Steinhoff fine: punishing the wrong people

Steinhoff misrepresented its accounts by literally billions of Euros. It was a scandal that rocked the market when it was uncovered in 2017, putting the Christo Wiese empire into a tailspin and sending shockwaves through the accounting profession. Sentiment of entrepreneurs towards listed companies turned sour. If they couldn’t trust the Steinhoff financials, why should they trust the financials of …

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Being listed isn’t always a gas

A listed company, for example on the Johannesburg Stock Exchange (JSE), allows its shares to be traded publicly on the exchange. This enables anyone to put in a bid for the shares which could match with an offer from an existing shareholder and… …BINGO magic happens. Shares have been traded, there’s a new shareholder on the shareholder register and the …

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Being listed isn’t always a gas

A listed company, for example on the Johannesburg Stock Exchange (JSE), allows its shares to be traded publicly on the exchange. This enables anyone to put in a bid for the shares which could match with an offer from an existing shareholder and… …BINGO magic happens. Shares have been traded, there’s a new shareholder on the shareholder register and the …

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Being listed isn’t always a gas

A listed company, for example on the Johannesburg Stock Exchange (JSE), allows its shares to be traded publicly on the exchange. This enables anyone to put in a bid for the shares which could match with an offer from an existing shareholder and… …BINGO magic happens. Shares have been traded, there’s a new shareholder on the shareholder register and the …

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Cartrack ticks the investment boxes

With The Finance Ghost, my goal is to focus on the fundamental principles of investing rather than the concepts used by traders in looking for market patterns and signals. The art of fundamental investing requires you to consider company variables including: Core company strategy Growth prospects across existing and potential future markets Revenue and customer volume growth Key margins (gross …

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Cartrack ticks the investment boxes

With The Finance Ghost, my goal is to focus on the fundamental principles of investing rather than the concepts used by traders in looking for market patterns and signals. The art of fundamental investing requires you to consider company variables including: Core company strategy Growth prospects across existing and potential future markets Revenue and customer volume growth Key margins (gross …

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Adcorp – “no holy cows” approach is working

Adcorp has shed 90% of its market value in the past 5 years. The recruitment and training company suffered an ailment that has plagued many industry consolidators: an incoherent strategy combined with an unsustainable balance sheet. There was a time on the JSE when people believed that if you buy five companies on a P/E (Price / Earnings ratio) of …

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