Discovery seeks growth tonic in Asia – The Sunday Times
Amplify Health joint venture with AIA Group forecasts a market of 2.6-billion people spending the equivalent of R60-trillion on health care by 2030. Discovery CEO Adrian Gore says the financial services group has ambitious growth plans for its new venture in Asia, and sees the company making acquisitions to bolster its services. Article by Thabiso […]
Spar last to enter delivery race – The Sunday Times
Rivals have a head start in booming business fuelled by pandemic. Competition in the grocery delivery market is intensifying, with Spar, the last listed grocery retailer to offer the service, announcing this week that is it rolling out its e-commerce platform in the northern suburbs of Johannesburg from March. Article by Thabiso Mochiko with insights […]
Demand for second-hand cars lifts Motus’ profit – Business Live
Motus, which runs one of SA’s biggest car dealerships, said on Tuesday it expects its first-half profit to jump by as much as 55%, boosted by disproportionate demand for pre-owned vehicle as worldwide chip shortages dog the production of new vehicles. Written by Andries Mahlangu with insights from Abdul Davids – Head of Research for […]
Raging Bull Awards: all the nominated funds – Argus
The annual Raging Bull Awards will be broadcast by video stream on Tuesday, February 1 and 7pm. The awards recognise the best actively managed unit trust funds on straight performance over three years and on risk-adjusted performance over five years to the end of 2021. There are also awards for the top South African and […]
Balanced funds ain’t broke, so don’t fix them – Citywire
In the first of a series of new weekly columns for Citywire South Africa, deputy editor Stephen Cranston reflects on lessons learnt as a pension fund trustee. view article
Many large managers don’t bother – Citywire
Kagiso Asset Management’s Gavin Wood highlights the structural market issues that he believes create an ongoing opportunity. Article by Patrick Cairns. view article
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 […]
Incentive needed for smaller end of stock exchange to survive – Mining Weekly
An incentive is needed for the listing of companies on the smaller end of the stock exchange, which is facing an existential crisis, said AmaranthCX director and owner Paul Miller on Monday. By Martin Creamer. view article