4) TFG bought 381 Jet stores from Edcon for R480m.
5) Capitec entered into a partnership with SA Home Loans to offer home loans.
6) Food Lover’s Market has started closing outlets in Zambia.
Below are some of the most interesting business stories I came across in 2020.
P. S The list is not exhaustive.
1) PSG unbundled it's 28.1% ownership of Capitec.
2) MTN sold a minority stake in Jumia Technologies for R2.3-billion.
4) TFG bought 381 Jet stores from Edcon for R480m.
5) Capitec entered into a partnership with SA Home Loans to offer home loans.
6) Food Lover’s Market has started closing outlets in Zambia.
8) Sasol agreed to sell its 50% stake in Gemini for R6.2bn.
10) The Competition Commission approved Nimble Fund 1’s intention to acquire Edcon Book Debts.
11) Greg Maloka has decided to resign from Kaya.
Ninety One will maintain control and oversight of the portfolio, while Ethos will manage the assets
13) Bidvest Wits sold to TTM
15) Former owners of Mpumalanga Black Aces Mario Morfou and his brother George have purchased the Carousel casino licence from Sun International.
Tsholofelo Molefe has been appointed as CFO of MTN
17) Famous Brands sold their controlling stake in Tashas back to its founders
19) Growthpoint Properties has managed to raise R4.3bn in new capital through an oversubscribed placement.
The capital raised will go towards reducing leverage.
Pepkor has also sold the Building Company which houses brands such as Timbercity and Cachet to Cashbuild for R1.1bn.
This will be a different ball game for Studio88 as their focus has always being focused on footwear through Studio88, Side Step and Skipper Bar.
John Craig focuses on formal clothing for men.
24) The UIF has appointed 7 auditing and forensic firms to "follow the money" for all Covid-19 TERS payments.
The estimated cost of this exercise is R900m
https://t.co/qXbXwyU9MI
Zimborders Mauritiushas a 17.5-year concession to design, build and operate the public-private partnership project, with the possibility of a five-year extension.
— Madima (@MaanoMadima) November 30, 2020
This is one of Africa\u2019s busiest land border crossings and there is serious money to be made from this.
28) Tiger Brands has sold its value added meat business to Country Bird Holdings for R300m.
The 49.9% is less than 5% of the market cap of WeBuyCars.
32) Pearson disposed its interest in Pearson Institute of Higher Education in South Africa to a consortium of Stellenbosch Graduate Institute and EXEO Capital.
Woolworth has written off more than R11bn of its R21.4bn investment in DJ since acquiring it in 2014.
PSG has said that it would support Curro's rights issue that it wants to undertake. PSG has now committed R1.15bn of the R1.5bn rights offer Curro had proposed.
Ancilla Capital has acquired 19.47% while Zolospan and Nkholi Consolidated Investments have purchased 23.01% and 5.79% stakes, respectively of Zarclear’s shares.
The relationship between Sanlam and African Rainbow Capital \U0001f440
— Madima (@MaanoMadima) December 19, 2020
Sanlam has announced that it intends to acquire a 25% non-controlling minority shareholding in African Rainbow Capital Financial Services which will subsequently create a new subsidiary ARC Financial Services Sub Co. https://t.co/AKiYpjuH7P
More from Business
Introducing "The Balloon Effect"
Many businesses & creators have experienced a similar pattern of success.
From @MrBeastYT and @MorningBrew to @oatly and @Rovio.
Let's break down what "The Balloon Effect" is and examples of it in real life.
Keep reading 👇
1/ What is "The Balloon Effect"?
It is a particular pattern of growth.
It is not Instagram's growth trajectory.
It is not https://t.co/5axsTUKek6's growth trajectory.
"The Balloon Effect" is defined by several years of hard work & grit complemented by slow, linear growth.
2/ And then one day, one month, or one quarter...everything changes.
A business hits a tipping point and its trajectory shifts entirely.
Gradual growth turns to exponential growth & your brand and your size explode.
Like a step function.
3/ Now, you're probably wondering.
Why is it called "The Balloon Effect"?
Because filling/popping a water balloon follows the exact pattern I just described (and so many businesses experience).
Long unsexy slog 👉 Exponential tipping point.
4/ Initially, you turn on the faucet & water takes up space in the empty balloon.
Through effort you open the faucet, yet the results are unexciting.
But it's what must be done for water (or growth) to happen at all.
It's not sexy, but it's necessary.
Many businesses & creators have experienced a similar pattern of success.
From @MrBeastYT and @MorningBrew to @oatly and @Rovio.
Let's break down what "The Balloon Effect" is and examples of it in real life.
Keep reading 👇
1/ What is "The Balloon Effect"?
It is a particular pattern of growth.
It is not Instagram's growth trajectory.
It is not https://t.co/5axsTUKek6's growth trajectory.
"The Balloon Effect" is defined by several years of hard work & grit complemented by slow, linear growth.
