Madima
@MaanoMadima
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Finance meets law (litigation funding) in the Vodacom PleaseCallMe case. Thread will cover: .What is litigation funding?.How does litigation funding fit in?.What is the court case involving Nkosana Makate about?.Formation of Vodacom. [Thread].
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The best rugby player in the world right now. His name is Lukhanyo Am👌🏿🔥
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Nigeria and India.
which country would you never visit, even if the trip was free?.
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Loadshedding stage 6 closer to elections is what’s needed to remind the voters of a very important message.
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Retshegofaditswe 'Ox' Nché, you beauty. This guy was massive in our victory today. One of the best in the world.
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Handrè Pollard came in at the right time of this World Cup and boy did he show up for us as a country. Take a bow, Handrè Pollard, take a bow.
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The founders of Food Lovers Market Group, Brian and Mike Coppin have done extremely well and are making big moves in "silence". The business was founded in 1993 as Fruit & Veg City and has rebranded into Food Lovers Market Group with an estimated annual turnover of +-12bn.
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I need South Africa to learn to have secrets or else we will die. Not everything has to be shared on a public platform. Let’s have secrets.
It's been uncovered that 85 percent of South African Air Force fleet is out of action, which leaves the country vulnerable to security threats.
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My biggest lessons from the Springboks:. 1) A solid family structure (having the wives, partners and em kids integrated into the team),. 2) A mission bigger than yourselves,. 3) Staying in the arena despite the numerous blows. A solid family structure is very key.
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Recap of this month’s threads;. 1) Woolworths and David Jones .2) Virgin Active buying Kauai & Nu.3) Pick n’ Pay and Boxer stores.4) Barclays selling 7.4% of ABSA.5) Kyalami race track. 6) Mr Price and Studio 88.7) Elon Musk’s Twitter LBO. Do enjoy. [Thread].
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Ever wondered how the 99-year lease agreement at Waterfall works like especially where Balwin is concerned?. [Thread].
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Did you know?. From 2024, BMW Group will produce the BMW X3 in South Africa as a plug-in hybrid and export it to the world. The BMW Group is investing R4.2bn in the site over 5yrs. The BMW Group Plant Rosslyn was founded 50 years ago as the first BMW Group plant outside Germany.
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It is reported that the “greatest CA(SA)”, Markus Jooste, SAICA has ever produced, shot and killed himself when police came to arrest him today. Let’s look at how Steinhoff (Markus Jooste) got its hands on Pepkor (92.34%), Tekkie Town (100%) and (almost) Shoprite. [Thread].
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@mwandie_ngcobo I think the little man is frustrated by the number of spoons the family owns and hardly ever use.
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The Foschini Group (TFG) acquisition of Jet👌🏿. In 2020, TFG bought Jet for R385m which had 425 stores from Edcon. Jet generated R2.5bn in revenue in its first year of acquisition. In FY23, Jet had a turnover of R5.6bn and EBIT of R560m. Jet is an 80% cash business.
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Prepare yourselves. What is happening in South Africa is by design.
Just In: Wildfires have allegedly ravaged Danielskuil town in Northern Cape.
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Below are some of the most interesting business stories I came across in 2020. P. S The list is not exhaustive. 1) PSG unbundled it's 28.1% ownership of Capitec. 2) MTN sold a minority stake in Jumia Technologies for R2.3-billion.
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Pick n’ Pay’s CEO resigned effective immediately. The last 3yrs were characterised by the following challenges;. Covid-19,.July unrest,.High interest rates and inflation,.Loadshedding. The biggest one was losing the fight to buy Cambridge which was won by Shoprite. [Thread].
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Does PwC know that they have apartments in their offices in Waterfall City?.
Its so cold here in Sandton , this pent house is so cold and im alone💔😔…dont even know if my 2022 BMW is ok there in the basement. Having a car that has full tank, heated seats and traction control parked for a week is crazy business eGoli kubuhlungu ukushima yerrr
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When Teko Modise was walking on water.
What was the best era of South African Football?.
