By Terry Daley ROME (Reuters) – Serena Williams won her third Italian Open title, crushing local favourite Sara Errani 6-3 6-0 in Rome on Sunday. The world number one looked on top form against the 10th- seeded Errani, who was cheered on by a passionate home crowd but suffered a thigh injury towards the end … Read more
(Reuters) – Tens of thousands of raucous Arsenal fans filled the streets of Islington in north London on Sunday to hail their team’s comeback victory in Saturday’s FA Cup final. In warm sunshine under blue skies, on the capital’s hottest day of the year, manager Arsene Wenger and his squad laughed, danced and waved during … Read more
Vodacom’s financial results for the year to end March, released on SENS this morning, reflect the price war which has erupted in South Africa’s cell phone sector. The better than expected numbers also justify late confidence which emerged in the market on Friday when Vodacom’s shares gained almost R3 from their lowest point to close … Read more
Famous Brands shares are among the best performers on the JSE. In the past decade the price has risen 29 fold from 370c to their current level of around R110 (see below for long-term price graph since its 1994 listing). As a result, much is expected from the company Kevin Hedderwick runs and today’s financial … Read more
Just four years after it was launched, GIBS took Africa’s top position in the London Financial Times’s annual review of the world’s best business schools. It has never lost that position and in the 2014 ranking moved up a position to 42nd worldwide, comfortably the best in the Africa/Middle East region. As I discovered during … Read more
Deep value investors like Cannon Asset Management find it hard to compute exponential growth – especially in share prices. And in the South African context, nothing in recent times compares with surging Naspers, a stock whose star shines ever brighter because of its 34% stake in TenCent, the Chinese Internet business whose growth keeps defying … Read more
This year, during the five hours that Warren Buffett and Charlie Munger answered questions at the Berkshire Hathaway AGM, I listened closely and sent out a string of 140 character messages via Twitter (@alechogg). A couple days after the meeting were spent catching up my notes. Only now, a fortnight later, is much of the … Read more
Hi there, Â Shortly after we listed Moneyweb in 1999, I hosted the head of investment research of a major financial institution. He listened politely while I gushed how the company was set for many years of strong growth as the Internet gripped media. After half an hour of unbridled optimism, this older, wiser man … Read more
NAIROBI (Reuters) – At least four people were killed on Friday in two explosions in the Kenyan capital Nairobi, the National Disaster Operations Centre (NDOC) said. There was no immediate claim of responsibility. In the past such attacks have been widely blamed on the Somali Islamist militant group al Shabaab, which wants Kenyan troops out of Somalia and in September killed … Read more
By Patricia Zengerle WASHINGTON (Reuters) – A top U.S. Defense Department official on Thursday said Nigeria had been too slow to respond to the threat of Boko Haram but Washington is committed to helping fight the Islamist militants and rescue over 200 girls seized from their school a month ago. U.S. officials have said the effort to retrieve the … Read more