2/ And then one day, one month, or one quarter...everything changes.
A business hits a tipping point and its trajectory shifts entirely.
Gradual growth turns to exponential growth & your brand and your size explode.
Like a step function.
3/ Now, you're probably wondering.
Why is it called "The Balloon Effect"?
Because filling/popping a water balloon follows the exact pattern I just described (and so many businesses experience).
Long unsexy slog 👉 Exponential tipping point.
4/ Initially, you turn on the faucet & water takes up space in the empty balloon.
Through effort you open the faucet, yet the results are unexciting.
But it's what must be done for water (or growth) to happen at all.
It's not sexy, but it's necessary.
You May Also Like
A THREAD ON @SarangSood
Decoded his way of analysis/logics for everyone to easily understand.
Have covered:
1. Analysis of volatility, how to foresee/signs.
2. Workbook
3. When to sell options
4. Diff category of days
5. How movement of option prices tell us what will happen
1. Keeps following volatility super closely.
Makes 7-8 different strategies to give him a sense of what's going on.
Whichever gives highest profit he trades in.
2. Theta falls when market moves.
Falls where market is headed towards not on our original position.
3. If you're an options seller then sell only when volatility is dropping, there is a high probability of you making the right trade and getting profit as a result
He believes in a market operator, if market mover sells volatility Sarang Sir joins him.
4. Theta decay vs Fall in vega
Sell when Vega is falling rather than for theta decay. You won't be trapped and higher probability of making profit.
Decoded his way of analysis/logics for everyone to easily understand.
Have covered:
1. Analysis of volatility, how to foresee/signs.
2. Workbook
3. When to sell options
4. Diff category of days
5. How movement of option prices tell us what will happen
1. Keeps following volatility super closely.
Makes 7-8 different strategies to give him a sense of what's going on.
Whichever gives highest profit he trades in.
I am quite different from your style. I follow the market's volatility very closely. I have mock positions in 7-8 different strategies which allows me to stay connected. Whichever gives best profit is usually the one i trade in.
— Sarang Sood (@SarangSood) August 13, 2019
2. Theta falls when market moves.
Falls where market is headed towards not on our original position.
Anilji most of the time these days Theta only falls when market moves. So the Theta actually falls where market has moved to, not where our position was in the first place. By shifting we can come close to capturing the Theta fall but not always.
— Sarang Sood (@SarangSood) June 24, 2019
3. If you're an options seller then sell only when volatility is dropping, there is a high probability of you making the right trade and getting profit as a result
He believes in a market operator, if market mover sells volatility Sarang Sir joins him.
This week has been great so far. The main aim is to be in the right side of the volatility, rest the market will reward.
— Sarang Sood (@SarangSood) July 3, 2019
4. Theta decay vs Fall in vega
Sell when Vega is falling rather than for theta decay. You won't be trapped and higher probability of making profit.
There is a difference between theta decay & fall in vega. Decay is certain but there is no guaranteed profit as delta moves can increase cost. Fall in vega on the other hand is backed by a powerful force that sells options and gives handsome returns. Our job is to identify them.
— Sarang Sood (@SarangSood) February 12, 2020
The entire discussion around Facebook’s disclosures of what happened in 2016 is very frustrating. No exec stopped any investigations, but there were a lot of heated discussions about what to publish and when.
In the spring and summer of 2016, as reported by the Times, activity we traced to GRU was reported to the FBI. This was the standard model of interaction companies used for nation-state attacks against likely US targeted.
In the Spring of 2017, after a deep dive into the Fake News phenomena, the security team wanted to publish an update that covered what we had learned. At this point, we didn’t have any advertising content or the big IRA cluster, but we did know about the GRU model.
This report when through dozens of edits as different equities were represented. I did not have any meetings with Sheryl on the paper, but I can’t speak to whether she was in the loop with my higher-ups.
In the end, the difficult question of attribution was settled by us pointing to the DNI report instead of saying Russia or GRU directly. In my pre-briefs with members of Congress, I made it clear that we believed this action was GRU.
The story doesn\u2019t say you were told not to... it says you did so without approval and they tried to obfuscate what you found. Is that true?
— Sarah Frier (@sarahfrier) November 15, 2018
In the spring and summer of 2016, as reported by the Times, activity we traced to GRU was reported to the FBI. This was the standard model of interaction companies used for nation-state attacks against likely US targeted.
In the Spring of 2017, after a deep dive into the Fake News phenomena, the security team wanted to publish an update that covered what we had learned. At this point, we didn’t have any advertising content or the big IRA cluster, but we did know about the GRU model.
This report when through dozens of edits as different equities were represented. I did not have any meetings with Sheryl on the paper, but I can’t speak to whether she was in the loop with my higher-ups.
In the end, the difficult question of attribution was settled by us pointing to the DNI report instead of saying Russia or GRU directly. In my pre-briefs with members of Congress, I made it clear that we believed this action was GRU.
