NEWS ARCHIVES
19 June 2018
Liberty shares fall after blackmail attempt
The life assurer says there’s no evidence yet that any customers have suffered any financial losses due to its systems being hacked.
ATON cleared for Murray vote today
Shareholders will be asked for their approval for the group to pursue a takeover of Aveng.
The group is still planning an offshore listing to make it easier to access international debt and equity funding.
The impairment of its DRC assets detracted from a strong performance from the cement producer, with profit more than doubling.
Capital targets business market
Capitec is one of a number of parties interested in buying Mercantile as it expands its services.
The Week Ahead of 19 June 2018
The falloff in retail sales may well be a hangover from some pre-emptive buying in Mar ahead of the one percentage point increase in VAT on...
#Russia2018: World Cup highlights: Brazil held to 1-1 draw by Switzerland
Neymar's Brazil were held 1-1 by Switzerland in their opening World Cup game at Rostov-on-Don on Sunday.
#Russia2018: World Cup highlights: Champions Germany stunned in Mexico defeat
Mexico stunned holders Germany 1-0 in their opening World Cup match in Moscow on Sunday.
18 June 2018
Wiese's Invicta provides for SARS settlement
The group has provided a further R400 million against a potential tax settlement as it continues to barter with the Receiver.
STAR reverts to Pepkor as Steinhoff sells Kika-Leiner
Steinhoff is selling its Austrian business to property group Signa after it failed to secure support from creditors, suppliers and credit insurers.
PPC impairs DRC assets after elections uncertainty
The cement producer says infrastructure projects in the DRC are on hold, leading to an oversupply to the local market.
Basil Read enters business rescue
The company has opted for business rescue after banks refused to provide bridge funding, leaving it in financial distress.
GAIA eyes more infrastructure investments
The investment holding company says it has a strong pipeline of investment opportunities yielding above target investment returns.
Analysis: #Russia2018: World Cup goal-scoring trends through the years
We're off and away at the World Cup. It wasn't quite Siphiwe Tshabalala's wonder strike from 2010, but the tournament still went off with a bang....
15 June 2018
Mitsubishi lifts stake in Anglo’s copper project
The Japanese company will pay $600 million to increase its stake in the copper project to 40% from 18.1%.
Kibo’s losses widen as it lines up projects
The mining exploration and energy company is positioning itself as a strategic regional electricity supplier.
PSV close to empowerment deal, recapitalisation
The industrial manufacturing group says Regis will subscribe for shares on the proviso that it introduces a B-BBEE partner.
Judge clears AT&T merger with Time Warner in huge antitrust case
A US judge Tuesday approved the $85 billion merger of wireless and broadband giant AT&T with media-entertainment conglomerate Time Warner, delivering a stinging rebuke to Donald...
Who’s doing what in the South African & African M&A space?
Vodacom has announced a R17,5 billion BEE ownership transaction which will see the company’s BEE partners exchange their current shareholding in Vodacom South Africa (implemented in...
Corporate finance activity of the week
Old Mutual is to proceed with the offer of up to 9.6% of the ordinary shares in Quilter plc. The price range has been set at...
Sport in an INCEtant! 15 June 2018
My stand out moments from last week have to be the amazing performance by Springbok debutant, S’bu Nkosi who scored two tries and helped the Boks...
US, Mexico and Canada to host 2026 World Cup
The United States, Mexico and Canada won the right to host the 2026 World Cup after easily beating Morocco in a vote by FIFA member nations...
KAROO KOS: Karoo Food: Life feels better after digesting this meaty tome
Karoo Food, by Graaff-Reinet based foodie, chef and seasoned 'Karooster', Gordon Wright, sure is one meaty tome. Launched at the annual Stoep Tasting Wine Weekend in...
Thorts - Govt’s stance on M&A public interest issues
The mood of investors has tangibly changed since December 2017, when South Africa's political environment entered a new phase. Land issues aside, investors are feeling more...
14 June 2018
Tencent sale boosts profit at Naspers
The media and internet group expects full-year EPS to be as much as 390% higher, while HEPS will be up by 70% to 75%.
Glencore settles with Gécamines in DRC dispute
Glencore and state-owned Gécamines have sorted out their differences over a massive capital shortfall at their DRC joint venture.
Aveng slumps on rights issue debut
The construction group’s shares started trading ex-entitlement to its R500m, 10c per share rights issue yesterday.
Peregrine sells securities business to Legae
The financial services group says the higher capital requirement of its securities businesses are out of kilter with its other divisions.
Sea Harvest reels in Viking deal
The company has led a consortium of black investors that will buy Viking Fishing in a deal valued at R885 million.
Tesla cutting 9% of staff; layoffs not to affect Model 3 production
Electric carmaker Tesla Motors announced Tuesday it was cutting nine percent of its workforce to enhance profitability but said the move would not affect an ambitious...
13 June 2018
Zac Elkin: A fork in the road is coming for South African school rugby
If we continue on the current path in school rugby, many schools with proud rugby histories will very soon come to a fork in the road...
Currency headwinds blow smoke on BAT
The cigarette maker claims to be outpacing the industry growth but the stronger dollar is weighing on profit growth.
Sun International loses Chile licence
Competing bidder for the licence submitted a higher economic offer which wouldn’t have delivered acceptable returns.
Barloworld bids adios to Iberia
The group has sold its Iberian Caterpillar earth-moving equipment business to Italian group Tesa for an initial payment of €142 million.
Bulked up Stor-age boosts payout
The self-storage REIT says it has the capacity to make more acquisitions in SA and the UK.
Grand Parade rallies on FD appointment
Shares in the casino and fast food group jumped as much as 11% after it said it had appointed Colin Priem as its new FD.
