Daily Market Blog: There are no Tigers in Nigeria


"The fact of the matter is that the company made a significant investment mistake in Nigeria, the only good news for shareholders is that this is now history, a bad chapter in their history. And ours as shareholders, we have a right to be peeved to a certain extent."

To market to market to buy a fat pig. With the US markets closed yesterday for a celebration of family and collectiveness, thanksgiving, our markets were bound to be quiet. We did rally during the course of the day, up 0.61 percent on the Jozi all share by the close of trade. Resource stocks were mixed, some heavyweights at the top of the leaderboard, South32, Glencore, Amplats and Anglo themselves, BHP Billiton right at the opposite end of the spectrum, the news of the dam burst at Samarco gets worse. The UN suggested that a high level of toxic waste has been found in the waste that spilled from the dam, both metals and chemicals. With hundreds of kilometres of water impacted by the spills, the cleanup costs and fines for BHP Billiton could be less than not disconnecting unregistered sims in Nigeria run into the billions. That was cheeky.


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Stocks which we currently recommend

Amazon.com is the world's leading online retailer.

Amgen is a biotech company focussed on blood and cancer therapies.

Apple is the global leader in tablet and smartphone technology.

Aspen is a rising global star in the pharmaceutical industry.

Brait owns fashion, retail and health club assets.

Bidvest is a diversified services company, which may re-organise its portfolio.

Cerner provides IT solutions in the healthcare industry.

Cisco is a global leader in routing and switching equipment.

City Lodge is a mid-priced hotel group in urban areas of Africa.

Curro is an independent education provider in South Africa.

Discovery is a technology-driven healthcare administrator and life insurer.

Facebook is the dominant global social media platform.

Famous Brands is SA's largest quick-service restaurant group.

General Electric makes power stations, aircraft engines and CAT scanners.

Google is the world's biggest search engine and online advertising platform.

Holdsport is a sporting and leisure goods retailer.

Johnson & Johnson is the world's largest consumer health and pharma company.

L'Oreal is a world leader in the manufacturing and sale of beauty products.

Luxottica is the world's largest branded sunglass maker and retailer.

Mr. Price is a fast fashion apparel and home retailer.

MTN Group is an emerging markets mobile telecoms giant.

Monsanto is a provider of agricultural products for farmers.

Mediclinic owns hospitals in SA, the UAE, the UK and Switzerland.

Naspers owns digital TV, internet, gaming and ecommerce businesses.

Nestle is a leading global food and beverages manufacturer.

Nike is a designer and retailer of running shoes and other sporting equipment.

Priceline is the biggest online travel booking service in the world.

Richemont owns the finest luxury brands like Cartier and Van Cleef & Arpels.

Starbucks is a roaster and retailer of coffee and fantastic foods.

Steinhoff owns Conforama and Pepkor.

Stryker makes hip and knee joint replacements and hospital beds.

Tesla is the world leader in electric vehicles and batteries.

Tiger Brands is a basic and branded food producer, expanding through Africa.

Under Armour is a fast growing sports apparel company.

Visa is a global payments technology company.

Vodacom is a South Africa-based communications provider.

Wells Fargo is the biggest retail and commercial bank in the USA.

Woolworths the leading organic food & clothing retailer in the Southern Hemisphere.

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