JOHANNESBURG — Capitec has found itself firmly in Viceroy Research’s crosshairs on Tuesday morning, as the bank became the prime subject of the short seller’s latest analysis. Capitec’s share price was sharply down on Tuesday before rebounding somewhat in light of the news. At the heart of Viceroy’s report is the allegation that Capitec is… Read More
JOHANNESBURG — Short seller Viceroy Research has set its sights on South African bank Capitec in its latest report, marking the latest blow for Stellenbosch. Titling the report as ‘Capitec: A Wolf in Sheep’s Clothing’, the research briefly sent the bank’s stock price spiralling on the JSE before paring losses. Viceroy Research essentially has accused Capitec… Read More
JOHANNESBURG — Much has been written about the Steinhoff scandal, but this article takes a look at the company’s fall from grace from a different angle. In Europe, companies typically go for a two-tier board structure, different to the one-tier board structure in South Africa. While the two-tier board structure targets greater accountability and tries… Read More
In an incident that recalls the “almost simultaneous” bomb threats across Russia back in September that resulted in the evacuation of 45,000 people, briefly disrupting life in Russia’s largest city, a bomb threat targeting 25 buildings in Moscow prompted mandatory evacuations of Russia’s upper house of Parliament and the city’s stock exchange, according to TASS.… Read More
Despite the fact that on Friday WYNN shares dumped over 10% on news of scandal surrounding Steve Wynn, several casino stocks are in a position to breakout and run. Everyone is bullish on the stock market as sentiment surveys show that there is now a record low number of bears. Stock sectors and individual stocks…… Read More
EDINBURGH — Hogan Lovells, a global law firm that employs about 130 lawyers in South Africa, and has a strong presence across Africa as well as Europe, the Middle East, Asia and Latin America, has been exposed as a key player in the Zuma-Gupta (Zupta) state capture scandal. Lord Peter Hain, a South Africa-born British politician,… Read More
Cape Town’s main water supply was from the Theewaterskloof dam outside Grabouw… But amid its worst drought in more than 100 years… Cape Town’s date with destiny as the world’s first major city to run dry, looms. With the so-called “Day Zero” less than 3 months away, security forces have been drafted to guard water-collection… Read More
It is safe to say that one of the most popular, and important, charts of 2017, was the one showing the ongoing and projected decline across central bank assets, which from a record expansion of over $2 trillion in early 2017 is expected to turn negative by mid 2019. This is shown on both a… Read More
Mark Zuckerberg through his investment fund Iconiq has just invested big into ChromaDex (CDXC) the maker of an Anti-Aging product Tru Niagen with sales beginning to explode as word about its benefits go viral! Other billionaires are also investing big into CDXC including Li Ka-shing, Hong Kong’s wealthiest person! Apparently, they are all taking Tru Niagen themselves and… Read More
They call them “deepfakes.” It’s the term for pornography made using artificial intelligence-assisted technology to superimpose a person’s face on another performer’s body – essentially allowing the producer to create fake porn featuring celebrities, politicians or even average every people. In a report published Wednesday, Motherboard recounted how they discovered a user on Reddit responsible… Read More
London-based Saffer Dawid Krige, the man behind Cederberg Capital, ranks in the top 1% of all money funds on earth. This is a BizNews Premium article. Please login or sign up for a free 1-month trial. If you just want to view this article, get 24 hour access for £0.99. Source: biznews.com
EDINBURGH — South African asset managers like Coronation, Sanlam and Foord were so blinded by the hero-like status of retail tycoon Christo Wiese and his right-hand man Markus Jooste that they failed to spot signs of trouble at Steinhoff. Instead of reducing exposure to Steinhoff on behalf of their unit trust and other investors, these… Read More
JOHANNESBURG — Former Finance Minister Pravin Gordhan famously coined the phrase ‘Join the dots’, when referring to the Gupta family’s involvement in State Capture. And below former CNN International and 94.7 sportscaster Graeme Joffe does just this. He weaves together a piece that exposes what he calls South Africa’s sports mafia. And in it he implicates… Read More
This post Matt Badiali’s Freedom Checks Exposed! appeared first on Daily Reckoning. Investment expert Matt Badiali recently released a viral video called “Freedom Checks” that has many scratching their heads, wondering what these investments are exactly. In the video, now viewed by millions of Americans, Matt says these “freedom checks” are not a government program… Read More
Authored by Andrew Korybko via Oriental Review, The question should be rephrased to whether there’s such a thing as a “shithole” period, and yes, there is, but the stereotypical “Third World” socio-economic and physical conditions that the word often embodies are also widely present in parts of the US. Another day, another Trump controversy, and… Read More
Authored by Lance Roberts via RealInvestmentAdvice.com, Yesterday, as I was researching the data on the Fed’s balance sheet as it relates to the future direction of interest rates, I stumbled across an interesting piece of analysis. The chart below shows the deviation of the market from the underlying liquidity provided by the Fed’s balance sheet.… Read More
The last time we checked in on Steinhoff – the scandal-plagued South African retailer laid low by an accounting scandal and which many have called the next Enron – the company admitted that its lines of credit were being withdrawn or suspended, while the company’s largest shareholder and former Chairman, Christo Wiese, was caught in a… Read More
GOLD PRICES rose back above $1320 per ounce versus the falling Dollar in London’s wholesale trade on Friday, heading for the highest weekly close in 16 after new data said the United States added far fewer jobs than analysts expected last month. The official non-farm payrolls estimate also put average annual wage growth in… Read More
Ben la Grange. EDINBURGH — Ben la Grange is one of the best paid retail bosses in South Africa. The Chartered Accountant was paid R50m in 2017 for serving as Chief Executive Officer of Steinhoff Africa Retail (Star). To put that figure into perspective, Mr Price CEO Stuart Bird reportedly earned just over R15m last year,… Read More
On Thursday afternoon at 3PMEST, NIA announced QIWI PLC (QIWI) at $13.98 per share as its #1 stock suggestion for 2018, while also announcing the QIWI February 2018 $15 call options at $1 as its #1 options suggestion for 2018! On Thursday following NIA’s announcement, QIWI traded 1.3 million shares in a single hour while gaining $1.24… Read More