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Woolworths opened its first standalone liquor store called WCellar today. The first of many was opened at the Nicolway Shopping Centre. WCellar will sell wines, beers, craft beers, ciders and spirits in the hopes to compete with Spar’s Tops, Pick n Pay Liquor, Shoprite.
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Mergers & Acquisitions, corporate actions, prominent executive movements that I followed in 2021. 🧵. 1) Mr Price bought Power Fashion for between 3% (R1.5bn) and 4% (R2bn) of Mr Price’s R50.7bn market cap. 2) Mr Price bought Yuppiechef for 1% of Mr Price's R47bn market cap.
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I'm back. The Twitter hiatus was very much needed. During the hiatus, I managed to change the surname of someone's daughter.❤️. ♾️.10.10.2024.
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Did you know?. Pepkor, which owns household brands including PEP, Ackermans, Tekkie Town, The Building Company and Incredible, sold ~12 million cell phones in 2023 which equates to 7 out of every 10 cell phones sold in South Africa, with 57% being smartphones.
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What happened at Edcon is for the history books. Here’s how Edcon relinquished its ownership of Boardmans, CNA, Jet, Legit, and Edgars as well as a recap of Edcon’s leveraged buyout. [Thread].
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The Spur Corporation has acquired a 60% Interest in the Doppio Group. The Doppio Group generated total sales of over R600m in the financial year ended 28 February 2023. A look at how Spurs acquired:.1) Doppio Zero.2) RocoMamas.3) Hussar Grill.4) Nikos. [Thread]
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South Africa has been placed under increased monitoring/greylisted. When Financial Action Task Force places a jurisdiction under increased monitoring, it means the country has committed to resolve swiftly the identified strategic deficiencies within agreed timeframes. [Thread].
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All Caltex-branded service stations in South Africa and Botswana are to be rebranded Astron Energy. Who owns (franchior) Caltex-branded service stations in SA?. Who owns (franchior) Engen service stations?. Is Southern Africa and Shell Refining SA (SAPREF) closing? . [Thread]
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Did you know?. All Caltex-branded service stations in SA and Botswana are being rebranded into Astron Energy. Name change follows 2018 majority acquisition of former Chevron SA by Glencore SA Oil Investments. Astron has been operating Caltex brand under a $973m licence agreement.
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When Mapimpi said for "uTata ke Eben". 💔. Eben Etzebeth's father passed away in July of 2023. Cheslin Kolbe saying he is doing it for his Wayde van Niekerk (fast man over 400m - world record holder) who got that freak injury while playing touch rugby in 2017. This video❤️
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Koshiek Karan vs Balwin Properties
WITHOUT GOOGLING.Name a famous historic battle.
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A simple approach does it, always. Four months ago, David Flatman gave reasons why he believed South Africa would win the 2023 Rugby World Cup. I agree with his analysis, wholly.
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Ever wondered who’s Astron Energy?. All Caltex-branded service stations in SA and Botswana are being rebranded into Astron Energy. The name change follows a 2018 majority acquisition of former Chevron SA by Glencore SA Oil Investments. Short [Thread]
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Did you know?. Vodacom was incorporated in 1993 as a joint venture between Telkom (50%), Vodafone (35%) and VenFin (15%). 1993, Vodacom was awarded a mobile cellular telecoms licence in SA and launched commercial services in 1994. [Thread].
After 7pm don't call someone you are not dating.
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The Rand (currency) manipulation is deeper than what has been reported by our news outlets. If you go deep enough, you will vomit. “What you see now is what has come to light, what hasn’t come to light will shock you to your core.” - Dr JJ Tabane
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An overview of Transaction Capital focusing on; . 1) ownership of SA Taxi .2) all things WeBuyCars. Warning ⚠️: this is a very long thread, but it is worth the read. [Thread].
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Here’s another barrier;
Report: South African Formula 1 Abandoned Due To Political Barriers . A South African GP has therefore been deemed untenable in the near future, signalling a reprieve for Spa. Read More:
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Did you know?. Kaizer Moutang almost listed Kaizer Chiefs on the JSE in the late 90s. The listing never went through and Kaizer sold 40% of its shares to Primedia Group for a rumoured R40m. Bra Kaizer subsequently bought back the shares 40% shares from Primedia for R70m in 2010.
