Media moguls' brave new world - Business Times
Gavin Wood comments on the Blackstar/Times Media Group transaction, emphasising that it is transformative for Times Media and is being led by highly-rated people.
'n Portefeulje vir 2015 - Beeld
Abdul Davids is quoted on Metair in this article which highlights certain stocks to watch in 2015.
Abil legislative push concerns investors - Moneyweb
Investors in South African banks are growing increasingly concerned over proposed legislation stripping them of some rights as creditors, fallout from the August collapse of African Bank Investments Ltd. The Banks Amendment Bill would give the administrator of a failed lender the right to sell assets and change capital structures without consulting investors, according to the document, compiled by the country’s National Treasury. If enacted, the proposal would apply any time a financial institution goes into administration. Gavin Wood comments. View article
Sappi in pilot project to make low-cost 'wonder material' - Business Day
Sappi and Edinburgh Napier University have developed a lower-cost, commercially viable way to make potential “wonder material” nanocellulose. The parties say nanocellulose has the potential to be used in a wide range of applications — from packaging and touchscreen displays, to car panels and wound care — with the potential demand for 35-million tonnes a year by 2020. The JSE-listed Sappi group will build a pilot plant to produce Cellulose NanoFibiils following a three-year partnership between researchers from Sappi and the Scottish university. Abdul Davids comments.
Tiger learns from mistakes in Nigeria - Business Day
Tiger Brands has not been put off buying businesses of scale and its rest-of-Africa strategy has been unaffected by its bad experience in Nigeria, CEO Peter Matlare says. Tiger’s acquisition of Dangote Flour Mills (DFM) in Nigeria two years ago for a “full price” has proved a major drag on the group’s earnings, with impairments and losses from Nigeria featuring prominently in Tiger’s results since. Of its initial R1.5bn investment for a majority stake in DFM, which was made to build scale in the country and serve as a platform for other opportunities, Tiger has had to write off the entire R849m premium paid for the business as well as a further R105m against the value of DFM’s assets. Victor Seanie comments.
Sasol bond showing strain of plunge in oil - Moneyweb
The price of brent crude oil has dropped 38% since the end of June to a five-year low this month. Sasol Ltd.’s bonds are signaling investor concern that debt levels of the world’s biggest maker of motor fuel-from-coal are coming under pressure amid a 38% plunge in oil this year. Abdul Davids comments. View article