WhatsApp to offer free voice calls – how will that affect MTN, Vodacom?

Facebook’s decision to purchase text messaging service WhatsApp for $19bn has attracted a great deal of attention. While some have hailed it as a masterstroke, many are asking themselves what makes WhatsApp so valuable. As First Avenue’s Nadim Mohamed points out, the price of the deal puts the value of each WhatsApp user at $42, … Read more

SABC corruption scandal grows, but no punishment in sight

When one considers the full scale of the SABC corruption that the Public Prosecutor uncovered, it seems almost impossible that there will be no consequences for disgraced acting chief operations officer Hlaudi Motsoeneng. Yet, as Cynthia Schoeman of the Ethics Monitor points out, so far, nothing has been done despite extensive evidence documenting Motsoeneng’s malfeasance. … Read more

Africa is not for us – Calgro M3

Building residential housing for low-income people may not seem like a path to riches, but the folks at Calgro M3 seem to be doing OK. They recently announced a multi-million dollar deal to build low-cost housing in Namibia, and have seen their share price jump as a consequence. Interestingly, however, Calgro business development director Derek … Read more

Shoprite, Aveng, Naspers: RECM’s Jan van Niekerk takes stock

If you’re wondering whether it is a good time to buy shares like Shoprite and Aveng, which released results this week, or Naspers – which announced that CEO Koos Bekker was stepping away from the helm for a sabbatical – you can’t go wrong listening to the views of Jan van Niekerk. The Chief Executive … Read more

CAMAC CEO says media are wrong, no bankruptcy or corruption

If you read the news, you’ve probably heard about the alleged corruption and mismanagement at CAMAC Energy, which recently received a substantial investment from the PIC and is newly listed on the JSE. With revelations of CAMAC’s contributions to Zuma’s Education Fund, and the allegedly precarious financial state of CAMAC, the story has plenty of … Read more

Hulamin’s roaring performance, and how it will sustain the growth

  The aluminium industry isn’t the sexiest business in the world. Although we use the material pretty much every day – it’s in our beverage cans, cars, and appliances – there’s not a lot of excitement in mining aluminum ore, smelting it, and making it into stuff. Nevertheless, as Hulamin’s year-end results, released on Monday, … Read more

Nedbank CEO Mike Brown on his future, Old Mutual and beating expectations

As happens when you’re in this field for long enough, it’s been my privilege to watch Mike Brown develop from Nedbank’s eager new financial director to the confident, assured and very competent CEO of the smallest of the country’s Big Banks. In his four years in charge Brown has delivered earnings growth superior to that … Read more

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