New ETF provides maximum exposure to foreign stocks via the JSE
Satrix, the South Africa’s largest passive investment manager, has launched a new ETF that provides investors with exposure to locally listed shares while focusing on global firms. The new Satrix JSE Global Equity ETF Index tracks the recently introduced FTSE/JSE Global Investor Index, which focuses on the JSE’s top 50 companies by market capitalization. Kingsley […]
MultiChoice Rejects Canal+ Acquisition Offer, Cites Undervaluation
Africa’s leading pay TV company , MultiChoice, has officially rejected Canal+’s non-binding acquisition offer, deeming the proposed cash consideration of R105 per share significantly undervalued. The offer, a 40% premium to MultiChoice’s closing share price on January 31, was presented by Canal+ in a letter submitted to MultiChoice’s board last week. In response to Canal+’s proposal, […]
SA will be dealt a hard blow if ArcelorMittal closes its plants
In a seismic announcement made in November 2023, ArcelorMittal SA declared its intention to shut down its plants producing long steel products by the end of January 2024. This decision has triggered a wave of concern and discontent among manufacturers heavily reliant on specific steel grades, raising fears of a potential crisis in South Africa’s […]
Pepkor’s sales up 7.2% in Christmas quarter
South African retail group Pepkor has continued to demonstrate its resilience and customer-centric approach in the face of a challenging macroeconomic environment and ongoing disruptions. Pepkor’s Q1FY24 results reveal a commendable 7.2% increase in group revenue from continuing operations, reaching R26.0 billion. The success is attributed to the popularity of Pepkor’s discount and value brands, […]
Absa expanding to China
Absa Group announced on 31 January the physical expansion into the People’s Republic of China, which includes the establishment of a new non-banking subsidiary in Beijing. The non-banking subsidiary is officially operational, with a formal opening event in Beijing slated for May 8, 2024. Absa Group today highlighted the continued growth of its international footprint, […]
Do Fairvest’s financials link with the current rise in its share price?
Fairvest has enjoyed a 10% stock price climb in the past three months. However, analysts at Simply Wall Street dug deeper into a company’s financial health beyond short-term trends. They turned their analytical lens to Fairvest’s Return on Equity (ROE), a key metric revealing its ability to generate profit from shareholder investments. Think of ROE […]
Investec enjoys strong support from institutional investors
The actions made by Investec Group’s major shareholders, particularly institutional investors, might have a considerable influence on the stock price. These entities, which jointly own more than 50% of the company’s stock, exert tremendous power. While the institutional presence might be comforting owing to access to significant research and resources, it also increases the possibility […]
Dis-Chem founders sell head office to group for R500 million
Dis-Chem’s founders and directors sold the company’s head office and distribution center for nearly R500 million. This resolves concerns about related-party leases, where the company paid rent to entities linked to the founders. The founders previously sold most of their shares but remain significant shareholders. While this deal eliminates rent paid to founders for core […]
Strong holiday season boosts Clicks’ sales
Clicks pharmacy saw a festive season boom with a 12% sales jump across their stores, thanks to strong demand for beauty products and essentials, even setting record daily sales on Christmas Eve. Their new beauty salon chain Sorbet also thrived, while other parts of the business saw some dips due to strategic adjustments.. Read the […]
PPC restructures executive team as it seeks to boost profitability
PPC, a JSE-listed cement and construction materials company, has restructured its executive committee to enhance profitability and ensure a sustainable return on capital for its South African business. The reorganized committee includes key roles such as Chief Operating Officer (COO), Chief Revenue Officer (CRO), and Chief Strategy Officer (CSO). This restructuring aims to drive growth, […]