Inflationary pressures are ominous for growth stocks - Piet Viljoen

Counterpoint Value Fund manager Piet Viljoen delves into a host of corporate action taking place across the local bourse. The mining mergers and acquisitions mania has continued, with a twist, as Royal Bafokeng Platinum (RBK) turned down Impala Platinum’s proposed takeover to pursue a deal with competitor Northam Platinum. The Purple Group (owner of Easy Equities) also posted its financial results with the brokerage platform announcing impressive numbers. It remains one of the flagship growth companies on the JSE. Vodacom and Remgro have recently announced a partnership to grow high-flying fibre businesses Vumatel and Dark Fibre Africa. Viljoen unpacks the possible synergies this could create. Lastly, Ascendis Activist Investor Harry Smit’s appointment to the board is discussed to wrap up the conversation.  Learn more about your ad choices. Visit megaphone.fm/adchoices