BizNews BizNews Radio

First Steinhoff, now Aspen - understanding the Viceroy Effect

Loading player...
It’s now common cause that the report circulated by Viceroy Research brought down the 90 000 employee-strong Steinhoff. The report exposed the accounting irregularities which Steinhoff eventually owned up to. Viceroy, a shadowy firm with just three full time employees but an army of followers, has another South African company in its sights. On Tuesday, its Twitter account that has just over 5 000 followers said the Viceroy report on this company would be released before the end of March. On the Johannesburg Stock Exchange, Mr Market went crazy. Speculation that it was Viceroy’s target smashed the prices of multinational Aspen Pharmacare and three JSE-listed property stocks. In today’s episode of the Old Firm, David Shapiro and I examine what’s become known among traders as The Viceroy Effect. Learn more about your ad choices. Visit megaphone.fm/adchoices
12 Jan 2018 11AM English South Africa Investing · Business News

Other recent episodes

Herman Mashaba on Johannesburg's bankruptcy and his Mayoral comeback

ActionSA president Herman Mashaba reveals what Johannesburg's current mayor told him in a private phone call about why the city can't pay its bills. He also breaks down the Cape Town mayoral race, the anti-immigrant protests spreading across South Africa, and why he won't speak to Helen Zille directly. With…
6 Jul 6AM 24 min

BizNews Edge: Chery's new Rosslyn plant and the R40bn car subsidy bill

Chery just took over Nissan's old Eastern Cape plant, plugging straight into a subsidy scheme that costs South Africans over R40 billion a year, split between just seven manufacturers. Trade expert Donald MacKay tells Alec Hogg why this isn't a normal acquisition, and how the deal appears to sidestep a…
6 Jul 7AM 28 min

BN Daybreak: NATO Summit tension; AI stocks slump; Zuma’s Gupta meeting

Kyiv faces fresh Russian missile strikes ahead of the NATO summit in Turkey, while tensions linger following the death of Iran's Supreme Leader. Meanwhile, OPEC+ quotas drop oil prices, Alibaba blocks a US blacklist order, and investors fret over an AI chip stock pullback. Locally, Jacob Zuma's Gupta meeting and…
5 Jul 11PM 16 min
All episodes