Peter Takaendesa, Head: Equities at Mergence Investment Managers, commented on the MultiChoice Canal+ deal in this Business Times article which also dealt with the fee structure for non-executive directors and the standing down of former Chair, Imtiaz Patel. Peter said it made sense for Canal+ to continue buying up MultiChoice shares to as much as they can at a price below their formal offer of R125 and as long as their shareholding remains below 50%. The continuing pace of share purchases by Canal+ suggests they wish to complete the transaction as soon as they are able.

Sasol share price slumps amid operational challenges and global market pressures
Commenting on the retirement of longstanding Capitec CEO Gerrie Fourie and his replacement by Graham Lee, Radebe Sipamla, co-portfolio manager