Is Naspers FINALLY done burning through cash?
The Financial Mail cover story this week features Naspers in depth. It should be possible for the e-commerce to grow profits, Mergence Head: Equities, Peter Takaedesa spoke to Ann Crotty, citing three reasons for optimism.
Prosus prepares for PayU listing in second half of 2024
Will Prosus list in India? Mergence Head: Equities says that market conditions for this look favourable and that valutions still look favourable in the Indian market for a number of stocks.
The real cost of Transnet
In the News24 Business Brief newsletter, Mergence CIO, Brad Preston, quantifies how Transnet’s dysfunction has led to the loss of certain exports.
The cost of Transnet’s underperformance
With the news this morning of a R47bn guarantee by the National Treasury to Transnet in support of its recovery plan, we look at some of the impacts of Transnet’s underperformance on SA’s export capability. In the recent Transnet Recovery Plan presentation, the company shows just how severe the decline in rail volumes has been […]
We will be ready – Takealot owner Naspers prepares for battle against Amazon
Commenting on the results of Naspers and its Prosus subsidiary released yesterday, Mergence Head of Equities, Peter Takaendesa said that there should be better earnings and cashflow growth prospects for Prosus following the recovering Tencent earnings and loss reduction in the e-commerce assets.
‘Tis the season to be rallying?
This week my kids put up our Christmas tree and decorations, which means it is beginning to look a lot like the time of year that every second fund manager writes an article about the potential for a Santa Rally into year end. So I thought I’d get mine out of the way. The Santa […]
Harith-Mergence deal gets CompCom blessing
The Competition Commission has approved the transaction whereby Harith General Partners has acquired a 46% stake in Mergence Investment Managers. The deal will allow a shared focus on strategic infrastructure investments to stimulate African economic growth, and positions the merged entity as a formidable diversified black-owned financial services player.
Competition Tribunal grants MTN and Rain leave to participate in Vodacom-BVI merger
Following the news that the Competition Tribunal has granted both MTN and Rain leave to intervene in the pending merger hearing between Vodacom and Maziv, Mergence’s Peter Takaendesa, Head: Equities gave extensive comment to Business Report, including that future competition between fibre and 5G mobile data connectivity appeared to be one of the key focus […]
Reporting Inflation
Global markets have been focused on inflation over the past two years, but over the past decade, another type of inflation has quietly been consuming the hours of financial analysts and investor relations teams alike. We illustrate this by counting the number of pages in the Standard Bank Annual Reporting Suite from 2015 to 2022. […]
Investec ups dividend 15% after boost from higher interest rates and corporate loan demand
Investec results perform on the upside. Read this comment by Mergence Investment Managers banking analyst, Radebe Sipamla.
Sibanye-Stillwater’s shares drop after it buys metals recycler Reldan for R3bn on its journey towards net zero
Sibanye-Stillwater has acquired US-based metals recycler Reldan Group of Companies. What does this mean for the counter which dropped on the news? Malose Mamashela, Investment Analyst at Mergence Investment Managers, says the deal aligns with Sibanye-Stillwater’s strategic positioning into green or future-facing metals, although there are several headwinds.
Good employer = Good stock?
Are the best companies to work for the best stocks to buy? There is quite robust academic literature that shows that companies that are rated as good companies to work for or show evidence of high employee satisfaction tend to outperform. The chart below shows the outperformance of the companies in the Forbes Best Companies […]
