The poor old ZAR has had a rough time of it in the past decade. Everyone watched with horror this month as the Rand took another nosedive, breaching never-before-seen levels. At one point in intraday trading, R19/US$ became a reality. The Rand managed to pull back below R19 , but the reality is that the seal has been broken. the_ad …
View PostNaspers is a giant – the company is worth over R1.1tn (yes, trillion)! To give you an idea of how enormous that number is, that’s only slightly less than the total taxes collected by SARS in the 2019 financial year. Amongst a zillion other things, Naspers owns AutoTrader and OLX. Back in September 2018, they announced an intention to acquire …
View PostCapitec has had a volatile few weeks even by current market standards. The bank has been the darling of the market for years, growing from obscurity to become South Africa’s largest bank by retail customer numbers. So, what’s going on? Tracking the Corona-coaster. Capitec fell from around R1,440 per share in mid-Feb to R1,110 by the third week of March, …
View PostYou’ve probably heard the term “GDP” many times before, but do you actually know what it is and why it is so important? ???????????????? ???????? ????????????? This isn’t the simplest concept in the world, so let’s start with the basics. GDP stands for Gross Domestic Product, which (despite the name) has nothing to do with your baby’s nappy. Instead, it …
View PostWe are on a journey into the abyss. It’s way too early to tell how it might end, but there could be some positives for South Africa from all this craziness. ????. ???????????????????????????????????? ???????????????????? ???????? ???????????? ???????????? ???????????? ???????????????????????????? ???????? ???????????????? ???????? If Cyril pulls this off, the last remaining Zuma supporters are going to find life very difficult. A …
View PostIt was a landmark week in the tourism industry for all the wrong reasons, topped off by the passing of industry icon and world-famous South African, Sol Kerzner. It’s worth touching on his legacy before discussing the Tsogo Sun Hotels announcement that came out on Friday after the markets closed. Kerzner – a life less ordinary. Kerzner’s colourful life can …
View PostIn a sea of red share price movements, Sasol has stood out over the past couple of weeks as a turd that even the COVID-19 toilet paper hoarders would struggle to get rid of. Nonetheless, it’s a turd that many financial professionals are buying up at the moment. The reason is pretty simple – if it recovers, it has the …
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