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Suren is an award-winning business journalist, deputy editor of Moneyweb and host of the Property Pod. He has a keen interest in covering the property, retail, state-owned enterprises and tourism sectors.
UPDATE
4

LIVE ARCHIVE: Reserve Bank raises repo rate to 3.75%

18 Nov 2021 /  Suren Naidoo
On concerns of higher inflation.
2

Fuel inflation the biggest risk in Sarb’s repo rate decision

18 Nov 2021 /  Suren Naidoo
Announcement by Reserve Bank governor Lesetja Kganyago arguably the most anticipated one this year.
1

Spar slides over 7% on weak full-year performance

18 Nov 2021 /  Suren Naidoo
Reports turnover growth of 2.9% to R127.9bn but operating profit drops 1.5% to R3.4bn.
UPDATE

Tongaat Hulett tanks over 20% after announcing plans for a capital raise

17 Nov 2021 /  Suren Naidoo
Linked to Mauritian-based Magister Investments Limited.

Stor-Age’s share price spikes on stronger results

17 Nov 2021 /  Suren Naidoo
Niche property counter continues to defy market conditions.
1

JSE breaks through 70 000 points – highest level ever

15 Nov 2021 /  Suren Naidoo
As Richemont and Shoprite hit 52-week highs.
UPDATE

Vodacom adds 6.2m customers across the group

15 Nov 2021 /  Suren Naidoo
Of which around 1.1m were new data customers in home-base South Africa.
1

No ‘BIG’ announcement in the mini budget

12 Nov 2021 /  Suren Naidoo
But Godongwana’s tone hints at his hesitancy to commit to an income grant in the longer term.

Godongwana commits to fiscal consolidation

11 Nov 2021 /  Suren Naidoo
Following a record budget deficit of 10% of GDP in 2020, SA’s consolidated budget deficit is expected to narrow to 7.8% in 2021/22 and to 4.9% of GDP in 2024/25.

Treasury forecasts 2021 GDP growth of 5.1%

11 Nov 2021 /  Suren Naidoo
Marginally lower than the Reserve Bank’s forecast in September.

Northam outfoxes Impala Platinum with R17bn Royal Bafokeng deal

9 Nov 2021 /  Suren Naidoo
Transaction will see it secure around a 33% stake in its smaller JSE-listed platinum group metals (PGM) miner.

Redefine rallies almost 14% to a 20-month high

9 Nov 2021 /  Suren Naidoo
Following the announcement of its takeover offer for Polish property counter EPP.

South Africa ‘a pioneer in estate living’

9 Nov 2021 /  Suren Naidoo
‘Estates have been big in SA for quite a long time – since the early 1990s – whereas in places like the UAE and New Zealand and other parts of the world they’ve started to take off only in the last five years or so,’ says Andrew Amoils, wealth analyst at New World Wealth.
UPDATE

Redefine returns to paying dividends and makes a surprise offer for EPP

8 Nov 2021 /  Suren Naidoo
Share price surges over 10% on the news.
UPDATE

Dis-Chem resumes interim dividend

3 Nov 2021 /  Suren Naidoo
After withholding its 2020 half-year dividend in the wake of Covid-19 and due to acquisitions like that of Baby City.
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