Exxaro CEO suspended with immediate effect pending an investigation. Share down 4% $JSEEXX
Nombasa Tsengwa, Exxaro Resources' first female CEO, has been placed on precautionary suspension with immediate effect, pending the outcome of an independent probe into allegations related to workplace conduct and governance practice. brnw.ch/21wPbxQ
Trump has threatened a 100% tariff on BRICS, if they undermine the US Dollar. The US is South Africa's 2nd largest trading partner :
The JSE Top 40 was constituted like this on 29 December 1995 (29 years ago) :
Murray & Roberts C-Suite Execs are deserting and cutting ties, with this sinking (sunk) ship. $JSEMUR
Two Murray & Roberts board members, chair included, quit businesslive.co.za/bd/companies/i…
With Boxer's IPO the market cap of Boxer is now larger than Pick n Pay and Spar. Boxer = R28bn Spar = R27bn Pick n Pay = R22bn $JSEBOX $JSEPIK $JSESPP
Boxer opened at R63,01 $JSEBOX
Liquefied natural gas agreement with Qatar will be led by Sasol and Eskom. $JSESOL $SSL
South Africa is in talks to obtain liquefied natural gas from Qatar as the country faces a decline in supplies from neighboring Mozambique in the coming years. trib.al/1d2v2y1
Boxer ($JSEBOX) is a growth stock similar to Dischem ($JSEDCP) when it listed in 2016. Dischem ran up from R20 to the R35 but has not really gone anywhere in 7 years :
When you buy retailers, you're actually buying the local macro. Investors piling into local retailers at 20+ PEs are betting that local macro (and debt) is stable. What happens to a company like Boxer when government can no longer pay wages or social grants?
Satrix 40 : R7.74 to R77.60 in 24 years! ETF's work
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