ROLLING WITH THE PUNCHES
By Gerald Hirshon
James Harry Sutcliffe (45) should have looked a little deeper into his crystal ball in July before he accepted the job as Old Mutual Plc's CE. If he had, he might have glimpsed just how difficult forthcoming world events would make it - on top ...
By Percy Mthimkhulu
The share price of software developer Vesta Technology lost a suspicious-looking 27% two weeks before the release of its profit warning. More than 64 000 of the normally thinly traded shares changed hands within three days. These transactions were...
US BANK PLANS TO GROW IN SA
By Stuart Theobald
Mercantile has taken the first significant step in a fundamental restructuring of the bank by selling up to R500m of its asset finance book to Citibank. The deal reflects Citibank's aggressive growth strategy in SA at a time when global comp...
DIAMONDS & DOGS
By Jamie Carr
Diamond: Rainbow Rainbow shareholders might have a bit longer to wait for a pot of gold, but a 4c dividend is a welcome change from the liberal coating of guano that they have received in the past few years. The company had made a clea...
REWRITING THE RULES
By Stuart Theobald
The merger of Peoples Bank and Old Mutual Bank announced this week will set a new standard of bancassurance in SA. The marriage pulls together Perm's middle market, predominantly home loans business, with Old Mutual Bank's fledgling upper-en...
STEALING VALUE FROM HOLDERS
By Marc Hasenfuss
Are shareholders in SA really taking cognisance of the "hidden costs" of granting share options to management and employees? Peter Skerritt Only recently have concerns become audible about the (seemingly substantial) risk of earnings dilution...
HEDGING OUT THE RISK
By Marc Hasenfuss
Cadiz, the Cape-based equity derivatives research and broking specialist, is already working on putting hedges in place on share options with several leading JSE-listed companies. Peter Skerritt, a Cadiz Corporate Solutions director, and his c...
EVERYONE'S FEELING THE PAIN
By David Gleason
I have to confess to being somewhat bemused by AngloGold chairman Bobby Godsell's recently adopted position on the metal his mines produce. He has said that he no longer wants gold to be viewed as the asset of last resort - the ultimate ...
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