MARC HASENFUSS: We don’t need another zero
Hell no: we need a Tina Turner-scale hero if corporate South Africa is to turn the tide on market pessimism
The days darken. A regular reader was much perplexed about the weakness in Merafe Resources, a firm favourite with small-cap punters. The company has pretty much everything going in its favour — rand weakness, a firm chrome price and decent dividend prospects. What is the market missing?
I think a gloom is setting in that is discounting even redoubtable shares that fall into the South Africa Inc category. You might finally be reassured about holding onto those Reinet shares. Then again, I look at the lack of market appreciation for Super Group and Argent Industrial, both of which have significant and profitable businesses offshore. ..
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