SIMON SAYS

Finweek English Edition - - INVESTMENT -

AMCU of­fers new hope. How­ever, this shift in power is go­ing to take some time to play out as NUM is not go­ing to dis­ap­pear qui­etly into the night; it has a 30-year his­tory. The im­pact is not only go­ing to be felt at the mines as the ten­sions con­tinue, but as Cosatu is a mem­ber of the tri­par­tite al­liance, there are po­lit­i­cal im­pli­ca­tions as well and this is go­ing to con­tinue to play out for some time. and the mar­ket did not panic or sell off the stock, so bingo. An­other rights is­sue an­nounced, this time to raise just over R600m.

Cou­pled with its first profit, the mar­ket con­tin­ues to love this stock and you have to hand it to man­age­ment, test­ing the mar­ket ap­petite for an­other rights is­sue was in­spired and it means an­other R600m in the bank for Curro.

Curro Hold­ings

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