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.
Rand resilience masks a fragile equilibrium
The rand’s recent resilience has surprised many, but it risks being misread. Strength in the currency over the past year
