Tag: Standard Bank Group

Grocery retail at scale is an attractive business. The combination of bargaining power with suppliers and lower unit costs of distribution that come with market leading scale creates a business that can generate good economics for shareholders for very long periods of time. Both Pick n Pay and Shoprite have had such scale for decades. Yet for shareholders, Pick n Pay has been a disaster and Shoprite has been a success. Why? And, more importantly from an investor’s perspective, were there advance warnings that Pick n Pay as an investment was going to be the disappointment that it has been?

I do a lot of work with financial planners who wish to adopt a coaching approach in their engagement with clients. Much of this...

It is well-known that in the finance sector, previously disadvantaged people and women are underrepresented. Momentum Group's objective is to transform the distribution network and at...