36ONE’s Cy Jacobs on the collapse of Archegos

36ONE’s Cy Jacobs on the collapse of Archegos

In this interview hosted by Alec Hogg on the BizNews Power Hour, 36ONE co-founder and star hedge fund manager Cy Jacobs unpacks the collapse of US-based family office Archegos Capital Management. The collapse of Archegos has taken Wall Street by storm this week, with investment banks around the glob

  Justin Rowe-Roberts
US family office defaults as investment banks bleed billions

US family office defaults as investment banks bleed billions

Swiss lender Credit Suisse and Japan’s largest investment bank, Nomura have issued statements signalling significant losses attributed to a US client. This comes after Friday’s multi-billion dollar fire-sell, where US media giants ViacomCBS and Discovery Communications fell over 27%, shedding $18bn

  Justin Rowe-Roberts
Magnus Heystek: What ever happened to Ramaphoria?

Magnus Heystek: What ever happened to Ramaphoria?

Magnus Heystek, one of SA's best financial advisors, gives his thoughts on the fundamentals underpinning SA as an investment destination.Magnus Heystek, one of South Africa’s best independent financial advisors, gives his thoughts on the fundamentals underpinning South Africa as an investment destin

  Justin Rowe-Roberts
Longing the shorts as retail traders target Steinhoff revival

Longing the shorts as retail traders target Steinhoff revival

Retail investors on WallStreetBets online forum continue to be the centre of attention, bidding up target stocks to levels that far exceed even the most optimistic valuations. The rogue retail traders have been calculated in their approach, selecting stocks with unprecedented amounts of short intere

  Justin Rowe-Roberts
Generous bid for Phumelela; Distell profit fall; AYO’s hefty fine; Massmart

Generous bid for Phumelela; Distell profit fall; AYO’s hefty fine; Massmart

By Claire Badenhorst The recently lifted alcohol ban has cost Distell dearly. The group – which owns brands like Hunter’s, Savanna, Amarula, and Durbanville Hills – saw its headline profit fall by 64% thanks to the alcohol curb, which ranged from an outright ban first introduced in March to restrict

  Claire Badenhorst
Nedbank profits fall by 70%; zero-alcohol limit by December; Bidcorp; ICA

Nedbank profits fall by 70%; zero-alcohol limit by December; Bidcorp; ICA

On Wednesday, Nedbank reported a 70% profit hit as bad-debt provisions and a slowdown in client activity hit its bottom line.By Claire Badenhorst Nedbank has reported a 70% profit hit as bad-debt provisions and a slowdown in client activity hit its bottom line. This follows the news that Nedbank CFO

  Claire Badenhorst