In this previous article in October, I flagged that there’s a new sheriff in town at Adcorp. Highly respected CEO Phil Roux has been making good on his promise to turn Adcorp around. I’m going to once again quote from an interview he did with Giulietta Talevi of Financial Mail in July: “I’ve identified eight value drivers and I’m going …
View PostSirius Real Estate is one of the better-named companies on the JSE. Not to be confused with the Harry Potter character of the same name, Sirius was established in 2007 and initially listed on the AIM, the development board in London. An AltX listing was added in 2014 (the JSE’s development board) before the listing moved to the main board …
View PostCapitalism. It’s a double-edged sword. On one hand, people are rewarded for being innovative and hard-working, finding new solutions and improving our productivity, health and wealth as a species. On the other hand, greed and destructive competition often come into play, potentially enriching only a handful of people at the expense of others. This is why regulation is important. As …
View PostShareholder activists are interesting people. They use small stakes in companies to try and leverage meaningful changes, through the provisions of the Companies Act and sometimes the JSE Listings Requirements. Common focus areas include: ESG metrics (like the environmental pressure put on Sasol recently) Questions over management performance (like Rainbow Chicken) Disposals of assets at low prices (like Zeder’s disposal …
View PostMohammed Nalla is one of the most highly respected macroeconomic market analysts to emerge from South Africa. He’s launched Moe-Knows, a macroeconomics knowledge platform. Now living in Canada, he layers a global perspective on top of his emerging markets expertise. Together, The Finance Ghost and Moe-Knows have multiple years of experience across practically every asset class. In Magic Markets, we …
View PostThe property sector on the JSE was once a hive of activity. A few years back, investment bankers literally rode the property wave all the way to their favourite sportscar dealership, raising money in the market on practically a daily basis and earning delectable fees along the way. The property sector was literally dripping with honey, as pension funds and …
View PostThe property sector on the JSE was once a hive of activity. A few years back, investment bankers literally rode the property wave all the way to their favourite sportscar dealership, raising money in the market on practically a daily basis and earning delectable fees along the way. The property sector was literally dripping with honey, as pension funds and …
View PostSo, Telkom has managed to overtake Cell C as the third largest mobile operator in South Africa, although that’s a bit like beating your granny at the 100m sprint. Cell C has never turned a profit and has shed over 4.5 million subscribers in the last year alone. Cell C says that it would rather focus on profitable customers than …
View PostSo, Telkom has managed to overtake Cell C as the third largest mobile operator in South Africa, although that’s a bit like beating your granny at the 100m sprint. Cell C has never turned a profit and has shed over 4.5 million subscribers in the last year alone. Cell C says that it would rather focus on profitable customers than …
View PostToday was a monumental day on the markets. Pfizer announced that its Covid-19 vaccine has been found to be 90% effective, comfortably the most important scientific breakthrough thus far in the fight against the virus. Now, your immediate reaction might be to buy Pfizer shares. Funnily enough, at time of writing, Pfizer was only up 6% after the news. That …
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