OLD FIRM: David Shapiro on Joffe’s divorce, fallen angels, McKinsey and whistleblowers

LONDON — Veteran South African markets commentator David Shapiro is in top form in this, the latest episode of the Old Firm where we swap notes on the hot topics of the past week. The conversation starts with Friday afternoon's quickie divorce after the entrepreneurial marriage of the year (Brian Joffe and Kevin Hedderwick) and moves on to lessons for investors on fallen angels EOH (which may not recover) and Sibanye-Stillwater (which looks a good bet to do so). In between we unpack the ongoing Eskom scandal and assess why the global top brass at McKinsey are staying schtum (did they know?), Sage's appalling behaviour towards whistleblower Bianca Goodson and the sudden return of CEO Eric Wood in the building that Trillian shares with Shapiro's business. – Alec Hogg

It's over to Johannesburg and a warm welcome to David Shapiro in this edition of the Old Firm. Well, Dave, some very interesting news coming out on Friday. I was having a chat with Riaan du Plessis, the CEO of Phumelela. They've got nice, solid results. Big Rand hedge that's come out there, (not too many people followed that one), but there was another bit of news with Kevin Hedderwick – formally Famous Brands, and most recently tied up with Brian Joffe but no more.

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