Trim Fat, Analysts Tell Barclays Africa
Monday, August 03, 2015
Its stock fell 1.94 percent to R183.28. The JSE’s other banks all rose, pushing the banking index 1.67 percent higher.
“It was a reasonably good result in the current environment. I think it’s pretty much what the market expected,” PSG Wealth portfolio manager Adrian Cloete said.
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...