Blue Label shares take hit on results – sanity will prevail; it’s one of JSE’s most exciting prospects

I first met the brothers Levy of Blue Label Telecoms in late 2007. They floated their business during the JSE’s most recent new listings boom with backing from some of Johannesburg’s shrewdest financiers, including board chairman Larry Nestadt (whose shares at listing were worth R56m); the late Sidney Ellerine (R118m) and Neil Lazarus (52m). From … Read more

Is this a trend developing? ARB joins Special Dividend club, supports surging share price

Absa started the trend. But many of us thought that was an aberration driven by a needy parent. A logical conclusion, considering the controller Barclays Plc had simultaneously announced the third biggest rights issue in UK history. But when two smaller industrial companies announce special dividends on successive days, you have to start wondering whether a new … Read more

Sibanye Gold won’t capitulate; prepared for three month strike, has resources for longer – Froneman

South Africa’s gold mining industry has been its own worst enemy. As richer seams were worked out and profit margins squeezed, corporate managers rarely grabbed the nettle. Instead of adapting to new realities by addressing the underlying issue of continuously declining productivity, every year they buckled to excessive trade union demands. So the labour:capital ratio … Read more