South Africa’s weak economy and poor growth prospects have hidden the “phenomenal” potential for the shares in some locally focused companies to deliver returns for investors, according to Old Mutual Investment Group.
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A R32-billion infrastructure fund owned by Old Mutual said South Africa should start with power as it embarks on a R2.3-trillion drive to lure private investment into infrastructure over the next decade.
Promoted | IT experts from major South African companies recently shared their experiences at a TechCentral CIO Vision Roundtable on DevOps, and hosted by Micro Focus.
Business leaders are ratcheting up pressure on President Cyril Ramaphosa to re-open the economy more swiftly, warning that the devastation wreaked by a lockdown could exceed damage caused by the pandemic.
Companies and customers are being forced to explore new ways to do business, and ironically they may discover that these options are better.
South African shares may have become too cheap for investors to ignore and Old Mutual Investment Group is among money managers seeing an increasing number of attractively valued shares.
Amazon Web Services said on Wednesday that Old Mutual has struck a wide-ranging deal with the South African financial services group to shift a large portion of its IT workload to the cloud.
Two Gugulethu entrepreneurs applied on Tuesday to the court of the Commissioner of Patents in Pretoria for an interdict to stop Nedbank from using a card-blocking system they say was stolen from them.
Old Mutual warned on Monday that it will no longer insure computer equipment used for mining cryptocurrencies.
An exodus of CEOs during the economic downturn is becoming alarming, particularly as there are apparently so few ready replacements.