The Green and Gold of Stocks 🏆

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Unlock the secret to building a passive income stream that can provide financial freedom.

In this edition:

Retail Therapy: Spar, Pepkor, Tiger Brands and Renergen are on the shelf this week with their revenue in the green.

PAN Africa 101: Paul gives a deep dive following his interview with Charl Botha on Stock Savvy a few weeks ago.

Monetary Policy: What is it and why did the rand get weaker?

In The News This Week 🗞

Local 🇿🇦

Renergen Limited

• Revenue +381% to R12.7 million, from R2.6 million in the prior corresponding period.

• Loss per share decreased by 28.4% to 19.86 cents per share

The Spar Group Limited

• SPAR Group +7.9% increase in turnover

• SPAR Southern Africa turnover growth +5.6%.

• SPAR Switzerland turnover -4.3%. 

• SPAR Poland turnover +4.9%.

• EPS declined between -25% and -35%.

• Loadshedding estimated additional costs of over R700 million for SPAR retailers.

Tiger Brands Limited

• Revenue +16% to R19.4 billion.

• Decline in gross margins from 29.2% to 27.0%.

• Group operating income -9% to R1.4 billion

• EPS +2% to 749 cents per share.

• The interim dividend remains unchanged at 320 cents per share.

Pepkor Holdings Limited

• Revenue +4.3% to R43.8 billion.

• Operating profit -9.8% to R5.1 billion.

• EPS -10% to 81.1 cents.

• Market share gains were achieved in key product categories.

• Avenida business in Brazil performed above expectations.

• 168 New stores were opened.

Stock Spotlight 🔦