Updating minister Gordhan's portfolio (#563)

JSE Direct with Simon Brown

Updating minister Gordhan's portfolio

Public Enterprises Minister Pravin Gordhan has declared his holdings, we reviewed his portfolio last time in April and there are some interesting changes, he is fairly active in buying and selling. Most notable is the total value is up almost R2million?

Simon Shares

• Purple Group* (JSE code: PPE) have introduce a platform fee. Certain behaviours will see the fee waived and I speak to Charles Savage on my MoneywebNOW show Thursday morning.
• Renergen* (JSE code: REN) results show a loss, LNG output for phase 1 ±40% and helium on stream by year end. Phase 2 has been split into two parts and the conditions of the $750million is not a Nasdaq listing but rather a capital raise with a listing for part two of phase 2.
• MTBPS was bleak as expected and we could see some tax hikes in February.
• Gold almost had its highest ever monthly close for October.

* I hold ungeared positions.