Marc Hasenfuss
Editor at Large at Financial Mail
Financial journo, vinyl junkie and in constant pursuit of the perfect drop-shot
Articles
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3 days ago |
businesslive.co.za | Marc Hasenfuss
After years of being a burden on the taxpayer, the national airline goes smaller but better, with plans for sustained profitability
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1 week ago |
businesslive.co.za | Marc Hasenfuss
This is equivalent to R36bn or 37.5% of Reinet’s market value on the JSE. Shareholders would no doubt be keen to know whether this chunk of change might be mobilised for a special dividend, share buybacks or acquisition plans. But Rupert is giving nothing away. He cited the potential for continued market volatility and global instability for sticking with a “measured approach to capital deployment”.
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1 week ago |
businesslive.co.za | Marc Hasenfuss
Triple-budget bust-up may be worth it if lessons have really been learnt, but the government will have to tackle the underlying imbalance between revenue and expenditure
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2 weeks ago |
businesslive.co.za | Marc Hasenfuss
Cash is king. Everyone knows that. Then, there’s Richemont ... sitting at another level, with a right royal heap of cash on its balance sheet. The luxury brands conglomerate controlled by the Rupert family finished its financial year to end-March with more than €8bn of net cash. That’s a whopping R167bn — enough to acquire all of Harmony Gold (at the current market price) if Richemont ever wanted to move “upstream” in the luxurybusiness...
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3 weeks ago |
businesslive.co.za | Marc Hasenfuss
It’s churlish, I know, to point out that Goldrush Holdings’ share price has none of the lustre seen on gold mining shares, which have rocketed with the recent surge in bullion prices. Goldrush, fittingly, once did have a little gold mine — in the days before Covid infected and quarantined discretionary spending. The group’s investment in a well-managed portfolio of electronic bingo terminals (EBTs) and limited-payout machines (LPMs) generated reassuring cash flows and grew steadily.
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