Browsing: David Shapiro

News
Banks mull bids for Sassa contract

Three of South Africa’s biggest banks are considering bidding to distribute government welfare payments to more than 17m people as a contract with a unit of Net1 UEPS Technologies comes to an end after years of legal battles. The existing contract

In-depth
Naspers: the elephant in the index

With SABMiller out of the JSE Top 40, Naspers now accounts for roughly a fifth of the index – a risk for anyone tethering their savings to the index. Naspers trades on a price-earnings multiple of about 100, which is perilously close to

News
JSE plays down R98bn computer glitch

The JSE has played down an error that incorrectly represented foreign sellers of equities as net buyers of R98,1bn of local stocks. The JSE said that instead of foreigners investing a net R98,1bn in

News
Technical glitches fell JSE again

The Johannesburg Stock Exchange (JSE) was forced to “pause” market trading on Tuesday between 10.39am and roughly midday on account of problems with international links between it and its London-based trading engine. Similar problems affected the JSE on a number of occasions