Why a Cape Town money manager is shopping in the world's worst market
Allan Gray has started buying beaten-down Indonesian shares, beginning with an instant-noodle giant, betting that this year's brutal selloff has left real bargains on the table.
Allan Gray has started buying beaten-down Indonesian shares, beginning with an instant-noodle giant, betting that this year's brutal selloff has left real bargains on the table.
Samsung Electronics says its quarterly profit leapt roughly 19-fold to about 89.4 trillion won, likely the biggest three-month haul any tech company has ever posted, yet investors still sold.
Hyprop, the JSE-listed landlord behind malls like Canal Walk and Somerset Mall, set out to raise about R500m by selling new shares and closed with roughly R739m after demand ran hot.
After a record-setting Monday, US stocks slipped on Tuesday as a sell-off in chip shares, pricier oil and pre-earnings jitters cooled the mood.
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On 1 July 2026, Johann Rupert's Remgro took full control of Mediclinic's Southern African hospitals in an equal-value swap that handed its Swiss arm to shipping giant MSC.
Comcast-owned Sky has agreed to buy ITV's channels and its ITVX streaming service for up to £1.6 billion, betting a British broadcasting champion can stand up to Netflix, Amazon and Disney.
Tencent has sold about $1.5bn of Kuaishou in Hong Kong's biggest block trade this year to fund its AI push, a capital reshuffle that runs straight through the Tencent stake anchoring JSE giants Naspers and Prosus.
A record-low share price this week caps three brutal years of conflict, taxes and cash calls for the ruby and emerald miner, just as its long-serving chief executive prepares to leave.
From late October, Turkish Airlines lifts both its Joburg and Cape Town routes from seven to ten weekly flights, taking its total South African schedule from 14 to 20.
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Moody's has moved the city's outlook to positive, a vote of confidence in a municipality that's still dangerously close to running out of money.
The miner is selling almost its entire aluminium business to Alcoa for up to R92 billion, and Moody's has responded by putting it on watch for a downgrade.
At least 40 listed firms have shared plans this year to power themselves with renewables, and the shift is starting to reshape Eskom's role.