Dis-Chem reinstates its dividend — sales hold up in the Covid-19 pandemic – Business Maverick
Covid-19 has brought mixed fortunes for the discount pharmacy and healthcare group, but administering vaccines has the potential to bring new customers through its doors. Article by Stephen Gunnion with insights from Sarah le Roux – investment analyst for Kagiso Asset Management. view article
RFG expects better after bumper harvest and easing of restrictions – Business Day
RFG Holdings, whose products include Bull Brand corned beef, Hinds spices and Bisto gravies, says it is optimistic about healthy local and international demand for its products in coming months amid rising fruit juice and pie sales. Article by Karl Gernetzky with commentary from Dirk van Vlaanderen – portfolio manager for Kagiso Asset Management. view […]
Sasol agrees to sell stake in Mozambique pipeline company for more than R4bn – Business Day
Energy and chemicals group Sasol has reached a deal to sell most of its stake in a pipeline company in Mozambique for more than R4bn, the latest disposal for a company seeking to address the fallout from its Lake Charles project in the US. By Karl Gernetzky and Lisa Steyn with commentary from Abdul Davids […]
MTN Zakhele Futhi gets R75m injection – IOL
MTN ZAKHELE Futhi, the mobile operator’s special purpose empowerment vehicle, has received a further R75 million to lessen the blow from MTN Group’s decision to withhold the final dividend for the year to the end of December 2020. Article by Dineo Faku with commentary by Abdul Davids – head of research for Kagiso Asset Management. […]
In need of a shake up – Financial Mail
The asset management landscape is still changing, but at a glacial pace. According to Alexander Forbes’s annual retirement survey, there were no changes in 2020 to the composition of its most popular survey, the “Large Manager Watch” (LMW) — it remains the playground of the Allan Grays and Coronations of the world. Written by Stephen […]
The time has come to say goodbye to the FTSE/JSE Gold Mining Index – IOL
THE JSE TERMINATED the FTSE/JSE Gold Mining Index in line with its move to international standards of classification as South African stocks delivered another quarter of double-digit growth in the first quarter of 2021. Article by Dineo Faku with commentary from Abdul Davids – head of research for Kagiso Asset Management. view article
Morningstar announces 2021 SA Fund Award winners – Moneyweb
Absa, Satrix and Kagiso Asset Management lead the pack. Independent investment research company Morningstar Research South Africa, a subsidiary of Morningstar, has named the winners of its 2021 South Africa Fund Awards. Absa won two awards – for the Best Bond Fund as well as Best Cautious Allocation Fund. Satrix scooped Best Fund House: Larger […]
Standard Bank resumes dividends despite earnings decline – Daily Maverick
Standard Bank has reinstated its dividend despite a sharp fall in full-year profit as Covid-19 placed strain on its customers, resulting in significantly higher credit impairments. Article by Stephen Gunnion with comment from Meyrick Barker – investment analyst at Kagiso Asset Management. view article
Did Sasol sell its potential for growth? – The Sunday Times
Sasol, which flirted with disaster in March last year when its share price went into free-fall amid a global oil price collapse and concerns about spiralling debt, is back in calmer waters. Article by Nick Wilson with comment from Abdul Davids – portfolio manager at Kagiso Asset Management. view article
Spur holds on to its cash to ride out any third wave – The Sunday Times
Spur Corporation is battening down the hatches for a potentially volatile next six months amid the spectre of a third wave of infections. Article by Nick Wilson with comment from Dirk van Vlaanderen – portfolio manager at Kagiso Asset Management. view article