Simon’s weekly wrap: Purple Group bets on AI as JSE’s ‘flying geese’ take flight

Purple Group* announced a $10.75 million cash and share acquisition of an Australian AI company they’ve already been working with for a number of years. I spoke with CEO Charles Savage about the deal, the benefits and if the business they’re buying will still be able to work with other third parties. He’s naturally optimistic, certainly AI in finance makes a lot of sense, but execution is always what matters.

You can also listen to this podcast on iono.fm here.

I chatted with Hlelo Giyose CIO First Avenue Investment Management on his ‘flying geese’ investment idea. He talks of emerging market businesses that succeed in their home market before taking on markets overseas. Locally, we have a hate relationship with lots of bad returns. But the real quality companies who do it well, do it very well and we do have a number of examples on the JSE which we discussed.

You can also listen to this podcast on iono.fm here.

Stokvels – the shared savings concept – are uniquely South African, and I spoke with JustMoney’s Sarah Nicholson about how they work. These days, you can get a specialised bank account with good rates but there is a lot more than just returns. She touches on red flags and what a strong stokvel looks like and how to set one up if you’re interested.

You can also listen to this podcast on iono.fm here.

Franchising is big business globally and certainly South Africa is no different. I spoke with Mark Thomas from Pinsent Masons about the announcement of an investigation into the industry by the Competition Commission. This is going to be a multi-year process and the industry can use this to look offshore and implement global best practices after similar investigations in other markets.

You can also listen to this podcast on iono.fm here.

The writer holds shares in Purple Group

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