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

Transformative deal for Famous Brands as it ties up with 165 store partner to take Debonairs, Steers, Wimpy into Nigeria

Kevin Hedderwick is my favourite kind of CEO. Modest, hard-working, disciplined and for most of his career, operating under the radar. He believes in finding the right processes and driving their efficient implementation. Once that’s in place, pumping fresh capital into an already successful and proven model. This focused approach has rocketed Famous Brands from … Read more

The “true” value of the Rand? How about R6=$1; JSE-listed heavyweights trading at double true value. Adrian Saville sure doesn’t go for fashion.

Some great investment analysis to get your teeth into. Adrian Saville is the CIO of Cannon Asset Managers and an associate professor at GIBS, Africa’s top ranked business school. Fascinating interview below. How’s this for an appetiser: a realistic value for the Rand is R6 to the US Dollar; some of JSE heavyweight stocks are … Read more