BizNews Briefing – Insiders on Boxer IPO; Hersov on New World Order

In this episode of the BizNews Briefing, host Alec Hogg is joined by Sean Summers of Pick n Pay and Marek Masojada CEO of Boxer which lists next week, worth north of R20bn. Also Rob Hersov on how the New World Order will affect SA; C5 Capital's Andre Pienaar's big deal with Sibanye; Nvidia and more..Sign up for your early morning brew of the BizNews Insider to keep you up to speed with the content that matters. The newsletter will land in your inbox at 5:30am weekdays. Register here..The seventh BizNews Conference, BNC#7, is to be held in Hermanus from March 11 to 13, 2025. The 2025 BizNews Conference is designed to provide an excellent opportunity for members of the BizNews community to interact directly with the keynote speakers, old (and new) friends from previous BNC events – and to interact with members of the BizNews team. Register for BNC#7 here..Watch here:.Listen here:.BizNews Briefing Highlights:.Market Overview.JSE Performance:All Share Index up 0.2%.Resources declined 1.2%; Industrials improved 0.5%; Financials gained 1%.Rand strengthened to R18.16/USD and R22.76/GBP.Bitcoin: Increased by 2.5%, trading at R96,751.Commodities:Gold remained steady at $2,500/oz..Key Company Results.Mr Price:Revenue up 5% (compared to market's 2.2%), headline earnings per share (HEPS) grew 6.5%.Market share improved by 60 basis points; stock rose 8.3%.SPAR:Sold Polish operations, reducing debt by R2 billion to R9 billion.Expected HEPS growth of 16-26% (excluding Polish operations); shares up 4%.Purple Group:Returned to profitability; shares gained 3.5%.Investec:Operating profit increased by 7.6% to £475 million; cost-to-income ratio improved to 50.8%.Lewis Group:Despite HEPS rising 49%, shares fell 5.5% due to high expectations.Roynet:Revenue grew 5%, but demand for batteries declined due to reduced load-shedding.Other movers:EOH rose 6.8%; Aspen dropped 0.5%; AB InBev hit a 12-month low..Interviews and Features.Boxer Retail Outlook:Sean Summers (Pick n Pay CEO) and Marek Masajoda (Boxer CEO) discussed Boxer's promising future.Analyst Evan Walker endorsed Boxer as a "top stock" for long-term portfolios.Rob Hersov:Upcoming Business TV interview covers his bold views on global politics, the New World Order, Helen Zille, and Gayton McKenzie.Andre Pienaar:Former Scorpions member and founder of C5 Capital ($500m AUM), discussed partnerships with Sibanye Stillwater and insights into the South African nuclear deal..Global Insights.Nvidia Results:Nvidia doubled sales but underwhelmed investors. Dan Ives, a Wedbush analyst, remains bullish, predicting a $4-4.5 trillion valuation.Gautam Adani Indictment:The Indian billionaire was charged with a $250m bribe by the U.S. Department of Justice. Hogg noted the implications for companies like MTN facing similar scrutiny..Read also:.🔒FT's Lex: Nvidia's dizzying growth is now everyone's businessTackling the Zuma-era construction mafiaSean Peche's deep dive into BizNews portfolio boomer Palantir… alarm bells aplenty

BizNews Briefing – Insiders on Boxer IPO; Hersov on New World Order

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