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15 January 2021
Hello Voornaam,

Pick n Pay has hired another outsider to replace Richard Brasher when he retires in April. Brasher, a former head of UK retailer Tesco, announced his intention to retire over a year ago but agreed to see the retailer through at least part of the Covid-19 pandemic.

Read on to find out who will replace him when he retires in April, as well as Curro's latest acquisition as it grows its presence around the country. Jubilee Metals' expansion strategy is also taking shape as it expands its platinum group metals and chrome processing operations to include copper and cobalt.

Meanwhile, Remgro has announced the results of its offer to mop up the shares of minority shareholders in RCL Foods who wanted to exit the illiquid stock - and it's not as much as you would think.

Finally, with the recent surge in the value of Bitcoin - and a significant pullback earlier this week - The Finance Ghost and Moe-Knows (Mohammed Nalla) tackle the subject in the latest edition of the Magic Markets podcast series. Click here for more insight into the mysterious world of cryptocurrencies.

I hope you have a good day.

Stephen Gunnion

Managing Editor, InceConnect


The latest from Ingham Analytics

In "2020 Redux?" top trader Andrew Kinsey offers valuable insights as we head into 2021 with this note looking at currency, commodity and fixed income markets. This follows on from an Ingham Analytics note on Tuesday entitled "Saxo's outrageous predictions for 2021 and our take" which provides insightful thinking on managing risk - good strategy embraces planning for different scenarios.


Todays Latest Headlines
Pick n Pay hires new CEO as Brasher retires
Brasher will be replaced by Pieter Boone, who was identified in a global search that included internal candidates.
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Jubilee's metals strategy takes shape
The metals processing company is expanding into copper and cobalt as its PGM and chrome operations mature.
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Curro expands in the Eastern Cape
The private schools group has bought a preparatory school in Port Elizabeth, using some of the proceeds of a rights issue.
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Remgro grows RCL stake
The investment holding company extended an offer it made to one minority shareholder of the poultry and food group.
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