Mothekgi R.

Rule no. 1: keep things private on social media

I'm thinking of getting her these. 🔥🔥

Kids are somehow.... My daughter scared me and said my late grandmother was standing behind me 😭

Europeans during colonialism killed 26 million elephants in Africa, especially in Ivory Coast, just to make piano keys, but today they want to teach us animal conservation. Hypocrites.

“If you’re still poor at 35, you deserve it.” - Jack Ma

The day is getting closer… 👀🔥 THE “DAI DAI” MUSIC VIDEO IS COMING!

Shaq reveals he tracked down his biological father who abandoned him and found out he lived 40 blocks away the whole time "My mother said you should connect with your biological father. I called my uncle who's a cop. He said, 'You ain't gonna believe this, you know that restaurant we eat at all the time? He lives in that building'" "There was always a chef there who'd start crying when he saw me. He said, 'I'm Joe's best friend. I just hope one day you come down here and y'all can eat'" "He's 40 blocks away. I went to meet him. He said sorry. I said, you don't need to say sorry, everybody has their problems"

Balwin Properties has received a R2.26 billion buyout offer💰 The offer comes from a consortium led by the PIC, acting on behalf of the GEPF, alongside CEO Stephen Brookes and MD Rodney Gray. Two years ago, I wrote a piece for the Mail & Guardian asking whether Balwin was too bold for the South African market and why they should delist. Today, that question has a definitive answer. The offer is R4.35 per share - a 41% premium to the six-month volume-weighted average price. If approved, Balwin delists from both the JSE and A2X, ending a public market run that began in 2015. In my December 2024 M&G article, I raised concerns that now feel prescient. Profits had dropped 57%, and revenue was down 28% in the interim results to August 2024. The loan-to-value ratio was above the comfortable range. Dividends had been suspended. Munyaka had 3,705 of 5,020 apartments unsold. The share price had fallen from roughly R10 at listing to R2.30. The full-year results to February 2026, released just before the announcement, show genuine recovery, but also why that recovery cannot solve the structural problem. Revenue grew 21% to R2.7 billion. Apartment handovers increased 17% to 2 053 units. Recurring profit grew 36% to R273.6 million. The loan-to-value ratio improved to 38.1%, finally within the target range. These are not the numbers of a distressed business. And yet the board declared no dividend for the 2nd consecutive year. That single fact captures everything about why Balwin and the JSE were always a difficult fit. Property investors expect income. Balwin’s model: long cash-conversion cycles, multi-year inventory build-up, heavy infrastructure investment, makes consistent dividends structurally difficult regardless of how well the underlying business performs. The geographic picture in the results is also telling. The Western Cape now accounts for 54% of apartment sales revenue, up 47% to R1.3 billion. Gauteng, despite 11 active developments, contributed just 39%, with revenue growing only 2%. The results explicitly note a change toward rental preference over ownership in Gauteng. Meanwhile, across the full build-to-sell portfolio of 41,226 planned apartments, 25,056 remain unsold. In Tshwane alone, 11 751 apartments are unsold, a node where Balwin invested R120.6 million in infrastructure. This is a business making long-dated bets that the public market has neither the patience nor the appetite to back. The tangible net asset value per share as at February 2026 was R9.72, more than double the offer price of R4.35. That gap between what the business is worth on paper and what the market has been willing to pay is the clearest possible argument for going private. The PIC and GEPF can absorb a 15-year pipeline and a 7 700-apartment rental pipeline on land already owned by the group. Public market shareholders cannot. My view is the same as it was 2 years ago, just more certain. This is the right move, and it should have happened sooner.

Gautrain Enters the E-Hailing War! Uber and Bolt could soon face serious competition after Gautrain announced plans to launch its own e-hailing service, Gau Express, in October 2026. The new service will be integrated directly into the Gautrain app, allowing commuters to book rides across Gauteng without needing another app. Passengers using the Gautrain will also benefit from discounted fares, making daily transport cheaper and more convenient. The launch forms part of Gautrain’s major expansion strategy, with proposed new routes and stations targeting areas such as Soweto, Mamelodi, Fourways, and Lanseria. Would Gau Express replace Uber or Bolt for you?

The BBC portrays an indebted Afghan father selling his 7-year-old twin daughters into sexual slavery with adult men as a man who is forced to make difficult choices 🇦🇫

No‼️ Go back to your country and build your own small town there!!

VIDEO | DIRCO Spokesperson Crispin Phiri has cautioned South Africans against taking part in attacks against foreign nationals in KwaZulu-Natal. Credit: Tshepiso Moche.