A good week
If you’d dared to buy R1m worth of Ellies shares last week, you’d have R2m in the bag now. Of course, pumping that amount of cash into one of the JSE’s more destructive penny stocks is only for gamblers with money to burn. However, Ellies CEO Shaun Prithivirajh appears to be putting the 41-year-old company to rights. Ellies is best known for its television aerials and LED lighting, and is now set to branch out into the home solar market. Let’s hope that, unlike with the state’s set-top box debacle, this time it gets it right.
A bad week
Here, kitty kitty! Who’s a tiger on those Twitter streets and a pussycat in the Zondo witness seat? Why, Mr Engineer Matshela Koko, otherwise known by Eskom employees as Gupta lieutenant Salim Essa’s "pet". Koko’s testimony before deputy chief justice Raymond Zondo on his role in helping swing Eskom deals the Gupta way was none too convincing, if not outright unbelievable. Koko has been implicated in at least R3.8bn of suspicious deals, but, when challenged, his fallback was classic Jacob Zuma: everyone else is lying.
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