Anglo without De Beers? De Beers’ future seems uncertain after Anglo recently said it is looking into various options to spin off the business. Commenting on the announcement, Izak van Niekerk, portfolio manager at Mergence Investment Managers, yesterday said it was too early to say if Anglo was selling or unbundling De Beers, or a combination of the two. It largely depends on if there is a buyer out there with a good enough price to satisfy Anglo’s view of its value. Otherwise, they will unbundle to shareholders, who can then make their own decision on value.
Are the Magnificent Seven losing their shine?
The Magnificent Seven are the group of mega cap stocks – Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, Tesla – that