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04 December 2017
The fund manager says it was positioned for a weak economy due to the political situation in the country.
The bank has placed 7% of its Barclays Africa in safekeeping pending its take-up by the PIC.
In the Eastern Cape on Thursday, the ANC overwhelmingly nominated Deputy President Cyril Ramaphosa for president. It's the first of the big provinces to nominate, and...
The bank that was salvaged from ABIL has reported a profit as it takes a more cautious approach to lending.
In August 2014 Lesotho Prime Minister Tom Thabane appointed Atul Gupta as an "economic investment envoy". Thabane said ANC President Jacob Zuma had introduced him to...
Each week, Daily Maverick brings you some of the lesser-reported news from South Africa and further afield. This week: the not-so-festive side of the season.
01 December 2017
Former CEO Sizwe Nxasana was expected to take the helm but couldn’t due to extensive demands on his time.
Consolidated Infrastructure Group has unveiled the full extent of problems at its Consolidated Power Projects division that have resulted in a full-year loss.
The company has raised R200m by way of a private placement of 67,567,568 shares at an issue price of R2.96 per share. The new shares were...
The African retail giant says the Shoprite stake will give it a complementary food and grocery offering.
The gold miner has completed a planned shutdown at the mine two weeks early.
Long4Life has acquired from senior management, Africa Beverage Venture and Raubenbel, 100% of Chill Beverages International, a producer, packer and distributor of a range of beverages.
It says the additional R15 million will strengthen its balance sheet and fund its internal restructuring and growth plans.
Infrastructure as an asset class can provide a distinct addition to African pension and investment portfolios and is increasingly being considered.
30 November 2017
Naspers says its e-commerce businesses are starting to gain momentum, with the result that first-half revenue grew by 17% more than last year.
The agricultural services group added nine new fuel sites to its offering last year and has since bought another three.
Profit is lower as the digital solutions provider positions itself for growing digitisation of the economy.
South African Revenue Service (SARS) Commissioner Tom Moyane maintains that Jonas Makwakwa, Chief Officer for Business and Individual Taxes, had every right to be back at...
The agricultural group says interim results shouldn’t be used to project full-year earnings due to the seasonality of crops.
The AltX-listed processor and distributor of steel products says its size doesn’t justify its listed status.
While South Africa was caught up in the 2010 World Cup frenzy, Free State premier Ace Magashule was allegedly pulling the strings behind a multimillion-rand tender...
29 November 2017
The packaging group has also been more successful in repatriating cash from Nigeria.
First-half profit was boosted by a recovery in its mining division and an improvement in Australia.
The investment group has bought the Western Cape-based maker of Fitch & Leedes and Score Energy.
The maker, distributor and exporter of articulated trucks and earthmoving equipment has flagged a strong rise in full-year earnings
Friday's GuptaLeaks story was important for revealing what looked like a corrupt nexus between the Gupta's ANN7 television channel, its pay-TV carrier Multichoice and former Minister...
Demand for credit from small and medium-sized businesses, as well as entrepreneurs, is leading to a growing loan book at Ecsponent.
There is no shortage of economic policy programmes in South Africa and we tend to race through them without implementing any of them. By DIRK DE...
28 November 2017
The branded food group is focusing on margins as weak consumer confidence weighs on volumes.
The group wants to broaden black ownership of the asset and introduce communities and workers as shareholders.
At the end of every year, employees look forward to or even financially plan around the receipt of an end of year or Christmas bonus. However,...
The engineering and capital equipment group says its global operations should help carry it until local conditions improve.
The real estate investment trust says exposure to the UK and Spain will shield it from tough conditions at home.
All eyes were on the release of Moody’s and S&P’s ratings decisions on Fri Nov 24. We had to wait until after the close of markets...