Hospitality stocks dive as SA goes back on red list – Business Day

Discovery of the Omicron variant, which has seen others follow the UK ban on flights from SA, is a blow to SA’s tourism sector. The rand, which slumped to its weakest level in a year at the end of last week, could be set for more volatility as the discovery of a new Covid-19 variant […]

Richemont joins R1-trillion club – Business Live

Richemont, the Swiss luxury goods group controlled by Johann Rupert, crossed the R1-trillion level in market valuation for the first time last week, joining five other stocks on the JSE that have achieved the milestone. The group’s share price surges 10% to a record R223.93, its biggest rise in a year, after interim results beat […]

Global supply chain constraints hit Savanna – Business Day

Savanna marketing manager Eugene Lenford says a shortage of the drink in some bottle stores in SA is due to a global glass shortage caused by shipping and production delays as a result of the Covid-19 pandemic. Article by Katharine Child with comment by Sarah le Roux – Investment Analyst for Kagiso Asset Management. view […]

General equity funds for the win – Business Live

Unit trusts were originally designed to give ordinary people exposure to the JSE, and were particularly focused on monthly contributions. Originally, general equity was the only unit trust sector. But over time other sectors such as balanced funds and money market funds have developed more strongly… Article by Stephen Cranston. view article

Libstar upbeat over new products amid changing shopping patterns – Business Day

Food manufacturer Libstar says rapid introduction of new and improved products has helped it outperform peers in its first half to end-June. It is confident in its position as the industry grapples with rising input costs, more frugal customers and shifts in shopping behaviour. Written by Karl Gernetzky with comment from Dirk van Vlaanderen – […]

Obscure precious metal takes center stage for platinum giants – Mining Weekly

The rise of rhodium, the world’s most expensive precious metal, has made it the No. 1 revenue stream of the biggest platinum miners. While the metal is well shy of its March peak, rhodium still accounted for 45% of Anglo American Platinum’s first-half revenues. That’s more than platinum and palladium put together. Article by Bloomberg […]

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