The appointment of Brazilian entrepreneur Fabricio Bloisi at Naspers-Prosus has taken the market by surprise but Mergence Head of Equities, Peter Takaendesa, said he believed that the Board had balanced operational experience with improved capital allocation by appointing Bloisi and retaining the acting CEO as president.

SA stocks poised to extend golden first-half rally
South African stocks are heading for their best first-half performance in almost two decades, and precious-metal prices could pave the