Christo Wiese wins back dollar billionaire status
Former Shoprite chair and one of South Africa’s most revered businessmen, Christo Wiese, has won back billionaire status (in dollar terms).
Invicta
Alec Hogg: As Africa grows, SA’s constitution helps us along the way
Alec Hogg reminds us that while we face challenges in South Africa we are still on the precipice of the African growth story.
What crisis? Rob Davies shrugs off SA corporate flight, says foreigners investing
Trade and Industry Minister Rob Davies is charged with growing the industrial base of South Africa. I have been keen to catch up with him, specifically to hear his plan to combat the growing number of SA corporates who are taking their investments away from home. His response in today’s interview was illuminating. Davies said … Read more
The strike is over, but the lockout has begun – fascinating insights from Neasa’s Gerhard Papenfus
In this interview with Neasa’s CEO Gerhard Papenfus, a few concerning facts about the resolution of the metal workers strike have been highlighted. As Papenfus says, “The strike is over, but the lockout has begun.” Gerhard sheds light on how Neasa was excluded from the negotiations where they would have represented 3000 employers, who employ 80 … Read more
Wilhelm Hertzog: Labour unrest may be good for some SA companies
Regular market commentator and value investor, Wilhelm Hertzog, from RECM joined Alec on the Power Lunch today to discuss the markets. Along with his views on the construction sector and Mondi’s latest trading statement, he shares some contrary views on South African companies benefitting from the wide-spread labour unrest. For some expert opinions that help us focus on … Read more
Kaizer Nyatsumba: Sobering perspective on SA’s manufacturing sector
A four-week strike that affected the metal and engineering sectors has come to a close as Numsa’s members accepted a wage settlement offer. Kaizer Nyatsumba, CEO of Seifsa joined Alec Hogg on the Power Lunch today to discuss the environment that unionised South African is operating in. The reality is stark, and as it comes to … Read more
MUST WATCH: Invicta Holdings CEO joins dots – NUMSA killing manufacturing
CEO of Invicta Holdings, Arnold Goldstone spoke to Alec Hogg about uncertainty in SA’s industrial sector and the impact that it is having on Invicta, its shareholders and its future prospects. Arnold provided some sobering words for South Africa, its leadership, and its unions. If there is one thing that you should watch today, it is … Read more
Talk is cheap – it will take courage to get SA’s manufacturing normalised
By Alec Hogg Capital is cowardly and its custodians usually act discreetly. Not so Invicta’s CEO Arnold Goldstone whose insights yesterday on a continued slide in SA’s manufacturing were matched by his forthright opinions. In a nutshell, Goldstone says Invicta has extremely low union representation at its business units. That hasn’t made a jot of … Read more
Old Mutual’s Dave Mohr unpacks the State of the Nation and its slowing economy
An overwhelming amount of information has been made available to South Africa over the last few days, where we are seeing a deluge of numbers being reported, that all indicate a negative growth environment in our economy. Added to this is Zuma’s most recent State of the Nation Address, which focused on the country’s two … Read more
Viv Govender on Invicta, Telkom and Dawood Seedat of the FSB
Invicta released its full year results today, receiving a muffled response from the market, with its share price dropping on the back of the results. Despite the market’s reaction to the results, Arnold Goldstone, CEO of Invicta is of the view that the company will continue to produce profits along the same trajectory in the … Read more