Here, at last, is a rational approach towards the JSE’s “surge” over the past year and a half. As we hear almost daily, the JSE’s All Share Index (ALSI) is trading in record territory. And record highs are uncomfortable places for most sane investors. But how the ALSI got there and what it means cannot … Read more
Stand back Frankie Dettori. Your famous Flying Dismount has a challenger called the Joffe Jump. Performed on Saturday for the first time, its debut was to a global television audience of millions from the winner’s enclosure at Dubai’s Meydan racecourse. This new move is named after its inventor, South African billionaire industrialist Brian Joffe, the … Read more
Divesting racing king Barry Irwin says “power freaks” causing his SA exit For most South Africans, horseracing is very much on the fringe. In its rare appearances on the public agenda, the sport is dismissed as a harmless distraction for inveterates.
TBA’s chief Callaghan says thoroughbred export breakthrough just months away Markus Jooste of Steinhoff is one of the smartest guys I’ve met. Ditto Investec co-founder Bernard Kantor. Both are self-made billionaires who know about buying at the bottom. Both are also huge investors in SA’s thoroughbred breeding sector. A fresh arrival in my inbox … Read more
Warren E Buffett sure knows how to toss a cat among the pigeons. True to form, in August the chairman of Berkshire Hathaway wrote an op-ed headlined “Stop coddling the super rich” for America’s leading newspaper, The New York Times. It was a full frontal attack on a tax system that favours the wealthy.Buffett’s well-argued … Read more
In December 20112, Robert K sent this email: I am wanting to invest my bonus in some share but I am not 100% sure where to find value at the moment. I already have MPC, Curro (which has done well for me), Steinhoff and Old Mutual as well as Satrix Top 40 and Stanlib unit … Read more