BizNews Briefing – Argentina’s rebound; Rupert’s Remgro AGM; Boxer listing

In this episode of the BizNews Briefing, capitalist activist Rob Hersov unpacks the impressive one-year track record of Argentina's president (and fellow libertarian) Javier Milei; top money manager Chris Logan reports back from Johann Rupert's annual public appearance at the Remgro AGM; plus the Boxer listing and today's markets..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 Reporter ___STEADY_PAYWALL___.Market Highlights:.Boxer IPO: The listing was well-received, debuting at an 18% premium. Retail investor demand significantly outstripped supply.JSE Performance: A weak day overall:Financials gained 0.2%.Resources, especially gold shares, declined 1.75%.Top 40 index fell 0.5%.Notable Stock Moves:ArcelorMittal rose 2.5% following a strike resolution.Nampak rebounded 8.5% after clarifying its trading update.Spar Group: A 12-month high earlier in the week, but shares slipped 0.3% after reporting improved earnings for FY September.Tiger Brands and Karoo hit new highs, rising 2% and 5%, respectively..Key Discussions:.Remgro AGM: Chris Logan, a respected investor and founder of Opportune, attended the AGM and shared insights:The company plans to overhaul executive remuneration structures to improve performance.Despite being a historical investment leader, Remgro's share price has underperformed for 15 years and trades at a 45% discount to its assets.Rob Hersov's Perspective on Argentina: Hersov highlights parallels between Argentina's turnaround under President Javier Milei and South Africa's challenges. He applauds Milei's radical government cuts and pro-capitalist policies, drawing lessons for South Africa.Boxer's Market Debut: Evan Walker discusses the strong market enthusiasm for Boxer, spun out of Pick n Pay. Industry experts describe it as a "gem." Alec reflects on the success of the Boxer IPO, encouraging closer attention to future listingsSpar Group: After turbulent years, Spar posted double-digit headline earnings growth, signalling potential recovery..Read also:.🔒 The Economist: Tycoon knife fight – Elon's xAI goes after ChatGPTCy Jacobs: Navigating the investment maze in a volatile world🔒 Warren Buffett's life advice may be more valuable than his portfolio: Beth Kowitt

BizNews Briefing – Argentina’s rebound; Rupert’s Remgro AGM; Boxer listing

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