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What should I do with my Welkom Yizani shares? That is the question posed by many investors in the Naspers/Media24 BBBEE scheme which has so far caused pain to more than 100 000 participants. The most logical thing to do is to hold on.
Discovery Group says the stability of its customer numbers has been “remarkable” as few people downgraded or cancelled their medical aid cover despite the rising cost of living.
Deep mistrust between negotiators from both MTN and Telkom scuppered an acquisition deal that would have created the largest mobile network operator in the country.
Technology investment group Prosus, owned by Naspers, has put a pause on large acquisitions as valuations have become high due to increasing interest rates and will focus on investing in its existing loss-making digital businesses to make them profitable.