It’s do or die for NUM and AMCU as they prepare for Mother of all Trade Union Wars

The news cycle is like the proverbial caravan. The dogs bark daily, but it keeps moving on, always seeking out the freshest stories. In the process, some obvious flashpoints get ignored – and when they do hit, surprise everyone. Especially Mr Market. One of the biggest “surprises” waiting to hit South Africa is worsening labour … Read more

SA institutions climbing into mining stocks while foreigners dump. Who’s right?

News that R700bn Glencore is working on a secondary listing on the JSE has brought focus onto the issue of pent-up demand for global stocks among South African institutional investors. Because they’re limited by legislation to how much they may invest abroad, there’s billions of investible rand available for stocks like Glencore once they list … Read more

Allegations of corruption, predatory pricing, incompetence. Boss “in meetings”. Another day at SAA.

I met SAA’s financial director Wolf Meyer about a year ago. It wasn’t in the greatest of circumstances. One of my then colleagues had discovered the GM of a Moneyweb subsidiary, Editor’s Inc, had been bribing SAA’s procurement officer to ensure its publication was carried in the airline’s cabins. I was horrified at the discovery … Read more

When’s second unsecured lending shoe going to drop? Abil -55%; Capitec -8%.

Had a lot of fun on CNBC Africa’s Power Lunch today co-hosting with Gugulethu Mfuphi. I’ve got Biznewz blogger Irvine Green to thank for that. A couple years back he earmarked Gugu as a rising star (Irvine “discovered” her on Radio 702) and we managed to convince her to join Moneyweb. It’s been delightful watching … Read more

Cashbuild tanks in second half; wouldn’t know it from results, share price

One of the things that really irritates me about financial reports is the way companies always try to put the very best face on things. Too few follow Warren Buffett’s advice of trumpeting the bad news and playing down the good news. We saw another example of this today with Cashbuild, the building materials retailer. … Read more