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The case between Shoprite Holdings and the Competition Commission is an interesting one🤞🏿. Competition Commission is arguing for a ~R16 billion fine against Shoprite Holdings subsidiary, Computicket. Who is Computicket?.What is the case about?
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Will they also auction the briefcase with the full set of the CODESA minutes?.
Nelson Mandela's ID book is among the items to be auctioned by his daughter Makaziwe to raise funds for a Mandela Memorial Garden in Qunu, Eastern Cape. After a two-year legal battle and objections from the SA government, she won the right to do the auction.
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You have joined the system of Lesufism (acting busy) which has been perfected by Fikile Mbalula, Bheki Cele, and Lesufi Panyaza. Lesufism involves; strong PR team, looking busy, taking pictures, and garnering a huge following. Panyazaring (Masquerading) at its very best.
[WATCH]: [WATCH]: This morning I am visiting the Nissan Manufacturing Plant in Rosslyn. The crisis that we are facing requires that we should take bold, courageous and decisive action to close the electricity gap.
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Discovery has one of the best looking offices, but the employees have to pay for parking each month to make use of the parking lot. The nicer the office, the less benefits the employees get. Growthpoint is make close to R7bn in rental income from Discovery over 15yrs. [Thread].
This ad made me want to quit my job and also work for King Price 🥺
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Johann Rupert had to be there. Rassie walks across to go and celebrate with him, albeit, momentarily.
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A recap of Vodacom’s formation. Vodacom was incorporated in 1993 as a joint venture between Telkom (50%), Vodafone (35%) and VenFin (15%). 1993, Vodacom was awarded a mobile cellular telecoms licence in SA and launched commercial services in 1994. [Thread]
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The system of Lesufism (acting busy) which has been perfected by Fikile Mbalula, Bheki Cele, and Lesufi Panyaza is on full display. Lesufism involves; a strong PR team, looking busy, taking pictures, and garnering a huge following. Panyazaring (Masquerading) at its very best.
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Whoever came up with this idea doesn’t understand how the taxi industry works.
Tap to pay being tested for Cape Town. One thing i know is that the taxi industry doesn't want to be regulated 👀 TAX .@pmcafrica
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The decay of public schooling has opened a window of opportunity for Curro Holdings. Curro is expecting demand to grow and it plans to invest up to R1.1 billion in further expansion opportunities during 2022 to meet this expected growth. [Thread]
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Did you know?. Between 1 July and 7 July 2023, taxpayers will be notified by SMS or email if they were selected to receive an auto-assessment. Should you receive the SMS, the next step for you would be to review the auto-assessment on the SARS MobiApp or eFiling.
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The history of Kagiso Tiso Holdings is a long and complex one, so bare with me. Standard Bank, Investec, Rand Merchant Bank, and the Liberty Group provided the seed capital to form Tiso Group which later became Kagiso Tiso Group. [Thread].
Fani Titi - Investec Group CEO. He's been CEO since 2020. He founded the private investment group, Kagiso Tiso Holdings. He is one of only two SA CEOs to sit on the Global Investors for Sustainable Development Alliance . Fani has 13 siblings. Investec PLC valuation: R72.1-billion
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A smart move. The consortium is not necessarily after sugar, but land and property. Tongaat Hulett Development (THD), the property arm of the sugar producer owns 16 400 hectares of land, 9 600 hectares of which is strategically located prime land in key development areas in.
Gumede’s consortium takes control of Tongaat Hulett. Mogul Robert Gumede’s consortium outwitted competitors, using its strong financial muscle to buy out 12 banks that had a combined claim of R8 billion against cash-strapped sugar company, Tongaat Hulett. Read more @City_Press
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Holding all other factors constant, a decent command of the English language can make one sound like a genius. If it sounds like a scam, it is definitely a scam.
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Wait until you hear of the allegations to recommend C-sections as opposed to natural births for economic gain.
