South Africans' sorry safari
Article Abstract:
South African companies that have invested in the Australian share-market are dealing with poor investment decisions and their country's deteriorating economy. South African companies such as Metro Cash & Carry and Bidvest have invested millions in takeovers but are finding out their stocks are worth half of the original price. South Africa's currency has lost 20% of its value and many fear it could challenge investor confidence.
Publication Name: The Bulletin with Newsweek
Subject: News, opinion and commentary
ISSN: 1440-7485
Year: 1998
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Malaysian malaise
Article Abstract:
Malaysian Prime Minister Mahathir bin Mohamad's reaction to the country's economic crisis reflects poor leadership skills. The leader refused to seek assistance from the International Monetary Fund but a potential series of bailouts may force him to relent. Among the Malaysian government-condoned bailouts that have shocked the investment community is one for Mahathir's son Mirzan Mahathir.
Publication Name: The Bulletin with Newsweek
Subject: News, opinion and commentary
ISSN: 1440-7485
Year: 1998
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Fractures in the pipeline
Article Abstract:
The breakup of BHP has become a possibility even though the current management favors remaining as a diversified conglomerate. Analysts believe that the company's breakup value could be as much as $30 per share, twice the current share price. John Prescott has resigned as managing director, and a search for a replacement is under way.
Publication Name: The Bulletin with Newsweek
Subject: News, opinion and commentary
ISSN: 1440-7485
Year: 1998
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