Streaming issues? Report here
Kieno Kammies 2019 1500 BW
Today with Kieno Kammies
09:00 - 12:00
volume_up
volume_mute

Up Next: The Midday Report
See full line-up
Today with Kieno Kammies
09:00 - 12:00
Home
arrow_forward
Business

Aramco is now the world's largest listed company

12 December 2019 7:23 PM
This massive state oil producer is now the world's first $2 trillion company.

Saudi Aramco - the massive Saudi state oil producer - is now the world's first $2 trillion company.

But Paul Theron, MD at Vestact Asset Management, pulls no punches about its value.

The Saudi Government basically shoved stock down the throats of insiders, he says.

A report cleverly described it as a mirage in the desert - its stock like sandpaper.

Paul Theron, MD - Vestact Asset Management
An Aramco oil facility near al-Khurj area, just south of the Saudi capital Riyadh. Picture: AFP

Listen to the sound clip below.

Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning.

Subscribe to our Business Wrap Newsletter


This article first appeared on 702 : Aramco is now the world's largest listed company


12 December 2019 7:23 PM

More from Business

191119-saa-edjpg

SAA cancels several flights, says Flight Centre

21 January 2020 9:58 AM

Flight Centre SA has issued an advisory informing clients that SAA has cancelled several domestic and international flights.

Share this:
Read More arrow_forward

microsoftgif

Here's how Microsoft plans to be carbon negative by 2030

21 January 2020 7:25 AM

Software superpower Microsoft announces various plans to cut its own carbon emissions by more than half over the next 10 years.

Share this:
Read More arrow_forward

1530282457-34-mm-b-2017png

TV anchor Macfarlane Moleli talks money

20 January 2020 8:22 PM

Macfarlane Moleli tells The Money Show how he structures his life and sets goals.

Share this:
Read More arrow_forward

141126spotify.jpg

The stock picks of the day: Salesforce, Spotify and Standard Bank

20 January 2020 7:59 PM

The pick of the day's crop as chosen by Caroline Cremen, Portfolio Manager, Adviceworx.

Share this:
Read More arrow_forward

Mulitplug adaptor plug switch electricity energy 123rfpolitics 123rf

Seize this opportunity to make Eskom board fit for purpose

20 January 2020 7:39 PM

“ Government must ensure that state-owned entities have boards with the right mix of skills to fulfil their mandates."

Share this:
Read More arrow_forward

internet.jpg

When will the broken internet cables be fixed?

20 January 2020 7:31 PM

Damaged undersea cables frustrated many SA internet users this week. We get an update on the situation - and a backup plan.

Share this:
Read More arrow_forward

brexit-referendum-ukjpg

How will Brexit affect UK trade with Africa?

20 January 2020 6:23 PM

The UK-Africa summit is underway and after Brexit, the UK reportedly wants to boost trade with our continent.

Share this:
Read More arrow_forward

business-deal-interview-job-office-boss-123rfjpg

Lying on your CV or LinkedIn profile could land you in jail under new NQF Act

20 January 2020 4:43 PM

Think twice before fabricating or over-stating your qualifications.

Share this:
Read More arrow_forward

uct-reusablejpg

UCT Graduate School of Business wins 'MBA Olympics' – 1st for an African school

20 January 2020 2:13 PM

It's the largest, most-prestigious MBA competition in the world - 36 business schools from around the world took part.

Share this:
Read More arrow_forward

School learner pupil reading classroon 123rfeducation 123rflifestyle 123rf

By 2025, a good public school will probably cost about R50 000 per year

20 January 2020 11:52 AM

Education inflation is at about 10%, says Old Mutual. The implications are terrifying. Gerald Mwandiambira (CFP) has advice.

Share this:
Read More arrow_forward