The JSE stock that you didn't know existed. Plus: Pick 'n Pay for profit
Description
In this episode, Bruce talks to Pick n Pay CEO Sean Summers about the “extraordinary response” he received after his public criticism of online betting.
Summers also discusses Pick n Pay’s succession plans as it progresses in its “reset” from a troubled past, and targets break-even by 2028.
Chantal Marx, head of investment research and content at FNB Wealth and Investments, gives her view on whether the loss-making retailer will be able to achieve this target. She also looks at the share price crash in WeBuyCars, as well as this week’s mixed fortunes of the world’s biggest tech groups.
Also on the show is the CEO of Optasia, the Dubai-based fintech firm that has shot into the spotlight as it prepares for a JSE listing next week.
FirstRand just took a 20% stake in the group, with Salvador Anglada discussing the group’s partnerships with various local companies. Certified financial planner Warren Ingram shares practical tips on building wealth.
United States
