Rational Perspective artwork

The Editor's Desk: The FirstRand unbundling & SA’s junk rating

Rational Perspective

English - November 25, 2019 20:24 - 20 minutes - 18.6 MB
Business News News Business Investing Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: This week's Rational Radio - Sasol, Shapiro, O'Sullivan, S&P and SABC
Next Episode: The Editor's Desk: Tongaat and companies run by and for managers

It was a week of contrasts. First, there was good news for shareholders as Remgro and RMH announced plans to unbundle a 40% stake in FirstRand. Then, more bad news for taxpayers as S&P revised its outlook for South Africa to negative, suggesting an additional downgrade is in the pipes. In this episode, Alec Hogg and Felicity Duncan discuss the reasoning behind the unbundling and the implications of SA’s worsening debt position. 

See omnystudio.com/listener for privacy information.

It was a week of contrasts. First, there was good news for shareholders as Remgro and RMH announced plans to unbundle a 40% stake in FirstRand. Then, more bad news for taxpayers as S&P revised its outlook for South Africa to negative, suggesting an additional downgrade is in the pipes. In this episode, Alec Hogg and Felicity Duncan discuss the reasoning behind the unbundling and the implications of SA’s worsening debt position. 

See omnystudio.com/listener for privacy information.