Daily Market Blog: Fee-fi-fo-fum, FIFA smells fishy

28-MAY-15

"If FIFA is truly a non for profit organisation, surely the proceeds from tournaments and sponsorships should be used for football development globally, rather than opulence and fancy living."






Golden eggs, magic beans, cinders and hair, giants and Englishmen, red hooded girls beware There was one story that dominated the headlines yesterday and it had to do with the beautiful game, the only true sport that is global, football. Before you correct me and say, soccer, just remind me where the word soccer appears in the acronym FIFA. Nowhere. Admittedly that is French, or let us say, Swiss French. I might not be 100 percent right about that, the translation to English for FIFA is: International Federation of Association Football or the International Federation of Soccer. Potato, Tomato. Administrators somehow seem to think that they are greater than the sport itself, if it were not for them, none of this awesomeness would be possible. That is why the world needs people like Kerry Packer, just to remind everyone that the sport is greater than all of the collective. Didier Drogba summed it up once, in which he said after Chelsea had won the league this year: Chelsea will be here long after I am gone.

Read More...

What we do at Vestact

Vestact manages money for private clients, in Rands in Johannesburg and in US Dollars in New York. We offer individualised investment accounts, and a high level of personalised service. Through low fees and effective stock-picking, we have delivered industry-beating investment performance. For a longer description of how we go about the business of asset management at Vestact, click here.

To open an account, call us on 087 985 0939, or come in and visit us at our offices at 24 Crescent Drive, Melrose Arch, Johannesburg.

Stocks which we currently recommend

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

Apple is global leader in tablet and smartphone technology.

Aspen is a rising global star in generic pharmaceuticals.

BHP Billiton is the world's largest industrial commodity mining company.

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

Cerner provides IT solutions in the healthcare industry.

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

Discovery is a healthcare services administrator and life insurer.

Facebook is a dominant social media platform provider.

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

General Electric is a diversified investment holding company.

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

Johnson & Johnson is the largest consumer healthcare 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.

MTN Group is an emerging markets mobile telecoms giant.

Massmart is a big-box discount retailer in Africa, now 51% owned by Wal-Mart.

Mediclinic owns hospitals in SA, the UAE and Switzerland.

Naspers is an in emerging markets company focussed on digital TV & Internet.

Nike is a global designer and retailer of sporting equipment.

Omnia is a fertiliser and explosives producer.

Richemont is a luxury brands company expanding in Asia.

Sasol is a global player in chemicals and fuels technology.

Starbucks is a roaster, marketer and retailer of coffee.

Stryker makes hip and knee joint replacements and hospital beds.

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

Visa is a global payments technology company.

Woolworths is SA's leading organic food retailer & clothing business.

Archived Reports

CNBC Africa Hot Stocks Videos

Newsletter Sign Up

Sign up for our free daily market newsletter.

Paul Theron's Tweets

Sasha Naryshkine's Tweets

Byron Lotter's Tweets

Michael Treherne's Tweets