Wilhelm Hertzog was the market commentator on the Power Lunch with Alec and Gugu today. Wilhelm is an analyst and portfolio manager at RECM, where they focus on value investing – the practice of buying stocks that are substantially undervalued so that they can benefit from the correction of the price over time. This investing philosophy … Read more
British American Tobacco (BAT) has agreed to invest US$4.7 billion as part of Reynolds American’s proposed acquisition of Lorillard enabling BAT to maintain its 42% equity position in the enlarged business. The boards of both Reynolds American, an associate company of BAT, and Lorillard have today announced in the USA the proposed purchase of Lorillard … Read more
Johannesburg July 15 Sapa The Association of Mineworkers and Construction Union (Amcu) has lost its recognition status at Samancor Western Chrome mines outside Mooinooi in North West, the company said. “We confirm that Amcu was de-recognised as of from 1 July 2014 as their membership fell to under the threshold limits for group recognition,” said … Read more
By Mark Gleeson (Reuters) – Louis van Gaal arrives for his new job at Manchester United on Wednesday on a wave of expectation following the World Cup finals in Brazil where his reputation was greatly enhanced. The achievement of the 62-year-old coach in taking the Netherlands to third place at the tournament highlighted the meticulous … Read more
JOHANNESBURG (Reuters) – South African Olympic and Paralympic track star Oscar Pistorius was involved in an argument at a night club over the weekend, local media reported on Tuesday, days after his lawyers wrapped up their defence in his murder trial. The Star newspaper said Pistorius had an altercation with businessman Jared Mortimer at a club in Johannesburg’s upmarket Sandton business … Read more
By DOUG FERGUSON No one had a brighter smile than Martin Kaymer when he stepped onto the practice green outside the clubhouse at Royal Liverpool. Yes, he is the U.S. Open champion. His country is much more. Kaymer celebrated Sunday night as Germany captured its first World Cup since 1990 by beating Argentina in extra … Read more
There’s more than enough research around to show that people often resemble their pets. The phenomenon is well-documented, and could be a function of people being drawn to animals that look like them. Now new research presents even stronger evidence to show the DNA links between you and your closest friends. It’s an intriguing theory on human evolution – and what … Read more
I met the new CEO of Groupon South Africa yesterday. Emilian Popa is as interesting as his name exotic. MBAs from both Columbia and London Business Schools, he’s a bit of an Internet startup veteran. Popa returned to the company he left soon after helping his two former partners get it off the ground. They’ve … Read more
FORTALEZA Brazil (Reuters) – The BRICS group of emerging market nations is confident a global trade reform pact will be implemented despite concerns by India over its food security, Brazil’s trade minister said on Monday. “We are confident that the Bali agreement will be implemented by all,” Brazilian Trade Minister Mauro Borges told reporters are the end of a ministerial meeting ahead of the BRICS annual summit. … Read more
By A. Ananthalakshmi SINGAPOREÂ (Reuters) – Gold was trading near its lowest level in almost four weeks on Tuesday, struggling to get past sharp overnight losses triggered by profit-taking and stronger global equities that dented the metal’s safe-haven appeal. Spot gold had ticked up slightly to $1,308.90 an ounce by 0637 GMT, after sliding more than … Read more