Naspers was a hot topic today after Fitch downgraded its debt to junk, noting that Naspers’ intensive investments would hinder its profitability. The market was unphased, and Naspers’ share price actually rose despite the news. Group Five was another company that impressed investors with its full year results reporting a 26% increase in normalised headline … Read more
Woolworths has had a big week. Not only did the group release a trading update, reporting a 14% increase in sales, it was also the given the go-ahead by the Federal Court in Australia to forge ahead with its R20bn acquisition of David Jones, an upmarket retailer native to Australia. Alec was joined in the CNBC … Read more
I consider both Alan Knott-Craigs to be friends. Senior, the country’s cell visionary and founding CEO of Vodacom. A man who returned after a heart-attack instilled sabattical and is now running Cell-C (and soon, if sense prevails, Telkom). We’ve shared some deep moments. I was privileged to be asked to speak at the launch of his book. And he has been quick to offer support during my difficult periods.
May 28, 2011
This article uncovers the way in which a predator feasted on over-optimistic small investors led by a hero to the punting class, Greg Blank.
In the share market, fact is sometimes stranger than fiction. Take the case of the JSE-listed oil exploration company SacOil Holdings, which in the past year rocketed from oblivion to stardom – but this week showed signs of falling back into obscurity.