Midday Market Update 25 Nov 2014
The JSE all-share index is trading 0.46% lower in morning trade, although well off the day’s lows following better than expected local GDP figures.
Search Results for: Steinhoff
Jan Mouton, superstar fund manager – apple didn’t fall far from PSG founder’s tree
PSG founder Jannie Mouton is not just one of SA’s great entrepreneurs. He’s also produced sons who have excelled. Like Jan, manager of PSG Flexible Fund.
Celebrating South African business success abroad
Investec celebrates its 40th anniversary this year. My front row seat to this remarkable story began with a short walk down Mooi Street in 1981.
Marsh Shirtliff: Meet Markus Jooste’s R6m a year horse racing partner
Despite owning race horses that have won races in Dubai worth millions of dollars, entrepreneur Marsh Shirtliff admits he’s put back lots more than he won.
Jan van Niekerk: Ellerines, PPC and RECM’s 23% stake in Cadiz
Today’s market commentator is Jan van Niekerk from RE:CM who comments on ‘real business being a messy thing’. Noteworthy to the conversation is the African Bank knock-on effect on Ellerines, the goings-on at PPC and RECM’s own portfolio exposure to Cadiz.
Something in SA’s water that grows great entrepreneurs?
If anything, SA’s entrepreneurs are doing even better. This week’s London Sunday Times ran a story about Mick Davis, one-time financial director of Eskom (in his 20s) who last year sold his creation Xstrata to Glencore for almost R300bn.
Best Passive Investments if you’re betting on more Rand weakness
Satrix’s Candice Paine explains which of the ETFs and Unit Trusts are best to invest in if you’re nervous about continued weakness in the exchange rate.
Joining Foord in TenCent – and aware of the “unknown, unknowns”
By Alec Hogg Enjoyed a stimulating few hours at the annual Morningstar Conference in Cape Town yesterday. Topped by listening to two low-profile doyens of the money management business, Dave Foord (Foord AM) and Sandy McGregor (Allan Gray). Foord has spent the last 33 years building his successful business by keeping a tight team, focusing … Read more
Rob “what crisis” Davies brushing off concerns about SA corporate divestment
By Alec Hogg It was all Oscar Pistorius yesterday. Even my autocue operator made an uncharacteristic slip, distracted by the OP channel in the control room. Biznews.com’s top stories listed as always at the bottom of this mail, reflect that reality. Fortunately, all of my CNBC Africa interviews are recorded. Then transcribed and published on … Read more
Abil curator: Targeting end-February to re-list R26bn “good bank”
Some good news at last for shareholders of collapsed microlender African Bank. The SARB-appointed curator Tom Winterboer of PWC expects the “good bank” part to be re-listed towards the end of February 2015. He explains that the insurance subsidiary StanGen has some value that would accrue to those who hold formerly JSE-listed Abil shares. “They … Read more