08 October 2018

Steinhoff bounces on Mattress Firm bankruptcy plan

The court-supervised prepackaged financial restructuring will help Mattress Firm strengthen its balance sheet and optimise its store footprint.

intu soars on potential takeover

After being shunned by rival Hammerson in April, intu’s shares jumped as much as 30% on Friday on renewed takeover prospects.

Tongaat warns of earnings slide

Sugar prices remain under pressure and the group sold less than one developable hectare of land in the six months to end-September.

Phumelela benefits from global appeal

While the sports betting group was affected by the weak SA economy it said it retained its appeal in international markets.

JOBS SUMMIT: Ramaphosa and job creation - no easy answers in times of crisis

President Cyril Ramaphosa said on Thursday that a pact between government, business and labour, announced at the Jobs Summit, will create 275,000 jobs a year. While...

WILD COAST MINING RIGHTS: As tensions rise, government insists there's no decision to grant Australian company the right to mine at Xolobeni

Comments made by Mineral Resources Minister Gwede Mantashe in a radio interview this week gave credence to the idea that the government intends to grant mining...

05 October 2018

Pioneer Foods still taking strain

Shares in the food producer sagged after it indicated that growth had slowed in the second half of its financial year.

Rand falls on weaker outlook, strong dollar

After flirting with R14 to the dollar last month, the rand is now closer to R15 as the outlook for economic growth deteriorates.

Who’s doing what in the South African & African M&A space?

Weekly summary of M&A activity by South African companies as well as activity from across the rest of Africa...

Corporate finance activity of the week

Weekly summary of corporate finance activity by South African exchange listed companies...

Days of Zondo: Zuma, Mahlobo, Joemat-Petterssson, Nkoana-Mashabane strong-armed Nene into signing secret Russian nuclear deal

In 2015, prior to his one-on-one meeting with Russian president Vladimir Putin, former president Jacob Zuma had placed pressure on the minister of finance Nhlanhla Nene...

ISS Today: China's salami slicing takes root in Africa

With the consent of African governments, China's subtle but deliberate strategy is paying off. By Ronak Gopaldas for ISS TODAY.

Thorts - Now is the time to invest in African agritech

Approximately 55% of sub-Saharan Africa's population is employed in agriculture. Therefore, the cost of moving to autonomous farming is much greater in Africa than in agricultural...

GroundUp: Victory for debtors as judges rule that cases must be referred to lower courts

The Pretoria High Court finds that access to justice is denied when banks drag cases into high courts. By Ciaran Ryan.

04 October 2018

EOH in a loss after disastrous year

The technology outsourcing group has restructured its business into two operations under a new CEO.

Steinhoff’s Mattress Firm on the ropes?

Unsubstantiated reports say the US’s largest mattress retailer could file for bankruptcy protection this week.

Group Five rallies on Intertoll correction

The group plans to reduce its stake in Intertoll Capital Partners to 10% and not the 40% stated in its results this week.

Aveng sells rail business for R133 million

Aveng Rail has been sold to empowerment group Mathupha Capital which aims to become a fully-fledged railway solutions provider.

FedEx (FDX) a solid investment for the growth portfolio

FedEx is currently undervalued and could be a good solid investment for a growth portfolio.

Analysis: The talented Mr Gigaba and the impermanence of power

When power changes hands in a political game, many players end up getting caught up in the fallout. While the centre of gravity goes one way,...

Britain will stop favouring EU workers after Brexit: PM

Britain will end preferential access for European Union workers after Brexit, Prime Minister Theresa May announced on Tuesday, saying she wanted to attract high-skilled immigrants wherever...

Op-Ed: What ensures sporting excellence?

Fernando Alonso's imminent retirement from Formula One inevitably draws comparisons with the sport's greats. Considered to be one of the best of his generation, many suggest...

03 October 2018

Group Five takes steps to stem losses

The engineering, construction and infrastructure group has burned its fingers badly in Ghana and is reassessing other potentially risky contracts.

Datatec flags return to profitability

The information and communications technology group says it’s had a strong start to the year following the reshaping of Westcon International.

Sirius acquires another German business park

The German-focused property group says it’s close to completing the deployment of its €100 million war chest.

Northam inks 3-year wage deal

The platinum miner says the Zondereinde deal provides for continuity and certainty at the mine.

Analysis: Nugent and Zondo inquiries: Where Meandos go to die -- flushing out lies, waffle and BS in State Capture project

The terms of reference for the Nugent Commission of Inquiry into SARS and the Zondo Commission into State Capture leave little room for waffle, bullshit or...

Parliamentary Notebook: Repeat offender SAA is among 11 that failed to make the annual report deadline

Eleven government departments and entities missed the statutory deadline to table their 2017/18 annual reports in Parliament. As the midday deadline on Friday approached, the tally...

United Nations General Assembly: Space-bound Eddie Ndopu gives Brand South Africa a boost

Brand South Africa was on fire on the sidelines of the United Nations General Assembly, inviting human rights activist and future space-traveller Edward Ndopu to inspire...

EVITA'S FREE SPEECH: Ep. 162: Evita celebrates with presents (Video)

Evita Bezuidenhout celebrates 20 years of her Darling venue Evita se Perron with a weekly episode of 'Evita's Free Speech'. Here's the Episode 162.

02 October 2018

Alex Forbes soars on CEO appointment

The financial services group has moved quickly to replace Andrew Darfoor, whose services were terminated last week.

Zeder to harvest more from its investments

The food and agribusiness investment company expects a strong rise in interim profit due to a recovery in its underlying investments.

Texton’s troubles mount

The property fund has faced a number of challenges as it nears the end of a portfolio rationalisation.

Conduit’s insurance business gains traction

Constantia reduced its net underwriting loss by three quarters but earnings from its investment portfolio declined over the year.

The Week Ahead of 2nd October 2018

The US Fed raised US short term interest rates by 25 basis points as expected last week and signaled that one more rate hike can be...

Sport in an INCEtant of 2nd October 2018

In an absolute cracker of a Ryder Cup, Europe were able to take the spoils in one of the best team performances in recent history!

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