Discovery, the Great Disruptor, again proves why it’s a cornerstone for any long term investment portfolio

It’s well known in Johannesburg that the smartest kids have a straight choice between joining Discovery, the locally-based financial services group, or Glencore, the global resources giant run by Joburger Ivan Glasenberg. Both groups put a premium on intellect and an ability to embrace complexity. But while Glencore is already established in its field as … Read more

Dave King’s first interview after his R706m settlement with SA Revenue Services

Over the past 10 years, serial entrepreneur Dave King and SA Revenue Services have traded insults, publicly and privately. They also flirted with settlements a couple of times – including once when King claimed to have a signed agreement but SARS said the official who concluded it was not entitled – and was duly suspended. … Read more

Joffe: Bidvest has war chest of over R14bn, twinkle in his eye when mentioning Natie Kirsh and Jetro

Brian Joffe is the closest thing South Africa has to Berkshire Hathaway’s Warren Buffett. In a quarter century, Joffe has built Bidvest from scratch into an SA-headquartered global conglomerate with revenues exceeding R150bn and EBITDA of almost R10bn. His genius, like Buffett’s, lies in the ability to efficiently allocate capital. This is part of the … Read more