(Bloomberg) — Consumers around the world are about to get socked with even higher prices on everyday items, companies from food giant Unilever Plc to lubricant maker WD-40 Co. warned this week as they grapple with supply difficulties. The maker of Dove soap and Magnum ice-cream bars jacked up prices by more than 4% on …
Think Everything’s Expensive Now? Get Ready for What’s Next Read More »
Investec has long held a position of great distinction within the South African banking fraternity. It’s had a squeaky-clean image for the most part and is often touted as a leader in the field when it comes to matters like sustainability, funding conservation efforts and environmental, social, and governance practices. So, it may have come …
Opinions of the Day: Investec: From black and white to being caught red-handed Read More »
Bitcoin’s record-breaking run this week on the back of the launch of the first US Bitcoin futures exchange-traded fund is significant for legitimising cryptocurrency long term. And an easy way in for first-time investors. But just days after launch, the fund risks becoming too popular for its own good. And while congrats are in order for those who held onto …
While you were asleep: Some Bitcoin babble for weekend table talk Read More »
The JSE was on the back foot for most of the day, ending 1.25% in the red as the latest development in the Evergrande debt saga spooked investors. The Chinese property giant’s shares plunged after it ditched talks to offload a majority stake in its property-management arm, a move that would’ve given it a liquidity …
Market wrap: JSE, rand skid as Evergrande jitters spook investors Read More »
Bitcoin ran to just under the $67 000 mark yesterday and at the time of writing it hovers just below the $65 000 mark, R939 695,35 at the current exchange rate. The cryptocurrency has seen a meteoric rise in recent times and continues to be the largest and most popular cryptocurrency out there. If you were smart …
Investec, South Africa’s bank exclusively serving well-heeled clients, has been implicated in investigations into the world’s largest tax fraud in history, investigative journalism group amaBhungane revealed. According to the report, Investec’s involvement in the alleged tax fraud laid bare in a massive leak of German prosecutors’ documents goes as far back as 2008 relating to …
While you were asleep: Investec’s stripes are under attack Read More »
Shares on the JSE showed a mixed performance, with further gains in Naspers and Prosus tilting the bourse 0.18% in the green at 66,894.79 points. An analyst report today on Seeking Alpha describing Naspers (+1.52%) as “a spawner with an impressive track record”, said the stock trades at a large discount to the company’s NAV, providing a …
Market wrap: Naspers tilts scale for JSE in mixed stock performance Read More »
South Africa has always been a strong constitutional public where the rule of law is respected and our progressive constitution the envy of the world over but what happens when law and order are given the middle finger by politically connected individuals who cower behind the guise of wrongful persecution and liken lawful arrests to …
Name changes don’t phase us. Remember when the government not so long ago changed our windy city, Port Elizabeth’s name to Gqeberha? And when Google became Alphabet? Do we even think of or ever use these names? Well, the next change may be more difficult for its billions of users. The beleaguered Facebook is set to …
While you were asleep: From name changes to a youngish queen and a spirited rand Read More »
The JSE changed course from tracking gains in global markets to end the day modestly in the red. This despite receiving a hero delivery with gains in Naspers and Prosus after German delivery app Delivery Hero, in which the duo hold a 27.4% stake, bought an 8% shareholding in grocery delivery company Gorillas. The transaction …
Market wrap: JSE reverses gains despite hero delivery from Naspers and Prosus Read More »
