I chatted with Charles Savage from Purple Group* on its annual results that saw Heps up 190%. Active clients in its EasyEquities group surged to 737 000 and growth has been astounding, but the key point is can the growth continue and can it add extra features to its offering that will increase revenues, and profits? Savage certainly thinks so and mentions a number of new businesses it’ll be moving into. (Read the transcript)
US inflation for the month of October came in at 6.2%, with core inflation at its highest level since 1991. I asked Carmen Mpelwane of Absa Asset Management if the transitory argument still holds water? We also spoke about the Vodacom deal as it buys parent Vodafone’s Egyptian assets. This sees the group revenue structure change fairly significantly. (Read the transcript)
For years alternative investment assets were dominated by Section 12J, but with National Treasury having ended that process I wanted to understand the space that alternative assets can have in a portfolio. I spoke with Dino Zuccollo of Westbrooke Alternative Asset Management to get an understanding of what they are and why they can play an important part in an investment portfolio. (Read the transcript)
Investors in Tencent aren’t buying the actual share; rather they’re investing via a variable interest entity (VIE) structure, and I spoke with Anil Jugmohan of Nedgroup Investments about the potential risks here. We also chatted about the common prosperity that China is pursuing and how, longer term, it may be good for the country and hence its businesses. (Read the transcript)
Also this week:
Raubex CEO Rudolf Fourie discusses the company’s financials, as its interim results show a strong return to profit.
The writer holds shares in Purple Group