The Billionaire Space Race

  Market Scorecard Some days there is very little to talk about. Other days, like today, there are many topics to cover! First off, our president reappointed Lesetja Kganyago as governor of the SARB for another five-years. The SARB is a central institution to the South African economy, so having competent leadership is important. Lesetja … Continue reading The Billionaire Space Race

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Sneaky Exchange

  Market Scorecard It was another day where our market did the opposite of global markets. For a change though the JSE All-share was higher and global markets lower. The main focus at the moment is the storm brewing between the US and the EU, particularly the UK. Then there is also Fed chair, Jay … Continue reading Sneaky Exchange

Iranian Headwind

  Market Scorecard Yesterday Nedbank released their Full Year numbers, which amongst other things showed a positive contribution from Ecobank, their West Africa subsidiary. Rewinding 12 months though, Ecobank cost the group R975 million, where, in the current financial year it gave them a profit of R375 million. As an investor it is tough to … Continue reading Iranian Headwind

Instawham!

  Market Scorecard Yesterday there were trading updates from a couple of South African mining companies; ties in nicely with the mining indaba happening in Cape Town this week. For both Impala Platinum and Anglo Gold, they have swung from being loss-making last year to making profits this year. Management of both companies have been … Continue reading Instawham!