BizNews Briefing – Hersov on DiData Campus judgement; Cy Jacobs spots JSE winner

Two of our most popular commentators are featured tonight, capitalist activist Rob Hersov provides context on Justice Denise Fisher's Jhb High Court judgement slamming six execs of Dimension Data (including co-founders Jeremy Ord and Doc Watson); and 36ONE's founder and CEO Cy Jacobs shares a JSE sector that hasn't caught up with SA's good news. Plus, why Foord's Singaporean team are hot on China for 2025..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:.Markets and Investments.JSE Update:Mixed performance across indices: Resources showed slight gains, while Industrials, Financials, and the Top 40 declined marginally. Financials dropped over 1%.Bitcoin surged by 3.36% to R94,799.Rand Performance:The Rand strengthened by 3 cents against the US Dollar but weakened by 12 cents against the strong British Pound, boosted by expectations of favorable outcomes from the Trump administration's tariff policies.Notable Stock Movements:Anglo-American: Announced increased Anglo-Platinum share sales. Resulted in Anglo-American's stock rising and Anglo-Platinum's declining.DataTech: Jumped 7.5% on its share buyback program.Hyprop: Gained 2.5% after a positive operational update.Nampak: Dropped 12.5% following a dismal trading update, highlighting its troubled state.Other Movements: Argent Industrial fell nearly 4% after interim results; Pepkor and Spar posted gains of 3.33% and 1.2%, respectively, while Aspen hit new 12-month lows..Global and Regional Political Insights.Namibian Election:Namibia, with its 4-million population, held a critical election that could unseat the ruling Swapo party, in power since 1990. Polls indicated dissatisfaction, with 62% of respondents believing the country was on the wrong path.Alec highlighted Namibia's booming gas finds in the Orange River Basin and contrasted it with South Africa's untapped potential due to regulatory hurdles.China's Growth Outlook:Foord Asset Management's portfolio manager, Rashaad Tayob, predicted China as a top global performer by 2025. This optimism was echoed by David Bacher of Corion, who recently returned from China impressed by the country's prospects..Key Features and Interviews.Dimension Data Case:Justice Denise Fisher's ruling on the Dimension Data Campus issue was described as a gripping read akin to a crime novel. Rob Hersov's detailed insights on the case is airing at 7 PM.Cy Jacobs (361 Asset Management):Jacobs, a respected South African fund manager, shared his bullish view on local markets despite outflows from major firms like Ninety-One (R100 billion) and Coronation (R50 billion). He highlighted overlooked opportunities in specific JSE sectors.Foord Asset Management:A sponsored interview with Rashaad Tayob provided insights into the firm's five predictions for 2025, including China's prominence..Read also:.Investment trends: Retail buzz around Boxer IPO, crypto hype, and U.S. tech strategiesVisiting US Congressman on his "favourite" South African Elon Musk and his "rocky relationship" with Trump…🔒Changes aplenty: Trump bump takes some stocks to space – BizNews Share Portfolio update November 2024

BizNews Briefing – Hersov on DiData Campus judgement; Cy Jacobs spots JSE winner

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