In this article by Ann Crotty on CurrencyNews, Peter Takaendesa, CIO of Mergence Investment Managers, is sceptical of Mr Price’s R9.7bn acquisition of Germany’s NKD Group, warning it risks repeating the long history of value-destructive offshore retail deals. While he acknowledges Mr Price’s management has historically outperformed peers, he argues the problem is the chosen jurisdiction, not deal-making itself. Based on available information, Peter says there is little to distinguish NKD from past failures, though he allows there may be an unrevealed “hidden gem.” He adds that viable growth opportunities still exist in South Africa and says capital should otherwise be returned to shareholders.

MTN Irans’s woes deepen with CEO ousted over shutdown delay
Commenting on Bloomberg on MTN’s operations in Iran, Peter Takaendesa, CIO of Mergence Investment Managers, highlights that MTN’s problems in