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.


What we do at Vestact

Vestact manages money for private clients, in Rands in Johannesburg and in US Dollars in New York. We offer individualised investment accounts, and a high level of personalised service. Through low fees and effective stock-picking, we have delivered industry-beating investment performance. For a longer description of how we go about the business of asset management at Vestact, click here.

To open an account, call us on 011 022 5440, or come in and visit us at our offices at 24 Crescent Drive, Melrose Arch, Johannesburg.

To sign up for our free e-mail market report service, and track the performance of our recommended stocks with a free watchlist, click here.

Stocks which we currently recommend

Amazon.com is the world's leading online retailer.

Apple is global leader in tablet and smartphone technology.

Aspen is a rising global star in generic pharmaceuticals.

BHP Billiton is the world's largest industrial commodity mining company.

Bidvest is a diversified services company, which may re-organise its portfolio.

Cerner provides IT solutions in the healthcare industry.

City Lodge is a growing mid-priced hotel group in urban areas of SA.

Discovery is a healthcare services administrator and life insurer.

Famous Brands is SA's largest quick-service restaurant group.

General Electric is a diversified investment holding company.

Google is the world's biggest search engine and online advertising platform.

Johnson & Johnson is the largest consumer healthcare and pharma company.

L'Oreal is a world leader in the manufacturing and sale of beauty products.

Luxottica is the world's largest branded sunglass maker and retailer.

MTN Group is an emerging markets mobile telecoms giant.

Massmart is a big-box discount retailer in Africa, now 51% owned by Wal-Mart.

Mediclinic owns hospitals in SA, the UAE and Switzerland.

Naspers is an in emerging markets company focussed on digital TV & Internet.

Nike is a global designer and retailer of sporting equipment.

Omnia is a fertiliser and explosives producer.

Richemont is a luxury brands company expanding in Asia.

Sasol is a global player in chemicals and fuels technology.

Starbucks is a roaster, marketer and retailer of coffee.

Stryker makes hip and knee joint replacements and hospital beds.

Tiger Brands is a basic and branded food producer, expanding through Africa.

Visa is a global payments technology company.

Woolworths is SA's leading organic food retailer & clothing business.

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