The world is changing fast and to keep up you need local knowledge with global context.
Alec Hogg’s regular column covering investment, economics, moneycraft and, occasionally, something very personal.
Last Alec heard, former SA Post Office chief executive Mark Barnes hadn’t accepted a new job. He should expect a call from SAA.
Brand Finance has announced WeChat as the world’s fastest expanding brand of the past five years. On this evidence, Naspers is still onto a good thing.
On Friday, the axe appeared ready to fall after an instruction that all SAA staff make themselves available at 4pm. Many at Airways Park started clearing their desks.
The world’s best money managers tell us the most important criteria for judging executives is by the way they allocate capital.
Guess you can’t blame Peter Staude. It’s not every day you’re thrown into the same boat as Markus Jooste. Or, potentially, the same cell block.
Piet Viljoen of RECM opined that the fragmentation of ownership in public companies and shareholder complacency can be destructive.
Yusuf Abramjee supports finance minister Tito Mboweni’s call in Parliament for SARS to reimpose an “intrusive” investigative unit. Soonest. So do we.
Whatever Prosus end up paying for Just Eat – big investors want 20% more and share prices suggest they’ll get it – on a long-term view, the purchase is likely to prove a bargain.
Remgro’s unbundling of its FirstRand shares evoked much commentary by SA investment pundits and Johann Rupert’s response will disappoint critics.
Ken Romain’s 1989 book notes that each R1,000 invested with Donald Gordon at Liberty’s creation in 1958 had then grown to R4.2m – 31% compounded growth for 31 years.