With 26% profit growth, Naspers brings sunshine into SA investor gloom
Looking ahead, Naspers plans to drive profitability in its established e-commerce segments while selectively investing in earlier stage opportunities.
Looking ahead, Naspers plans to drive profitability in its established e-commerce segments while selectively investing in earlier stage opportunities.
Steinhoff’s delayed 2018 results were released this week, but as mentioned in a Daily Maverick editorial, the figure was not what ‘really’ jumped out.
Dave Woollam explains how he had warned the Tongaat board of directors about their looming crisis. And, for his troubles, was shown the door.
Ted Black aims his pen at Aspen and Tongaat, with the latter having already joined the South African “80% Value Destruction Club” and the former close to it.
And SOE it goes: As turnaround plans stumble, SABC is the latest entity to face financial point of no return.
Steinhoff and Tongaat Hulett’s admission it may need to restate results is spurring South African auditors to weigh tougher measures for the profession.
The question has to be asked; is Tito Mboweni allowing SAA a merciful death rather than depleting the Eskom-thinned state coffers any further?
We take a look at South Africa’s current interest rates as set by the SARB monetary policy committee and find our interest rates are far above suggested ‘Taylor’s Rule’ levels.
The scandal has the whiff of deep-seated deceit, with onlookers cautioning that Tongaat Hulett is looking like another Steinhoff.
South African Airways’s prospects of surviving in its current form took a hit over the weekend when news broke that Chief Executive Officer Vuyani Jarana quit over a lack of government support.