AIthough shares in Truworths International have recovered from their Covid lows, they remain below the peaks achieved in 2013, 2016 and 2018.
Over the past decade (between 1 July 2015 and 30 June this year), shares are up just 7%. Put another way, its market capitalisation was R36 billion in July 2015. Today, it is R38 billion.
Over the same period, the JSE Top 40 delivered a return of 8.76% per year on average. That represents a total return of well over 100% (130% if compounded).
Over that same period, Truworths CEO Michael Mark has been incredibly well remunerated. Across the 10 financial years, he has been paid a total of R206.6 million in guaranteed pay, benefits and short-term incentives.
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Tuz aims to double-up at Meydan
UAE Champion sprinter Tuz, winner of the Golden Shaheen (Group 1) last March, is the star attraction at Meydan today, when he bids for back-to-back wins in the Dubawi Stakes.
Mozahim to extend Costa's lead
Jebel Ali's opening fixture of 2025 tomorrow is headlined by a cracking sprint handicap, the richest race on a competitive seven-race programme to kick start the new year.
One-way traffic for One Stripe
Three-year-old colt to add G1 L'Ormarins King's Plate to Guineas success
Greaterix gets the green light at Turffontein
Greaterix will have the opportunity to redeem his reputation when he lines up in the Grade 3 Betway Got The Greenlight Stakes for three-year-olds over 1400m on the Standside track at Turffontein on Sunday.
INTO THE MELTING POT
MAPHAKA: ROOKIE FAST BOWLER SA'S YOUNGEST-EVER TEST DEBUTANT
Cardoso sticking with rotation
New Mamelodi Sundowns coach Miguel Cardoso has explained his rotation policy ahead of the crucial away Caf Champions League group stage clash against Raja Casablanca tomorrow.
Local franchises shift their focus
RECHARGE: ATTENTION NOW ON CUP COMPETITIONS
Familiar face to coach City
Cape Town City swiftly moved on to replace Eric Tinkler, who was shown the door after a run of poor results.
Swiatek fights exhaustion to see Poland through
Battling Iga Swiatek (right) took Poland into a United Cup semifinal against Kazakhstan as last year's runners-up beat Britain in the mixed-teams tournament yesterday.
Shastri Wants Two-Tier Tests
Former India coach Ravi Shastri (above) called this week for a two-tier structure in Test cricket with relegation and promotion to ensure the survival of the red-ball game.
