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Browsing: Investing
Nasdaq in an article dated April 20, 2022, said the move is classed as Black economic empowerment (BEE) transaction, a government initiative to reverse ongoing economic inequalities almost three decades after the end of apartheid, encouraging companies to meet quotas in areas including Black ownership, employment, and procurement.
“This deal underpins our firm belief that real transformation is necessary to sustain business growth and serve the best interests of all South Africans,” CEO Iain Williamson said in a statement.
“Through this Old Mutual Bula Tsela Retail Scheme, we will give our people the opportunity to become (indirect) owners of the company they love and trust,” he added.
The new shares will constitute approximately 4.36 per cent of Old Mutual’s current issued share capital and 4.18 per cent of the enlarged share capital.…
Interestingly if the US$9 million which the company said it lost from the statutory surrender requirement is added back to the top-line revenue, it will take the company’s revenues for the 2021 financial year to just above US$ 24 million which would be higher than what it achieved in 2020. This policy position which the company lamented needs revision by the authorities as it is inflicting real financial harm to companies that are Zimbabwe’s biggest exporters and earners of foreign exchange.
In the 2021 financial year, Padenga Holdings Limited incurred higher interest expenses at US$ 10,138,637 which was up from US$ 6,665,084.00 the previous year. The increase in this cost category was due to leverage and borrowings which Padenga employed in rehabilitating the Eureka gold mine which is now in full production and is also responsible for the increase in group revenues.
The company enjoyed increased production from its gold …
Many years ago I used to bring small groups of troubled Britons to Uganda to help with some of the charitable construction work that we were doing deep in the rural communities in South West Uganda. The idea was that (as well as building structures for schools, water tanks, medical centres and maternity units) these failing yet entitled Europeans would learn just how lucky they were to be born in a developed country and gain an appreciation of where they ranked on the global opportunity league table. It worked in about 50% of cases and lives were transformed for which I am immensely grateful to God and the communities that we bothered!
One of the first stops after the airport in Uganda was Mulago Hospital, the National Referral Hospital, and then a place of such misery and despair that it regularly brought allegedly hard British men to tears. It was
I have been working in the investment industry for nearly 33 years. Over that time I have made a few mistakes and have had many successes. This week one of my clients, a very successful young Kampala man, told me that whilst he had made a lot of money in business he had lost a lot of money that he had invested. He asked me what advice I would give him to help him make better investments. Based on my experience here are ten “DO´s and DON´Ts” for successful investment:
- DON´T do it if you don´t fully understand it
If you don´t understand EXACTLY how an investment works then either you are being scammed or the person promoting the investment isn´t competent enough to trust with your money. If you are unsure about any aspect of the investment don´t do it!!!!
- DON´T ever invest money that you may need quickly
The idea of saving is “nice to have”, but is difficult to practice for many of us.
As we navigate the early days of the New Year, this is the perfect time to implement your long-term plan you had postponed to start saving. With accrued debts from previous year(s) and financial challenges that you could have avoided if only you saved a few coins a month, you still have the power to make the next eleven months,if not years, a success.
My relationship with finances is complex. I am still learning to work out how to manage my money in the best way possible. It has taken me several years to learn the discipline of saving when all I want to do is splurge it.
Do you wish to retire young and spend your time doing what you love, relaxing and planning for your next vacation? Is this even doable?…