. Dagon Sachs
3. Mornay Visser
4. Wandile Sihlobo
5. Muofhe Kwinda
6. Connie Bloem
7. Tristanne Farell
8. Connie Bloom

To view more recent guests and their details, simply upgrade your Rephonic account. You'll also get access to a typical guest profile to help you decide if the show is worth pitching.

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