🔒 WEBINAR: Global portfolio ‘double whammy’ – tech stocks soar, Rand weakens
October, as the farmers call it, was a bumper crop for the Biznews Global portfolio, which saw the annualised return hit 39%.
October, as the farmers call it, was a bumper crop for the Biznews Global portfolio, which saw the annualised return hit 39%.
The Biznews SA Champions portfolio, which was launched in January this year, has a very specific mandate. We believe in South Africa’s people and here’s the October update.
By way of context, Commonwealth Bank’s market value is R100bn higher than SA’s mighty Naspers (which accounts for 20% of the JSE’s all share index).
In this edition of the Old Firm, David Shapiro and Alec Hogg talk about KPMG’s growing problems – and what happens.
The approach with the Biznews SA Champions portfolio is to buy into JSE-listed companies which are investing heavily in the global arena.
Chinese internet giant Tencent hit analyst forecasts out the past last week when reporting 40% plus growth in all its major segments.
Bob Van Dijk engineered the Naspers investment into Frankfurt listed Delivery Hero, generating a rapidfire R1.5bn profit for the group. He, too, is behind the hugely successful bet on India’s Flipkart.
Tencent Holdings posted a quarterly profit that surpassed all estimates as its marquee title Honour of Kings drove a 54 percent surge in gaming revenue.
The Biznews SA Champions portfolio is up 5 percent year to date inclusive of costs, lagging the JSE Top 40 which is up 11% exclusive costs.
Apple’s share price hit a record $159.75 yesterday, taking its surge since the latest quarterly results to an impressive 6%.