SI­MON SAYS

Finweek English Edition - - INVESTMENT -

(Co­mair and SAA), each with a bud­get air­line at­tached to the pre­mium brand, and since the demise of 1time in 2012 the cost of f ly­ing within South Africa has markedly risen. How­ever, we may see more air­lines en­ter our mar­ket, prices will drop and own­ing an air­line will once again be a try­ing pas­time.

Co­mair Limited it with 4.99% of Mur­ray & Roberts and tak­ing a 5.001% stake in Im­pe­rial. On the Lazard web­site, it says that the com­pany has $155.7bn in as­sets un­der man­age­ment. On the Mur­ray & Roberts free f loat is­sue, the sale does in­crease free f loat but it sits at just over 20% ‒ still a rel­a­tively small num­ber for a R10bn mar­ket-cap com­pany.

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