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Mind the expectation gap train. Wikimedia Commons/Arz/GNU Free Documentation License; Rawpixel; Currency

Mind your market multiples

SpaceX, Anthropic, OpenAI: what the IPO class of 2026 (and their investors) should have learnt from the past 40 years of company listings

Picture: Pexels/RDNE Stock project

What US private credit stress means for local investors

Rising stress in US private credit does not translate into a domestic private credit crisis for South Africa

Investec Mr Price. Rawpixel/Currency collage

Investec vs Investec: the Mr Price deal debacle

Investec Equities has downgraded Mr Price on the deeply-disliked NKD purchase, even as the bank lauds its role in a ‘successful transaction’

Earth and satellites. SpaceX. Rawpixel/Currency collage

SpaceX: an investment option on the future

The world’s largest-ever IPO is in the works, with Elon Musk aiming for a June listing. Is the hype for this $1.75-trillion company justified?

Mr Price NKD in Germany. Rawpixel/Currency collage

Achtung! Why the market’s not cheering Mr Price’s NKD punt

Analysts remain dubious that Mr Price can magic growth out of its German acquisition after years of poor performance

Pick n Pay clothing hanger. Rawpixel/Currency collage

Pick n Pay: lost cause or basement bargain?

Another bruising trading update shows Pick n Pay bracing for more losses. Is the slump sector wide, or a uniquely Pick n Pay problem?

Thungela coal operations

Thungela vs shareholders: the thorny issue of investor rights

A court case against the coal miner may finally clarify whether shareholders have the right to insist on AGM resolutions

Gold held in storage. tvildanov / iStock / Getty Images Plus

Gold’s FOMO moment isn’t over, yet

The metal’s two-year hot streak has resulted in record-busting demand from ETF investors and central banks

Barloworld. Image by Currency News

Opposition to Barloworld’s R120 bid crumbles – finally

The holdout investor wanting more from Barloworld’s bidders has finally thrown in the towel. But can the consortium get the 90% acceptance it wants?

Barloworld

Wait, Barloworld, what?

It appears there no provision for a dividend-related deduction from the standby offer – which could cost Barloworld’s buyers a further R175m

Tulips. Bitcoin. Rawpixel/Currency collage

Inside Altvest’s mega $210m bitcoin gamble

JSE-listed minnow Altvest has taken a radical left turn, looking to raise $210m and turn itself into a bitcoin treasury play

Curro school. Supplied

Jannie Mouton’s big, beautiful buyout: behind South Africa’s largest donation

The PSG founder’s family trust has offered R7.2bn to buy out schools group Curro, possibly ending a wild 14 years on the JSE

Surfing with money. Rawpixel/Currency collage

Don’t fear the peak: new highs, old lessons

If you’re waiting for a ‘better price’ in the market, ask yourself how long you can hold your breath

Naspers votes democracy. Rawpixe/Currency collage

Naspers: share split on the way

Investors pitched up in droves to vote down the company’s pay policy. But a plan to split the shares has received a resounding ‘yes’

JSE listings.

Bourse blues: can a new plan reverse the JSE’s vanishing act? 

With only three companies set to list this year, the JSE’s future is an existential issue for local savers

Diveristy. Picture: Supplied

Investors ditch DEI policy at their peril

Trump’s anti-DEI stance has set off a chain reaction, with many high-profile US and multinational companies scrambling to retreat from their previous DEI policies

Purple Group. Picture: Currency

Purple group: where’s the market love?

A series of record-beating customer deposits has helped Purple Group post a threefold surge in half-year profit. Yet the stock remains in the doldrums

Barloworld. Image by Currency News

Barloworld CEO ‘no longer aligned’ with shareholders

Barloworld shareholder Silchester has slated the company’s board over its management of CEO Dominic Sewela’s buyout bid