PSG’s share buybacks narrows the discount to NAV

PSG’s share buybacks narrows the discount to NAV

PSG management are actively trying to bridge the discount between its share price and NAV per share with an aggressive share buyback programme.Investment holding company PSG are actively trying to bridge the discount between its share price and the sum-of-the-parts (“SOTP”) value per share, otherwis

  Justin Rowe-Roberts
The JSE needs to innovate as delisting flurry continues

The JSE needs to innovate as delisting flurry continues

The number of companies on the local bourse continues to shrink in 2021, with the investment pool on the JSE becoming smaller by the day. This is, however, a global trend with the emergence of private equity and increased regulatory and governance practices required by listed companies on stock mark

  Justin Rowe-Roberts
Pick n Pay CEO steps down, successor appointed

Pick n Pay CEO steps down, successor appointed

Pick n Pay CEO, Richard Brasher, will step down from the helm of the South African retail giant after eight successful years. Brasher, who took over from Nick Badminton in 2013, has earned high praise during his tenure for turning around the fortunes of the company. Brasher took office amidst consec

  Justin Rowe-Roberts
Eskom Kusile fails, leaving South Africans without power

Eskom Kusile fails, leaving South Africans without power

A mechanical failure at Eskom's Kusile power plant along with other breakdowns will leave South Africans without power for four days.South Africans will have to deal with rolling blackouts over the next four days, thanks to failures in Eskom’s infrastructure. The debt laden state-owned entity has se

  Melani Nathan
The rollercoaster ride continues for Naspers

The rollercoaster ride continues for Naspers

JSE-listed heavyweights, Naspers and Prosus, can breathe a sigh of relief after reports emerged that US officials have decided against an investment ban on China’s e-commerce giants, Alibaba and Tencent. The tech titans have been surrounded by controversy in the past few months, having to deal with

  Justin Rowe-Roberts
UPDATED: Do or die for Rebosis with Amatolo Family Trust response

UPDATED: Do or die for Rebosis with Amatolo Family Trust response

*The article has been updated with a response from the Amatolo Family Trust and RebosisRebosis, another JSE-listed Real Estate Investment Trust (Reit) that has performed abysmally and eroded shareholder value over the past three-to-five years, continues to fight many of the demons that have plagued

  Justin Rowe-Roberts
Joburg’s Rosebank offices attract tenants; other nodes battle high vacancies

Joburg’s Rosebank offices attract tenants; other nodes battle high vacancies

The Rosebank offices continue to attract new tenants looking for a desirable location in a live-work-play environment in Johannesburg. Johannesburg’s premium Rosebank offices are sought after for their brand new buildings situated in a desirable and growing city node.Rosebank has numerous ongoing pr

  Denise Mhlanga
Faster vaccine deployment needed to save SA tourism

Faster vaccine deployment needed to save SA tourism

SA tourism is dependent on faster vaccine deployment and can only begin its recovery when we start rolling-out the vaccine programme.FEDHASA press release: FEDHASA calls on Government to fast track vaccine deployment South Africa’s competitiveness as a global tourism destination depends on perceptio

  Nadya Swart
Covid-19: SA falling behind as vaccinations roll out

Covid-19: SA falling behind as vaccinations roll out

South Africa's Covid-19 plans are vague. Calls for action are increasing as a second wave has sent the country into stricter lockdown. On December 28 South Africa’s President, Cyril Ramaphosa announced the enforcement of a more stringent Level 3 lockdown in efforts to curb the rapid spread of the Co

  Melani Nathan
SA Bitcoin trader MTI under liquidation, CEO flees

SA Bitcoin trader MTI under liquidation, CEO flees

Earlier this month, the Financial Sector Conduct Authority announced that Mirror Trading International appeared to have mislead investors on the Bitcoin trading platform. After an investigation into the firm’s operations, the authority found that the company was not licensed to provide financial ser

  Melani Nathan
Petroleum producers seek permission to coordinate operations, avoid shortages

Petroleum producers seek permission to coordinate operations, avoid shortages

Sapia has applied for exemption from the Competition Act. Petrochemicals companies want to coordinate operations to avoid critical shortages.South Africa’s petrochemicals sector has had a difficult year. Glencore’s plant in Cape Town shut down in February and the sector is facing major challenges wi

  Melani Nathan