Debt. It’s like that “rough” close friend you had at school who was great to have in your corner during a fight, but who would ruin your chances of being made a prefect. Used correctly, debt is incredibly powerful. It can be the difference between success and failure. Used incorrectly, it can also be the difference between success and failure. …
View PostSasol is up 600% since the share price collapsed in March. It’s down 11% over the past two days. This gives an idea of how nervous investors are about the company after the latest financial results were released. Sasol is my single largest exposure in my portfolio. That’s not because I bet the farm on the stock, but because I …
View PostWe should be thanking our lucky stars every day that South Africa’s fortunes aren’t dependent on the oil price. Countries like Saudi Arabia, Kuwait and Iraq are enormously dependent on oil. Saudi Arabia’s petroleum sector accounts for over 40% of GDP. Closer to home, countries like Angola and to a lesser extent Nigeria also count the oil price among their …
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