Disruptive Capitec knocks Nedbank off Big Four ‘market cap’ perch
Capitec Bank passed Nedbank as South Africa’s fourth-largest lender by value to extend a market-beating rally that has made it the country’s best performing stock.
Capitec Bank passed Nedbank as South Africa’s fourth-largest lender by value to extend a market-beating rally that has made it the country’s best performing stock.
Telkom confirmed government’s proposal to reduce its 39 percent (R14.4bn) stake in the telecommunications firm to recapitalise SAA, which requires a R10bn bailout.
EasyEquities is launching a cost effective platform to invest in US stocks. Purple Group CEO Charles Savage and Alec Hogg discuss why this should form a part of any investors portfolio.
It has been a tough few years for R25bn a year RCL Foods. But there is enough in yesterday’s results for the year to end June to keep the turnaround punters interested.
South Africa’s main stock index closed at an all-time high last week, up 12 percent this year.
Chinese internet giant Tencent hit analyst forecasts out the past last week when reporting 40% plus growth in all its major segments.
In a week that saw Shoprite deliver 12 percent earnings growth, competitor Woolworths was left a little red-faced.
As Brian Joffe closes the door on Bidvest, the company he founded, so the next chapter in one of South Africa’s finest entrepreneurs springs to life.
Bob Van Dijk engineered the Naspers investment into Frankfurt listed Delivery Hero, generating a rapidfire R1.5bn profit for the group. He, too, is behind the hugely successful bet on India’s Flipkart.
Shoprite defied market conditions as it reported a 12 percent increase in full year headline earnings per share to R10.07.