(6 January 2020) The New Year has just begun and billionaire companies including investment company The Omar Abdulla Group will now be shying away from social media companies including Instagram SA and Facebook SA, the companies that The Omar Abdulla Group owns.
“We see a more lucrative return in the production of film-making including distribution on cinema levels and other formats. The company sees distribution through DVD format still a lucrative option with large investments being ‘pulled out,’ the social media companies.’
Abdulla, who became the f I r s t billionaire in South Africa at age 35, now sees opportunities in the insurance and finance sectors.
‘We are working on getting certain license agreements so that we may allow lucrative trading on our platforms. The other companies that we own including Bitcoin SA and Forex SA, see opportunities with new president elect, Mr. Cyril Ramaphosa.’ added a spokesperson.
Other people to spoke to City News cooled that Mr. Omar Abdulla is well-known for making fast returns for investors and should consider running for President of SA, in coming years.
“He has the leadership and management qualities for running as South African president, and together with his personality attributes, his personal skills and knowledge about the presidency, he should be an interesting match for future candidates.”
Top advertisers for The Omar Abdulla Group for 2019 include Ajmer Butcheries, Superb Olivetti, D’lish, Akhalwayas, Pick ‘n Pay, Sedgars, Outsurance, Future Fin, Laudium Sun, Lenasia Times, Radio 702, Ster-Kinekor, CII Radio, Nu Metro, Zizi’s Creations, Sunday Sun, Amla Accountants and Kcarrim.
“These advertisers have stood by Abdulla’s side and are planning to re-new their contracts with the group.’ leaped a financial wizard.
Whilst many businesses in South Africa expect Abdulla’s investment on relative companies in South Africa and internationally, he has stood tall on investing big, and knowing when to withdraw from the markets.
Abdulla who started at the tender age of 18, investing into small to medium companies sees media as a good investment, finance and business as good investments and other ‘new companies,’ as the future of South Africa.
“Invest your time and wealth into the right companies to extend market share growth.’ he seeped.
Concluding his remarks to CNN, Abdulla says that the future investment of his company will be to unbundle Instagram SA and Facebook SA, and replace these companies with more stable returns.
“We feel the market has been saturated with social media investment, and will now focus on longer term social engines including Youtube SA and Google SA.’
“The market is just too young on the younger search engines and we believe that we can earn much more on more mature social networks and investments, as these are where the customers are.’ he concluded.