After almost four years of marking time, the Pick n Pay share price rose strongly ahead of and immediately post the release of its recent financial results. Not everybody was impressed, but when the price of a stock rises it tells us buyers exceed sellers. So the house that Raymond Ackerman built is slowly coming … Read more
Tongaat Hulett led the way through its Moreland subsidiary, a property development business that turned old sugar cane lands into KZN’s most expensive real estate. History gave explosives and chemicals group AECI an abundance of land and for a while it looked set onto the same path. But that ended with last night’s sale of … Read more
Berkshire Hathaway has, again, reported a big jump in quarterly profits. What is it that keeps the company performing year after year, and keeps investors coming back time and again? In this interview, SIM Global head Kokkie Kooyman talks about Berkshire’s ability to pick winners, and about the deep ethical commitment that has won investors’ … Read more
Wescoal has reported some stellar interim results thanks largely to the inclusion of Intibane Colliery in its interim numbers. The performance highlights how Wescoal’s strategy of identifying attractive assets and leveraging them to boost revenues over the short to medium term has paid off. In this interview, Wescoal CEO Andre Boje talks about Wescoal’s plans … Read more
I’ve been closely following the Karoo shale gas opportunity. The deeper you get your teeth into the subject, the more excited one becomes. Shale gas has transformed the US’s energy equation. And if the Karoo find is even one tenth of the initial estimate, it will be a game changer for South Africa. Today we … Read more
Global investment bank Goldman Sachs has enjoyed a lengthy and doubtless profitable engagement with the South African Government. So it’s no surprise to see the bank produce a detailed report on the country’s progress as it heads towards the 20th anniversary of its first democratic election. The impressive document can be downloaded by clicking here. Local GS … Read more
This powerful opinion piece draws on one of the most shameful parts of South African history to argue against Gauteng’s eTolls. In a time when social media has massively changed the dynamics of information and power, you have to wonder why the ANC heavyweights continue to bang a drum that is so unpopular and is … Read more
By Dawie Roodt* The ‘correct’ price of any good or service is of the utmost importance for the proper working of an economy. Economic agents (that’s all of us) will decide how and how much of a particular resource to allocate depending on its price. For instance, if electricity is priced incorrectly, too much (if … Read more
The Bidvest consortium today served legal papers on its opponent in the takeover battle for pharmaceuticals group Adcock Ingram. Its key contention is that the Adcock board of directors has already authorised the company provides its Chilean partner CFR with financial assistance to do the deal. Here is the executive summary of Bidvest’s legal case. … Read more
Who are these people who invest with the herd, buying shares when it is time to sell and selling when it is the best time to buy? It is people who are politically and socially correct when it comes to their investment portfolio and who are hypnotised by economic growth. That certainly seems to have … Read more