Simon’s weekly wrap: Good money is made from brave decisions

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Simon’s weekly wrap: Good money is made from brave decisions
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The Prosus discount to Hong Kong-listed Tencent hit 60% last Friday. Wayne McCurrie of FNB comments that good money is made from brave decisions and that buying Prosus could be just that sort of decision.

I chatted with Zwelakhe Mnguni of Benguela Global Fund Managers about MTN’s excellent annual results that also saw a strong 300c dividend. We also touched on Aspen and while its interim results were not much to write home about, its debt burden has almost disappeared – after peaking at over R50 billion. The question is will it now start doing deals again?

On Friday, March 18, the BHP Group weighting in the JSE Top 40 index will drop from around 13% to some 2%. I spoke with Graeme Körner of Körner Perspective on how this complicates indices as benchmarks, with other examples that effectively reduce the index’s actual use as a benchmark. GDP data for the fourth quarter of 2021, released on Tuesday, showed a good bounce back for 2021, but we’re still below pre-pandemic levels. I spoke with Statistics SA economic statistics’ DDG Joe de Beer about the data and also dug into some of the details .

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