Vukosi Fungeni

Archive for July, 2012|Monthly archive page

Keep Construction companies on your radar…

In Financial Management on July 17, 2012 at 20:40

I think the SA construction industry is on the verge of a rebound!

My investment practices generally follow that of the legendary Warren Buffet, who often says (and I paraphrase):  “Go boldly in there, when everybody screams RUN!” Equally I say “Stock up whilst the listing is cheap”.

With most of the construction “listeds’” at significant lows (talking both returns and share prices) I am thinking the curve is about to take a different shape,

This is why ……

If you engage most equity analysts on construction companies you will find it very difficult to determine the direction of the industry.  Read the rest of this entry »


In Financial Management on July 5, 2012 at 23:13

I was studying some of our listed mining companies this morning and I just don’t see how we can afford to add more pressure on the industry. The suggested policy direction seems quite haphazard to my sight. It would appear that there is enough distress on the industry, but nobody (especially the important folks) seems to care about the reported volumes losing jobs etc. Maybe I’ve got a short term view on the subject matter.

Most mining shares have shaved off some pretty substantial value in the recent past, which creates a good opportunity for people like myself who can afford the risk (if only I had the capital) to get into the industry now, whilst the shares are distressed.

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Some thought leadership on tax compliance….

In Tax compliance and advisory on July 4, 2012 at 21:56

Large entities often receive accolades for setting “IFRS disclosure” benchmarks, which includes equally revealing information on Tax. The surveys are often conducted by reputable Accounting firms in conjunction with the Johannesburg Stock Exchange (JSE). I am beginning to wonder if such surveys affected the current “risk profiling and rating scoring” at SARS’ Large Business Center? … even more so I am wondering if such could be implemented for individual tax payers, with incentives to get a stooped up interest rate for “audited refunds due to tax payers”

Maybe in a long time from today,

The heading is “thoughts for leaders anyway”

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