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Prosus hopes to close discount to NAV with $5bn share buyback
2 November 2020
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02 November 2020
Peter Takaendesa, the head of equities at Mergence Investment Managers, said the wider discounts at which Naspers (more than 50 percent) and Prosus were trading compared with the market value of their underlying investments and high valuations of assets in markets they had been looking for acquisitions made share buybacks more attractive than pursuing acquisitive growth.
Canal doubles its Multichoice stake
30 October 2020
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30 October 2020
“Peter Takaendesa, head of equities at Mergence Investment Managers in Cape Town, said there was focus on Canal + to become and influential minority shareholder…”
Standard Bank goes ‘customer-centric’ in executive revamp
29 October 2020
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29 October 2020
“Standard Bank’s biggest criticism in recent years is its net-promoter has been low, so it is probably trying to be more customer-centric,” Nolwandle Mthombeni, an analyst at Mergence Investment Managers, said.
Retail Engage announced as finalist in the 2020 DMA Assegai Awards
20 October 2020
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20 October 2020
Retail Engage has been announced as a finalist in the 2020 DMA Assegai Awards in two categories – Integrated Direct Marketing Campaigns and CRM Programmes.
