NEWS ARCHIVES


03 October 2017

Layoffs to hit Pick n Pay’s bottom line

Pick n Pay's voluntary severance programme has resulted in once-off retrenchment costs as it cuts costs and modernises its business.

Rolfes comes clean on material mistakes

Rolfes has released its 2017 financial results after it had to recalculate last year's numbers due to material accounting errors and an understatement of its impairments.

Coal of Africa rallies on Mooiplaats sale

Coal of Africa has sold its Mooiplaats colliery in a move that will help it deliver on its flagship Makhado Project.

Avian flu continues to ruffle feathers at Quantum

Despite preventative action taken at its commercial layer farms in the Western Cape, avian influenza has been confirmed in some poultry houses.

TeleMasters grows earnings in the face of stiff competition

TeleMasters says the pressure of a free market is evident in the telecoms sector as the average price of voice minutes keeps falling, putting pressure on...




02 October 2017

South America clouds over for Sun International

Sun International is putting the brakes on its expansion in South America after investments in Colombia and Panama haven't panned out as planned.

Trencor looks for solution to accounting quandary

Although conditions in the container leasing market have improved, Trencor has reported a first-half loss due to impairments of its container fleets.

Coal of Africa goes lite on Makhado

The company has scaled back the development plan for its Makhado Project, which will accelerate production with lower capital investment.

Alton takes another Byte at UK market

Altron subsidiary Bytes UK has bought Blenheim, the owner of value-added-reseller Phoenix Software, as it expands its international ICT footprint.

Bowler Metcalf expands its plastics business as SoftBev fizzles

In a fast-changing environment, Bowler Metcalf says its two key business interests have “commendably mastered” their respective challenges.




29 September 2017

Naspers makes a call on Delivery Hero

Naspers has increased its stake in Delivery Hero to 23.6%, making it the largest shareholder in the food delivery service.

Holdsport withholds interim dividend pending Long4Life offer

Sportsmen and women are not immune to the economic downturn as they cut back on buying gear from the likes of Sportsman Warehouse and Outdoor Warehouse.

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

Find out whats happening this week in the M&A space like JSE-listed companies, unlisted companies and companies in Africa.

Brainworks to bring Zimbabwe exposure to the JSE

Brainworks plans to issue shares at R11.50 each, raising about R317 million in next month's listing.

Ethos Capital sees new opportunities as it invests more funds

Ethos expects increased investment activity and growth in the portfolio value to provide a positive catalyst to its share price.

SARS Wars: A year after Makwakwa scandal hit the headlines, his fate is still not spoken of

More than a year ago, on 15 September 2016, SARS Commissioner Tom Moyane finally suspended Jonas Makwakwa, his then second-in-command, after the Financial Intelligence Centre had...

Corporate finance activity of the week

Your corporate finance activity of the week includes companies like Brainworks, Naspers, Kibo Mining, Growthpoint, Premier Foods and more.

Movers & Shakers – Tessa Quaker

Quaker has experience in banking and financial transactions with a focus on capital markets and financial regulatory compliance.

Thorts - What to consider when private equity comes knocking

Even in a low growth investment environment, there remains strong competition amongst the larger private equity (PE) funds for sizeable assets that attract significant market attention.




28 September 2017

Capitec’s rapid expansion continues

Capitec continues to grow customer numbers as it switches focus to middle-income "quality" customers.

Tiso Blackstar shifts to new media in a tough economy

Tiso Blackstar says it faced tough conditions last year - particularly its non-core steel businesses which are particularly sensitive to the lack of growth in the...

ANC Leadership Race: Gwede Mantashe makes his position well known

It has been claimed before in this publication that this period before the ANC's December leadership contest could turn out to be the most crucial time...

Imbalie prepares shareholders for makeover

Imbalie Beauty says it’s in the process of finalising a rights offer after a deal with Cavi Brands fell through.

Op-Ed: State failed to deliver on connecting the majority

Nothing illustrates better the paucity of the ANC's developmental state philosophy than the failure of the South Africa Connect broadband roll-out plan to connect 50% of...

Zeitz Mocaa: Cape Town’s new art museum stuns and provokes

The past weekend saw the public opening of the Zeitz Museum of Contemporary Art Africa. A project unprecedented in its scale and ambition on the African...




27 September 2017

How Section 12J VCCs mitigate risk when investing

To protect South African investors Section 12J Venture Capital Companies, (VCC’s) are highly regulated and require licenses from both the South African Revenue Service and Financial...

Aveng CEO quits as losses widen

Aveng CEO Kobus Verster has left after the construction group released delayed results for the year to end June which show widening losses.

York sales held back by weak construction confidence

York Timber says a lack of confidence in the construction sector and the absence of economic growth has held back sales volumes.

Merkel's authority weakened after elections

Politics dominated the weekend and company results from Aveng, Ferrum Crescent and Pallinghurst this week. #ChrisGilmour

Insimbi soars on AMGH acquisition

Insimbi’s acquisition of scrap metal dealers Amalgamated Metal Recycling Group last year has transformed the foundry group.

ISS Today: Nigeria’s military approach against separatists stokes more tension

Government should engage with the pro-Biafra agitators, not popularise their cause through crackdowns. By ISS TODAY.




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