Speculation about giant Namibian oil fund triggers rally in HCI | Fin24

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Speculation about giant Namibian oil fund triggers rally in HCI | Fin24
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Speculation on the value and size of a Namibian oil find in which Hosken Consolidated Investments' has an indirect investment saw its share price rocket last week.

The oil find is 290km off the coast of Namibia.Speculation on the value and size of a Namibian oil find in which Hosken Consolidated Investments' has an indirect investment saw its share price rocket last week.

The black empowerment investment holding company's share price opened last week at R146, climbing to close to R174 on Thursday. On Friday it retreated to R148.56 - still ending the week 20% higher.Subscribe to News24 for just R75 per month to read all our investigative and in-depth journalism. You can cancel any time.

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