Investing
Famous Brands: Still in search of its sizzle
For investors, the appeal of Famous Brands is less about growth and more about stability and income. The group continues to generate cash despite high debt and reputational damage
Wheeling and dealing hots up
Vukile CEO Laurence Rapp's contrarian offshore move has paid off handsomely, with the value of the portfolio growing more than tenfold to R30bn
BACKSTORY: Robert Gwerenge of WesBank
Robert Gwerenge of WesBank reveals that he loves cooking, and that he does deep research before any presentation
THE FINANCE GHOST: Growth vs value
The core difference between value and growth investors comes down to their emotional reaction to valuations
A new taste for PepsiCo?
PepsiCo’s latest results were decent, and it is planning its 54th annual dividend increase in a row. But the company is looking for ways to boost its business, which has felt the effect of cost inflation and cost of living pressures
The city at Southern Sun’s centre
Southern Sun has bought a 50% stake in four landmark Sandton properties that it already leases from Liberty Group. But this does not alter the fact that almost all the hotel group’s earnings now come from Cape Town.
THE FINANCE GHOST: How could SanDisk have become a 1,500%-plus stock?
SanDisk's high share price is a reflection of an increase only in the past two quarters - the company's revenues have been flat for more than 10 years. The rise is due to the market's response to the data centre growth rate.
Lewis: Sitting pretty or rearranging deck chairs?
The jury is out on small-cap stock Lewis Group: supporters say it has rebuilt its credit book on a more sustainable footing; naysayers assert it is growing because it’s lending more, with credit accounting for roughly 68% of total revenue
When boring is exciting
At his presentation to analysts last week, Neal Froneman's successor at Sibanye-Stillwater said dealmaking was on the back burner and the market could expect more spending on PGM projects in South Africa
Choppy waters
Because the stock is so closely held, the Choppies share price is prone to see-sawing dramatically. Its key multiples imply earnings and capital efficiency expectations that sit uncomfortably with the company’s underlying economics
BACKSTORY: Graeme Wild of Sappi Southern Africa
Graeme Wild, CEO of Sappi Southern Africa, tells the FM about why he chose to study forestry
Platinum surge expected to continue
Industrial factors such as automaker restocking have pushed up metal prices, but high demand is also being driven by geopolitics.
THE FINANCE GHOST: A new era beckons at WeBuyCars
Its flexible strategy enables the company to keep up with consumer preferences as the Chinese onslaught changes the used car operating context.
Is a new day dawning for Delta?
Despite last year’s rally, the government-tenanted Reit still offers plenty of upside — provided management can offload more vacant buildings to pay down debt.
BACKSTORY: Mokebe Thulo of Aware.org
Mokebe Thulo shares her thoughts about how to change people's lives and her intention to create opportunities for youth and women through safety, equality and empowerment



























