Fortress lost its real estate investment trust status at the end of January and hence was unable to pay a dividend for its latest results. I spoke with Fortress CEO Steven Brown and, while its hands are tied regarding Reit status, it is doing very well with vacancies, rental reversions and the loan-to-value which is now down to 36.9% .
Bank results have been coming in strong and Standard Bank’s especially so. I spoke with Gary Booysen of Rand Swiss and he especially liked its ability to keep a lid on costs and benefit from the higher interest rates. He was buying Standard Bank shares back in October and thinks it is a bit expensive now, but weakness could offer an entry point.
Mpact had another good set of annual results and I spoke with CEO Bruce Strong. It’s managing the power crisis well and changing consumer habits are playing to its strength in innovation. We tend to think only of traditional packaging such as the boxes our online shopping arrives in. But Mpact also has new lines of innovation like paper fruit punnets, that are boosting earnings .
I chatted with Pravesh Sunker, CEO of FNB Private Wealth and RMB Private Bank, about using credit to invest. This was not in the sense of taking out a loan to buy shares, but rather about managing your debt to reduce the amount and/or the interest rate, thus freeing up cash flow every month that you can then use to invest .Old Mutual Multi-Managers’s Izak Odendaal on the US’s battle with inflation, what’s affecting the rand, commodity prices, cheap SA assets and fixing SA .
Kea Nonyana of EA Capital Markets on SA’s greylisting, the rand, political instability, load shedding and Chinese growth. .
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Prasa inquiry into board chair for moving into posh company houseAiling state passenger rail company Prasa has instituted an internal inquiry into its chairperson Leonard Ramatlakane for occupying one of its properties in Newlands, Cape Town, while his own house is being renovated. Why does Prasa own a house in Newlands at all ? 🙄 We're coming to auction that house. Mathias Mthethwa stayed at the Table Bay Hotel Waterfront CT at R50 000 a day with his security while his house was being renovated years ago . So this is an old problem
Source: TimesLIVE - 🏆 28. / 59 Read more »
Prasa will probe chair Leonard Ramatlakane’s move into swanky company homeIt is understood the board was not aware Ramatlakane was staying in the Prasa-owned house and that it was never informed as it should have been, even as a courtesy
Source: BDliveSA - 🏆 12. / 63 Read more »
Prasa inquiry into board chair for moving into posh company houseAiling state passenger rail company Prasa has instituted an internal inquiry into its chairperson Leonard Ramatlakane for occupying one of its properties in Newlands, Cape Town, while his own house is being renovated.
Source: SowetanLIVE - 🏆 13. / 63 Read more »
Prasa inquiry into board chair for moving into posh company houseAiling state passenger rail company Prasa has instituted an internal inquiry into its chairperson Leonard Ramatlakane for occupying one of its properties in Newlands, Cape Town, while his own house is being renovated.
Source: TimesLIVE - 🏆 28. / 59 Read more »
WATCH | Public enterprises ministry will 'cease to exist' when SOE holding company is formed, says RamaphosaPresident Cyril Ramaphosa said the department of public enterprises will “cease to exist” after the 2024 elections. So will the ANC. His so sure of winning It's immaterial
Source: TimesLIVE - 🏆 28. / 59 Read more »
WATCH | Public enterprises ministry will 'cease to exist' when SOE holding company is formed, says RamaphosaWATCH | Public enterprises ministry will 'cease to exist' when SOE holding company is formed, says Ramaphosa: President Cyril Ramaphosa said the department of public enterprises will “cease to exist” after the 2024 elections. Meaning by 2024 all SOE's will be in the hands of the private players so there won't be any need for the DPE to oversee them. Bloody hell! This one just wants to sell the country 😒 You could actually shut down all. Portfolios and get rid of all ministers. It makes no difference to the country. You should actually try it remove them all for a month and check how things look then.
Source: SABreakingNews - 🏆 41. / 51 Read more »