Mega BankerX [Thread] collating our last couple of threads all in one place:
1. Learn to code 2. Learn Excel 3. Develop a killer business plan 4. Investment banking job links 5. Grade 12/ first year uni scholarships 6. How the gold price works 7. Download free textbooks
"Cash Rules Everything Around Me" is often said, but let's explore the truth behind it.
An honest review of money and its impact on our time, health, and relationships [THREAD]
Is money the only currency we deal with in life? Time, health, and relationships could be viewed as 'currencies' with their own unique 'exchange rates.'
Let's dive into whether it's possible to maximize each of these elements or if we're forced into trade-offs.
This thread details the impact of money on our time, health, and relationships. We also wrote an article on this which you can find at the link below: bankerx.co.za/p/122-2023-06-…
Want to ramp up your knowledge of Artificial Intelligence? Check out some of the resources we found [THREAD]
1) MIT Technology Review
Rating: ⭐⭐⭐⭐
A publication that covers the latest developments in AI and other technology fields. Providing in-depth articles, news, and analysis to help readers understand the impact of AI on society and business.
“Gidon Novick, former CEO of Comair & co-founder of LIFT resigns as a director from consortium buying up SAA”
“there was a black hole & I had no info”– Gidon Novick
“a very frustrating transaction” – Harith General Partners
If you love a good boardroom brawl strap yourself in
Gidon Novick resigned citing he had no info, no meetings & can no longer be complicit in a deal that's one big black box - a director resignation is never a great signal on any transaction
Imagine how much it would cost to buy 4000 odd new cars every 3-5 years.
The cash outlay of buying any big asset is a lot and leasing can help an organisation to preserve this cash by paying monthly lease payments rather a huge lump sum upfront.
Accounting irregularities issues were picked up in 2018.
PwC was appointed on 13 March 2019 to assist with a legally privileged investigation into alleged irregularities.
Here’s a summary of PwC findings.
[Thread]
Tongaat is a agri-business in sugar, ethanol, animal feeds and cattle, with substantial land portfolio.
A summary of the key findings of the PwC investigation into Tongaat Hullet are as follows;
1) The provision of cash collateral in relation to a sale of land:
On occasion, Tongaat Hullet entered into arrangements whereby it provided cash collateral to assist a potential purchaser of land to finance the purchase.
Breaking down the (complex) relationship between;
Sanlam,
Patrice Motsepe, and
African Rainbow Capital.
[Thread]
The very complex and beneficial relationship between Sanlam and Ubuntu-Botho started in 2003 when Sanlam envisaged to sell a stake in order to be "BEE-compliant".
In came Patrice Motsepe.
The deal saw the Ubuntu-Botho consortium take an initial 8% stake in Sanlam.
Shareholding was extended to include broad-based groups; trade union companies, religious organisations, women and youth groups,provincial companies from all the provinces, representing 700 shareholders