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23 January 2018
The group sold down its stake in the investment group from 16% to 2.5%, raising R7.1 billion.
The group’s loss comes as it recommends an all-share offer from Sibanye-Stillwater to buy the platinum miner.
The pharmacy group says strong promotional activity helped lift sales over the festive season.
The luxury goods group says digital channels are becoming critically important in meeting luxury consumers’ needs.
The positive momentum of recent weeks on the global economy front continued last week with the release of China’s Q4 2017 and full year (FY) 2017...
22 January 2018
The UK’s Sunday Telegraph says private equity firms are interested in buying Poundland, while a management buyout is also being mulled.
The debt repayment holiday comes at a cost, with an additional interest spread of 2.5%.
The Guptas used an international network of scrap metal dealers to launder hundreds of millions in kickbacks between China, India, the UAE and South Africa. We...
South African journalism has had some low points in its 200-year history. This week's admission that the SABC sells interviews without telling the audience is one...
Each week, Daily Maverick brings you some of the odder happenings from across the globe and closer to home. This week: desperate times call for scammers...
19 January 2018
The group has moved to reassure lenders that it’s cleaning up its business but may need limited waivers on its debt covenants.
A second-half improvement at its Massbuild and Masswarehouse division left full-year sales marginally higher.
This is the 10th year in which such an award is to be made. Candidates are nominated by their peers in the M&A industry. From these...
The platinum miner’s tangible net worth value is expected to have fallen below $1.1 billion, which would have triggered a default.
BMI Healthcare is busy negotiating a long-term financing agreement with its lenders and rent reduction deal with its landlord.
Mahlare is well equipped bringing with her a wealth of skills in general management, commercial, operational and engineering experience. She has worked at SABMiller, Tanzania Breweries,...
In early 2013, the JSE Limited Listings Requirements were amended to provide for the listing of a special purpose acquisition vehicle (SPAC) on either the Main...
Welcome to the first corporate finance activity of the week for 2018 by DealMakers SA
Wondering whats happening in the M&A space for 2018? From JSE-listed, unlisted and companies in Africa brought to you by DealMakers
Lies, misinformation, genuine errors and conspiracy theories about the Cape water crisis are all circulating busily on social media. The reality is scary enough without the...
There are several unanswered questions. By Aidan Jones and Nathan Geffen for GROUNDUP.
Cash payments of social grants are still to be done by Cash Paymaster Services -- for now. By Barbara Maregele for GROUNDUP.
On 18 December, slap bang in the middle of the ANC's bruising elective conference at Nasrec, Anele Mdoda, host of the SABC 3 Real Talk with...
18 January 2018
While clothing sales have been strong, consumers are spending less on sportswear and items for their homes.
Shares in the ICT group jumped as much as 4.9% after it said interim earnings would rise by as much as 25%.
International law firm Hogan Lovells is "disappointed" by Lord Peter Hain's "unfounded accusations" over the firm's handling of the Jonas Makwakwa debacle, the firm's Regional Managing...
The Competition Tribunal wants the platinum miner to employ retrenched workers from the Rustenburg area.
The Competition Tribunal has given the go-ahead as long as it doesn’t result in job losses in the first two years.
The metals and mining group says making SA Energy Coal a stand-alone business will simplify its structure and unlock value for shareholders.
Six reasons why the Top Six in the ANC are fighting a Sisyphean battle.
17 January 2018
The supermarket chain says slower first-half growth should be seen in the context of internal price deflation.
Acquisitions and a strong holiday shopping season have helped lift sales for the nine months to end December.
Remedial action implemented by shareholder Bidvest has resulted in a continued turnaround at the pharmaceuticals group
From a global economic perspective, both developed markets (DM) and emerging markets (EM) are moving nicely into 2018...
The insurance group has appointed a new CEO, deputy CEO and financial director to strengthen its management team.
The ports, logistics and shipping group hopes for an international listing by mid year.