Globetrotting through the JSE
Those of you who watch the markets have probably wondered how on earth the JSE manages to rally on a day when bad news comes out about the South African economy. ???????????????????? ???????????? ???????????????? ???????????????????? ???????????????????????? Most JSE indices (e.g. the “All Share Index”) are market cap weighted. This means that larger companies carry a higher weighting in the index. …
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The Brexit Burger isn’t delicious
Famous Brands is well on its way to being another great case study of a South African business failing miserably to expand globally. They announced last week that they are not going to give financial assistance to Gourmet Burger Kitchen (GBK) in the UK, the business they wish they had never bought back in 2016 for £120m. the_ad id=”3223″ It …
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ZAR – the lost currency
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 …
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Naspers blocked from buying WeBuyCars
Naspers 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 …
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Capitec’s Corona-coaster ride
Capitec 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, …
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GDP: Let’s get real
- South Africa
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Coronavirus, COVID-19, Economics, GDP, Inflation, Nominal GDP, Nominal Growth, Real GDP, Real Growth, South Africa
- March 25, 2020
You’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 …
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Corona’s chaos is creating some positives
We 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 …
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Tourism mourns an industry giant and its own demise
It 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 …
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Sasol’s fight for survival
In 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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