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South African investors warned about market shocks

3 days ago | dailyinvestor.com | Bianke Neethling

While certain market shocks tend to build up gradually, their effects can hit hard, and South African investors have been warned not to dismiss warning signs. This is a warning from Webull Securities South Africa CEO Ricardo da Silva, who recently outlined a guide on understanding market shocks. Da Silva explained that market shocks have become a regular feature of global financial markets, with South African investors caught in the crosswinds.
South Africa’s biggest asset manager sitting with R3.15 trillion

4 days ago | dailyinvestor.com | Bianke Neethling

Ninety One revealed today that it has grown its assets under management (AUM) to £130.8 billion (R3.15 trillion) despite net outflows in its 2025 financial year. Ninety One is South Africa’s largest asset manager and is dual-listed on the JSE and the London Stock Exchange. The investment giant released its results for the year ended 31 March 2025, which showed a strong performance.
South Africa’s economy at serious risk

4 days ago | dailyinvestor.com | Bianke Neethling

While South Africa’s economic growth surprised to the upside in the first quarter of this year, without decisive policy intervention, the country risks stalling or slipping back into contraction. PPS Investments’ head of portfolio management and analytics, Mark Phillips, said South Africa’s latest GDP data underscores the need for infrastructure reform, power-sector stabilisation, and logistics efficiency.
Major South African retailer feels the pain

4 days ago | dailyinvestor.com | Bianke Neethling

Despite significant efforts made towards its turnaround plan, Spar recorded a significant loss for the first half of its 2025 financial year. Spar released its results for the 26 weeks ended 28 March 2025 on Wednesday, 4 June, which revealed a poor financial situation. The retailer’s revenue from continuing operations dropped by 1.95%, while its cost of merchandise decreased by 2.16%.
Major international trading company closing down in South Africa

4 days ago | dailyinvestor.com | Bianke Neethling

The IG Group has decided to close its commercial operations in South Africa by 28 July 2025. The IG Group is a world-leading online trading provider based in London that gives investors access to opportunities across thousands of financial markets. The company’s website states that IG Markets South Africa will no longer provide trading accounts. It clarifies that this change does not affect existing international/offshore accounts. IG has had a long-standing relationship with South Africa.
South Africa’s missed opportunity

4 days ago | dailyinvestor.com | Bianke Neethling

The United States dollar is expected to remain weak this quarter, which spells good news for South Africa’s rand. However, South Africa’s low growth environment and lacklustre economic reforms will continue to prevent the currency from reaching its fair value. Investec chief economist Annabel Bishop recently explained that the rand fluctuated around the R18.00/USD mark in the second half of last month due to US dollar weakness.
Warning about government’s higher taxes on alcohol in South Africa

5 days ago | dailyinvestor.com | Bianke Neethling

The Beer Association of South Africa (BASA) has warned that the above-inflation increase in excise taxes on beer in the 2025 Budget could further encourage the country’s illicit alcohol trade. In the final version of South Africa’s 2025 Budget, presented on 21 May, the National Treasury opted to scrap a controversial value-added tax (VAT) hike introduced in the first two budgets. This left a significant revenue gap that the Treasury needed to fill, and it turned to a combination of measures.
One gaming company losing out on South Africa’s online gambling boom

5 days ago | dailyinvestor.com | Bianke Neethling

Gaming, hotels, and entertainment group Tsogo Sun recently reported write-offs of R27 million for its online gambling business, despite the sector’s rapid growth in South Africa. Tsogo Sun is the largest casino, hotel and entertainment company in South Africa, with a market capitalisation of approximately R14 billion. It is ranked among the 80 largest companies listed on the JSE and operates 14 casino and entertainment destinations, as well as 19 hotels, throughout South Africa.
Telkom’s big Swiftnet boost

6 days ago | dailyinvestor.com | Bianke Neethling

Telkom expects a significant jump in earnings for its 2025 financial year, largely due to the sale of its masts and towers business. The telecoms giant released a trading update for the year ended 31 March 2025 on Monday, 2 June 2025. This comes after an initial trading statement released on 28 March 2025. The company explained that its earnings will jump by as much as 300% in its upcoming results, largely due to the sale of Swiftnet, its masts and towers business, in the period.
Major South African insurer on a roll

6 days ago | dailyinvestor.com | Bianke Neethling

Momentum has reported a strong performance across most business units for the nine months ended 31 March 2025. The insurance giant released a trading update for the nine-month period on Monday, 2 June 2025. This update comes after the insurer released a strong set of results for the first half of its 2025 financial year. The company explained that, in the three months following these results, it continued this positive trajectory with a solid operational performance.