Pre-2020, The Foschini Group’s dividend story was one of consistency, anchored by steadily growing earnings and a solid cash flow profile. In fact, from 2011 to 2019, the payout ratio grew phenomenally from 34% all the way to 69% before Covid-19 put an end to a very return accretive party for shareholders.
Nomtha Ngumbela
Johannesburg, South Africa’s economic heartbeat and one of the most diverse metropolitans on the continent, is facing a serious water crisis. This multifaceted crisis threatens not only the future of the city and its residents, but also the financial and operational stability of the country at large.
When A2X began trading in 2017, many hailed it as the beginning of the end
for the Johannesburg Stock Exchange’s (JSE) dominance. Nearly a decade
later, the JSE continues to maintain its dominant market share in South Africa,
retaining its title as Africa’s largest stock exchange by market capitalization.
It has been a tumultuous past year for Pick n Pay, with many investors unwilling to believe a turnaround can be achieved. The odds remain against Sean Summers and his team, but after the recent successful Boxer IPO, Pick n Pay is now ungeared with ample cash reserves and can thus finally embark on this journey to recapture some of its former glory.
Mr. Sean Summers was previously the CEO of Pick ‘n Pay for 11 years after joining the company as a trainee in the 70s.
If you were to do a simple search on Google about the role of businesses in society, the dominating results would tell you (in numerous ways) that businesses function to provide goods and services to meet the demands of domestic and global communities.
The Argent Group describes its operations as a collection of investments within the manufacturing and commodity trading industries, with operations spread across South Africa, the United Kingdom, and the United States of America.
The company is a global active investment manager offering a broad range of strategies to its regionally diverse client base. Since its first institutional mandate in 1994, Ninety-One has grown its assets under management (AUM) to approximately R2.83 trillion, managed by a team of 251 investment professionals.
There are varying definitions for ‘Just Transition’ that one can find when investigating the topic. The United Nations emphasizes that, ‘no-one is left behind or pushed behind’ as the world moves to a more environmentally sustainable economy and society.
During the last quarter, the Absa Group released its interim financial results for the period ending on June 30, 2023. In this update, we found that Absa’s performance was under scrutiny when compared to their four peers.