The large story this week was the collapse within the share costs of Naspers and Prosus, adopted by an enormous 20% transfer larger on Friday. The bounce was on experiences that the Chinese language authorities would cease hitting out at listed tech shares. However impartial analyst Jimmy Moyaha is sceptical, stating China’s observe document and the truth that phrases are simple, however actions are what issues.
Absa launched annual outcomes on Monday making it the final of the large 4. Total, we’ve seen good numbers from the banks, and I spoke with PwC’s Francois Prinsloo on the state of the sector. The bottom they reported on was decrease because of the pandemic. Even so they continue to be in strong well being, with glorious capital adequacy and impairments again to the long-term development. (Read transcript)
Grindrod is seeing booming exercise within the Maputo Port. CEO Andrew Waller factors out that with commodity costs surging, Maputo has change into much more necessary as a path to marketplace for Southern African commodity miners. He’s additionally quietly assured that Transnet is beginning to get again on observe for inside motion of freight. (Read transcript)
I spoke with Peregrine Capital CEO Jacques Conradie on its hedge fund, which is the primary in SA to return 100x since inception 23 years in the past. I requested about its funding course of, holding shoppers glad when instances get powerful and what they’re liking proper now as inflation rears its head.
Additionally this week:
Fortress Reit CEO Steven Brown on traits and shifts in logistics and retail actual property (Read transcript)
PSG Previous Oak Schalk Louw on holdcos and why Naspers mustn’t nonetheless be holding Prosus (Read transcript)