Capitec CEOs sell shares as price hits R1 000 – ringing a bell?
On Monday (18th) current Capitec CEO Gerrie Fourie sold R13m worth of stock. His predecessor offloaded R49m worth.
Alec Hogg’s regular column covering investment, economics, moneycraft and, occasionally, something very personal.
On Monday (18th) current Capitec CEO Gerrie Fourie sold R13m worth of stock. His predecessor offloaded R49m worth.
The gifted Juma, a Harvard Professor who rose from poverty in Western Kenya to become one of the world’s foremost thinkers in his field, succumbed to cancer last week.
Steinhoff’s share price dropped 21% from late afternoon Monday. The market was right on Ramaphosa. It’s probably right on this one too.
Just like Brexit, it was a tight 52-48% vote yesterday as 4,701 ANC delegates elected Cyril Ramaphosa to become the party’s next president.
To speed up rehabilitation of a reputation so badly tarnished, SA business will not only need to rapidly clean up its act, but be seen to be doing so.
With the dust yet to settle on state capture, the Steinhoff scandal looks set to reopen the country’s audit wounds.
Within hours of former Steinhoff CEO Markus Jooste’s shock resignation last Wednesday, some social media commentators were dubbing him South Africa’s version of American Ponzi King Bernie Madoff.
Although he made obligatory media appearances after each set of Steinhoff’s financial results, Markus Jooste wasn’t one for interviews.
South Africa’s cash-strapped Treasury has just received some welcome news from Facebook’s chief financial director Dave Wehner.
Put differently, in benign political conditions, based on its assets the Naspers share price would now be trading at R4,250 rather than the current R3,500.