Simon’s weekly wrap: Company results that came in strong, despite headwinds

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Fortress shed its genuine estate investment trust (Reit) position at the conclude of January and that’s why was unable to shell out a dividend for its latest (interim) effects. I spoke with Fortress CEO Steven Brown and, while its hands are tied concerning Reit status, it is undertaking incredibly nicely with vacancies, rental reversions and the bank loan-to-benefit which is now down to 36.9% (read the transcript).

Financial institution success have been coming in strong and Common Bank’s specially so. I spoke with Gary Booysen of Rand Swiss and he specially favored its potential to preserve a lid on charges and profit from the larger fascination costs. He was acquiring Typical Lender shares again in Oct and thinks it is a bit highly-priced now, but weakness could provide an entry level.

Mpact had yet another excellent set of once-a-year final results and I spoke with CEO Bruce Robust. It is handling the power crisis perfectly and altering client practices are actively playing to its energy in innovation. We tend to consider only of traditional packaging these kinds of as the containers our on the internet shopping comes in. But Mpact also has new strains of innovation like paper fruit punnets, that are boosting earnings (study the transcript).

I chatted with Pravesh Sunker, CEO of FNB Personal Prosperity and RMB Non-public Financial institution, about making use of credit score to make investments. This was not in the perception of getting out a bank loan to invest in shares, but fairly about handling your financial debt to lower the volume and/or the interest price, as a result releasing up funds flow each and every month that you can then use to devote (examine the transcript).

Also this week:

Old Mutual Multi-Managers’s Izak Odendaal on the US’s struggle with inflation, what’s impacting the rand, commodity prices, inexpensive SA property and repairing SA (browse the transcript).

Kea Nonyana of EA Money Marketplaces on SA’s greylisting, the rand, political instability, load shedding and Chinese advancement. (read through the transcript).