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
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
The Land Bank has lost its backing from Treasury. Ascendis Health speaks on the use of Ivermax in Covid-19 cases as KZN leaders lose their battle with the virus.By Melani NathanThe Land and Agricultural Development Bank of South Africa has been battling to repay its debt since a drought caused many
By Melani Nathan South Africa faces four consecutive days of power cuts after state-owned utility Eskom Holdings reported a malfunction at one of its recently built generation plants, Kusile and other operational issues. Eskom, which supplies nearly all of the nation’s power, will cut 2,000 megawatt
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
The top financial fund manager weighs in on SA bank shares and Santam, which has been fighting a battle with clients over business interruption cover.South African investment professional Kokkie Kooyman is probably the best financial sector analyst in the world. He knows every publicly listed bank a
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
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
The AU has secured almost 300 million Covid-19 vaccine doses and this is a step toward starting to inoculate its more than 1.2 billion people.By Melani Nathan The African Union secured almost 300 million Covid-19 vaccine doses for the continent outside of the Covax programme. This is a step toward s
By Melani NathanJust over a week ago, South Africa’s President Cyril Ramaphosa moved the country from alert level 1 to level 3, due to a surge in Covid-19 infections across the country. Alcohol sales have been banned, beaches along the country’s coastline have been closed and the curfew extended. Fo
*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
SA's medical fraternity is calling for the axing of officials in Covid-19 vaccine delays as government defends its procurement processes.By Melani Nathan Leaders in South Africa’s medical fraternity have called for the axing of government officials responsible for the delay in procuring Covid-19 vac
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
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
By Melani Nathan The United Kingdom has added the AstraZeneca- Oxford Covid-19 vaccine to its arsenal in the fight against the second wave of the virus. The UK is the first country to approve the vaccine for use in a global race to beat the pandemic. The approval of the vaccine is good news for deve
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
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
South Africa is in an adjusted level 3 lockdown. Meanwhile the alcohol industry calls upon government to review the ban of alcohol sales and consumption.By Melani Nathan As of 12am on the 29th of December, South Africa is on an adjusted Level 3 lockdown to curb the second wave of the Covid-19 virus.
Global shares ticked up today as Donald Trump signed into law a $2.3trn pandemic aid and spending package he had until now refused to sign.By Melani Nathan Global shares ticked up today as US President Donald Trump signed into law a $2.3trn pandemic aid and spending package he had until now refused
Telkom announced a network freeze over the festive season, confident that it will meet demand over the holiday without expanding its network.As the year draws to a close, a second wave of the Covid-19 virus will keep many families apart during the festive season. Many foreign residents won’t be cros
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
Telkom is suing Icasa over questionable conditions of its planned spectrum auction, saying it could damage telecoms for 20 years.South Africa’s telecoms sector operators have been waiting for the planned auction of the country’s broadband spectrum. The Independent Communications Authority of South A
The SA strain of Covid-19 has reached the UK, Eskom sues Icasa to force digital migration of broadcasters and Eskom is selling property.By Melani Nathan Telkom is suing the Independent Communications Authority of South Africa (Icasa) to force the digital migration of broadcasters. Broadcasters have
Chris Yelland asks when SA's energy sector will see change. He discusses all of the hurdles regulators have set up for the industry.South Africa’s energy sector has no choice but to change. Decarbonisation is key to the country’s emissions goals. Energy expert Chris Yelland has been watching the ind