UPDATE: Naspers jumps 24% on Tencent sale news

UPDATE: Naspers jumps 24% on Tencent sale news

The announcement by Naspers and Prosus of its decision to start an open-ended share repurchase programme, funded by regularly selling small numbers of Tencent shares to unlock immediate value for shareholders, has been greeted with enthusiasm by investors. – Sandra LaurenceNaspers media releaseNaspe

  Editor BizNews
Bumper season for Omnia’s fertiliser business

Bumper season for Omnia’s fertiliser business

Omnia has an opportunity to expand its distribution footprint globally as the Russia-Ukraine conflict impacts the supply of key agricultural inputs and fertiliser.By Victoria AshwinThe conflict between Russia and Ukraine is having a major impact on global food security and the supply of key agricult

  Victoria Ashwin
Christo Wiese lifts the bar with Virgin Active

Christo Wiese lifts the bar with Virgin Active

By Victoria AshwinBrait is described as an investment holding company focused on driving long-term sustainable growth and value creation. With a market cap that has deteriorated 92% over the past 5 years, it’s hard to understand how the company has managed to create value for shareholders. But this

  Victoria Ashwin
The Dotcom 2.0 bubble has burst. What’s next?

The Dotcom 2.0 bubble has burst. What’s next?

Author Vitaliy Katsenelson draws parallels between the current tech sell-off and the Dotcom collapse in 1999. Innovative companies hailed in Silicon Valley will face tough times ahead in the coming months and maybe even next few years. One notable tech-focused fund, an ETF led by fund manager Cathie

  Editor BizNews
Global markets sink – navigating a bear market with Sean Peche

Global markets sink – navigating a bear market with Sean Peche

Sean Peche discusses recent global market movements with Victoria Ashwin and shares his insight into navigating the current investment landscape.Sean Peche, portfolio manager at Ranmore Global Equity Management, discusses recent global market movements with Victoria Ashwin and shares his insight int

  Victoria Ashwin
Bots threaten to derail Elon Musk’s Twitter buyout

Bots threaten to derail Elon Musk’s Twitter buyout

In what may finally be the conclusion of Elon Musk’s proposed dramatic takeover of Twitter, things took a turn for the worse. Musk initially seemed certain of his plans to take over Twitter after he secretly purchased over 9% before disclosing his stake in the social media company. He was offered a

  Ross Sinclair
How GameStop hopes to function after meme-stock rally

How GameStop hopes to function after meme-stock rally

Early in 2021, it was revealed that Melvin Capital, a New York-based hedge fund, had held a short position against the videogame retailer GameStop since 2014. Melvin Capital Believed that the retail company was on its way out due to a loss of revenue caused by Covid and the rise of gamers choosing t

  Ross Sinclair
Gold Fields in R104bn Canadian acquisition – but investors hate the deal

Gold Fields in R104bn Canadian acquisition – but investors hate the deal

South Africa has a new gold mining top dog after Gold Fields secured the $6.7bn all-share takeover of Canadian miner Yamana.Almost a decade after it hived off the bulk of its South African assets into the creation of Sibanye, venerable SA mining group Gold Fields Limited has delivered a statement of

  Alec Hogg
OrbVest seals purchase of fully-tenanted medical building in Florida, US

OrbVest seals purchase of fully-tenanted medical building in Florida, US

*This content is brought to you by OrbVestOrbVest recently sealed the purchase of another highly-desirable medical office building, Congress Executive Center (Medical 39) in Boynton Beach, Florida, in the US. The building was acquired for $12.6 million, including $1.56 million as a provision for ten

  Editor BizNews
The mind of Elon Musk – the unwoke version

The mind of Elon Musk – the unwoke version

Those indulging in the popular recent media obsession with ‘getting into the mind’ of Elon Musk have their finger on the reader’s pulse alright. But some very woke justifications for painting him as Enemy Number One for his Twitter purchase are off the chart. Like saying his growing up in apartheid

  Editor BizNews
Beware of broker fees and tax implications – Dawn Ridler

Beware of broker fees and tax implications – Dawn Ridler

If you’re an asset manager or broker, prepare to have your ego bruised and reputation tarnished. That’s because this sage advice is premised exclusively on the good of the client and in the main, if you did that, you’d be out of a job. Emphasis on ‘exclusively’, though my veteran broker keeps tellin

  Editor BizNews
PANDA pens an open letter to post-Twitter Elon Musk

PANDA pens an open letter to post-Twitter Elon Musk

The pride of many South Africans could not help but swell this week when Elon Musk, the SA-born entrepreneur and richest person on the planet, acquired Twitter. Musk allegedly plans to take the social media company private, and has said he wants Twitter to adhere more closely to the principles of fr

  Nadya Swart
What will Musk do with Twitter? A $44bn question

What will Musk do with Twitter? A $44bn question

There seems to be a conclusion in the saga of Elon Musk’s proposed purchase of social media company, Twitter. After several weeks of negotiations, Twitter’s board initially adopted a ‘poison pill’ to ensure Musk was unable to reach a controlling stake of over 15% in the company. The board has had a

  Ross Sinclair