Capitec opened 60 sites in a quarter.
Capitec opened 60 branches in a quarter — record pace, mostly township and peri-urban — while the rest of banking shrinks its footprint. The contrarian thesis behind the build-out.
Philip Ziegler
Sasol guides earnings down 18%.
Sasol warned full-year headline earnings will fall 15–21%. The shares dropped 6.2%; the bonds barely moved. What's driving the guidance, and what the two markets are telling you.
Naspers sells R12bn of Tencent to fund a buyback.
Naspers is selling ±R12bn of Tencent to fund a R10bn buyback — the eighth such trade in two years. The 40% discount logic, and why it hasn't closed.
Reserve Bank holds at 7.25%.
The MPC voted 3–2 to hold the repo rate at 7.25% — a third straight hold, fully priced in. Hawkish language, neutral substance: what Kganyago's wording signals about cuts.