60 Second Finance - Wednesday, 16 Feb 2022 1) Mark Barnes (e | BankerX Broadcast

60 Second Finance - Wednesday, 16 Feb 2022

1) Mark Barnes (ex CEO of the Post Office who recently publicly expressed his interest in buying the prehistoric Postnet) could be getting his cash together. Yesterday, he sold a small percentage of his shareholding in Purple Group (~1.5% of total shares; ~R30 mil) to a longtime business partner

2) Warren Buffett (famous investor who’s older than sin) stands to make a massive profit on an e-gaming company. Berkshire Hathaway purchased a ~$1 bn stake in Activision Blizzard in Q4 of 2021, a few months before Microsoft announced plans to buy the company for $75bn. That stake is already up ~23%, and the profit will jump to ~50% if the Microsoft deal goes through. That’s a serious loot chest for a ballie who was already at retirement age when Tetris was invented

3)Things are looking up for Glencore, even after a great few months. They’re planning a massive dividend of $4bn, and expects to resolve bribery and corruption investigations in the UK, US and Brazil this year (having set aside $1.5bn to cover potential fines and costs)

4) SPAR launched the pilot phase of SPAR2U, an e-commerce platform for groceries and liquor to take on Pick n Pay’s Asap and Checkers' Sixty60 and Woolworth's Woolies Dash. Checkers simultaneously delivered our lunch and ate the lunch of all the other SA retailers, and now it’s catch up time