Whistleblower - who's a former Mediclinic manager - claims that the hospitals manipulate patients' medical aid claiming codes. For example when a patient dies in an emergency room, sometimes Mediclinic managers were expected to change the case to an ICU death. ICU-related
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@NaZikode__ When the South African National Defence Force does a day of rememberance, your name will be on top of the list of the strongest soldiers the country has ever produced.
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Anyone know where we can play this in South Africa?.
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Pick n' Pay has an ambitious plan to open 200 new Boxer stores over the next 3 years. FY20, 44 Boxer stores were opened. In H1 2021, 7 Boxer stores were opend. Pick n' Pay currently owns 349 Boxer stores. When did PnP get Boxer?.What happened to Score Supermarket?. [Thread]
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South African Tourism acting CEO Themba Khumalo after Tottenham Hotspur scored against Manchester City:
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Similarly, one good year can make up for 10 bad years. One good month can set you up for the rest of your life. Life is made up of small and big moments. You just need one good thing to go your way and can be set for life.
One bad year can set you back 10 years.
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Ever since Benedict Saul McCarthy joined Manchester United as a first-team coach, specifically focused on attacking, Manchester United forwards have been cooking with nuclear. Benni is in the area.
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Did you know?. Old Mutual received Section 13 approval from the Prudential Authority to proceed with the application for a banking license. Approved expenditure to complete the build of transactional capability is R1.75bn. Bank is expected to break-even 3yrs after 2024 launch.
What is your family's wildest current scandal? 👀.
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So people want to buy Western Cape from South Africa. Hypothetical questions: . 1) how much would you sell the Western Cape for? . 2) how do you even determine the selling price? . 3) do you buy it with all its citizens?. If you don’t laugh, you will cry. 😂😭.
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President Ramaphosa unveiled a tap this weekend. The minister of electricity welcomed 450 generators from China which are meant to fight loadshedding. Elections are truly upon us and we will see more of such. By giant steps, we are marching towards the ZANU–PF era of politics.
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Twitter folks: “How do you make R580 000 per month by selling kotas from a 4by4 container?”. Kota marker:
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The SIU and Hawks have sent baddies on an undercover mission. The list of crooks (attached to baddies) wanted by the authorities is endless.
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Events that led to Royal AM, TTM and Marumo playing in the PSL. In 2020, Lawrence Mulaudzi, owner of TTM bought Bidvest Wits for R50m. Bidvest Wits was 40% owned by Wits University and 60% owned by Bidvest, but Wits sold its stake to Bidvest before the takeover. Short [Thread].
🔴 Breaking! .Royal AM players have not reported for training - there is an ongoing dispute over unpaid December salaries. SARS have also taken over the club in efforts to recover nearly R40m in tax debt. FIFA watching. Full story. #SABCSport411 .
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South Africa has being exhibiting characteristics of a failed state for years now and the energy crisis could be the final nail in the coffin.
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As talks of F1 moving to 30 races and Kyalami as one of the possible destinations, let’s briefly look at;. 1) who owns Kyalami?.2) is there an effort to bring F1 back to Kyalami?.3) estimated costs of hosting F1 in Kyalami. [Thread]
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Guess who audited and gave clean audit reports to Silicon Valley Bank and Signature Bank before they collapsed?. None other than the “great” KPMG. Silicon Valley Bank got a clean audit report two weeks before the collapse. KPMG has audited Silicon Valley Bank since 1994.
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EasyEquities has acquired the remaining 50% of Retirement Investments and Savings for Everyone for R60m. Thread will cover;.who owns EasyEquities?.relationship between Sanlam and African Rainbow Capital. how a consortium led by Prof Bonang Mohale got a stake in Purple?. [Thread]
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So this guy decided that he will steal R16m from an organisation (KPMG) that specialises in auditing and forensic services. Maybe he knew his employer’s capabilities with regards to audit and forensic services.
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Pick n' Pay has announced that it plans to list its Boxer business on the JSE towards the end of 2024 and intends to retain majority stake in Boxer after the IPO. When did PnP get Boxer?.What happened to Score Supermarket?. A mini thread. [Thread]
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Great penis management skills will save you from a lot of things. 👌🏿.
