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
Investment fees, a slider and how 0.1% goes a long way

Investment fees, a slider and how 0.1% goes a long way

As the saying goes, ‘there is no such thing as a free lunch’, so when it comes to your investments, fees are another person’s lunch.And it’s the compound nature of fees that make them one of the most critical factors when choosing where to put your hard-earned money.And to highlight this graphically

  Stuart Lowman