Daily Market Blog: Bid Better Vest
"The business, Bidvest is not even 30 years old, the business was founded in 1988. It employs, according to their website 137 thousand people, the results release says 143,828 people worldwide. That is astonishing and in this country we are always at pains to talk about who is going to be the creator of jobs, look no further than private enterprise and unleashing human potential. Brian Joffe is smart, he is street smart, he has done exceptionally well for his shareholders."
To market, to market to buy a fat pig. It is a holiday in the US today, Labor Day. What that normally means is that the seasons are changing, you can see that all around you, the buds are there, the flowers are too. It is certainly a *nice* time of the year, it could of course be warmer for us. We certainly cannot complain about the weather here, less so in Harare. The Zim economy might be on its knees again, the cricket team however is on top of the world, having beaten the mighty Australia for only the second time ever.
Other records include a new closing high for the S&P 500 Friday, of course that will hold until tomorrow, the futures market reflects a modest drop when the market does eventually open. Locally we were dented by all of the resource companies, the iron ore price as discussed last week weighed heavily on all of the major producers. As such we are around 1000 points, or two percent away from our all time highs. Quiet today as a result of the holiday weekend, news is "slow", locally we have results from one of the businesses that we follow closely.