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@stjohns_college And the brilliant headboy of St John's College, Sazi Bongwe is off to Harvard 🔥
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Now you know exactly how we (citizens) feel when you (ANC-led government) don’t deliver on your promises. It is all in the nature of the system of Lesufism (acting busy). Panyazaring (Masquerading) at its very best.
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Eish. The last time a 7 time championship winner (who also drove for Ferrari) went skiing, we never saw or heard from him again. He must be safe.
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Rebosis Property Fund is selling the following malls;.Forest Hill Mall, .Hemingways, .Bloed Street Mall, .Baywest Mall and .Sunnypark Mall. The total value for the sale is R5 billion. Will this deal close?. A quick overview of Rebosis’ debt situation and failed deal. [Thread].
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You think leaving South Africa with just a matric certificate and some farming knowledge will cut it overseas?.
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@itoomeleng__ We are not a first world country so our problems are plenty. Imagining cycling in the CBD of Johannesburg at peak hour 🤣. I am sure those living abroad buy candles for romantic dates, we buy them cause there is no electricity.
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Who owns the South African downstream sales and marketing businesses of; TotalEnergies, Shell, BP, Engen and Caltex?. Fun fact: All (+-850) Caltex-branded service stations in South Africa and Botswana are to be rebranded into Astron Energy. [Thread].
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I repeat. Writing numbers in this format should come with a life sentence at Kgoši Mampuru II Correctional Centre.
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PAXI has delivered +15 million customer parcels since its launch in 2018. PEP, owned by Pepkor identified an opportunity to help their customers submit their Unisa academic papers to the university. At that stage it was a manual service for documents only. [Thread].
We are watching PEP compete with major courier companies in 2023. PAXI is on the rise.
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Did you know?. Telkom was formed when the Dept of Posts and Telcoms was divided into 3 separate entities (Dept. of P&T, Telkom and Post Office). After the split, Telkom inherited gross interest-bearing debt of R10,2 billion. Telkom was wholly-owned state owned. Short [Thread].
Sex should have age restriction of 21 years upwards. Whats your take on this?.
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Steers and Fishaways belong to the same company called Famous Brands. If you look around, you will hardly find a Fishaways that is not attached to a Steers. Funny enough, the close proximity to Steers helps drive foot traffic towards Fishaways and that’s how it “stays in.
Who’s keeping fishaways in business?.
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I did a thread on Starbucks and someone asked about the ownership of Seattle Coffee. You can’t talk Seattle without talking about the Food Lovers Market. Fruit & Veg City has rebranded into Food Lovers Market Group with an estimated annual turnover of +-12bn. [Thread].
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@Solphendukaa The best biltong is dashed with a bit of racism and packaged in a brown paper bag.
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The idea that it is a majority of black businesses that do business with the state is devoid of truth. Don’t the below have contracts with the state;.EOH, .Bidvest, .Oracle, .Microsoft, .Accenture, .SAP, .Afrox, .oryx, .MTN, .Vodacom, .BMW, .Nashua,.Dell.Fujitsu.Lenovo .Sahara.
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Random thought. Who told private companies (employers) that Discovery is the best medical aid company for its employees?. The possibility that 9/10 of companies who make Discovery mandatory in Sandton are as high as Prasa’s Dr Mthimkhulu’s and Swifambo’s Chinese locomotives.
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Another Summa cum laude holder of the Lesufism system. Lesufism is the system of acting busy which has been perfected by Panyaza and her. Lesufism involves; promises, strong PR team, looking busy, taking pictures, and garnering a huge following. Panyazaring = Masquerading.
Limpopo’s finest! 👏🏽👏🏽👏🏽. Congratulations Dr Phophi Ramathuba on becoming Limpopo’s FIRST female PREMIER . Your dreams are valid 💫
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Recap of August’s threads. 1) Curro.2) Edcon .3) Mediclinic to go private .4) Walmart and Massmart.5) Thungela.6) RCL Foods buy Sunshine .7) Total, Shell, BP & Engen.8) Royal Bafokeng Platinum .Bakery.9) Delta .10) African Bank & Ubank.11) Rebosis debt.12) Rain & Telkom. [Thread].
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