Naspers goes big on Swiggy

Naspers is investing $660 million in the latest funding round for India’s largest food-delivery business.

Shoprite reels on Computicket fine

The Competition Commission has recommended that the retailer be fined 10% of its annual turnover for Computicket’s anti-competitive behaviour.

AB InBev eyes cannabis market

The world’s biggest brewer is partnering with Canada’s Tilray in a $100 million venture to investigate cannabis-infused beverages.

New CEO to drive Aveng recovery

Non-executive director Sean Flanagan has been involved in the strategic initiatives aimed a turning the engineering and construction group around.

DAWN targets February delisting

Shareholders will be asked to approve the scheme of arrangement at a meeting on 21 January.

Taste asks shareholders to fork out

The fast food and jewellery group will ask for approval for a R132 million, fully-underwritten rights offer.

Glencore’s Katanga settles Canadian probe

Transaction Capital eyes European debt market

The group is entering a joint venture with some of its founding directors that will give it exposure to the larger European market.

Beaten down Libstar to buy back shares

The food producer says its decision to repurchase up to 3% of its stock won’t affects its commitment to pursue growth strategies.

A2X enters the big league with Naspers listing

South Africa’s biggest company by market capitalisation has taken a secondary listing on the year-old exchange.

Nedbank spends R2 billion in odd-lot buyback

Shareholders in SA, Zimbabwe and Malawi will be paid out this week, while UK shareholders will receive payment at the end of the month.

Gold Fields counts the costs as strike ends

The gold producer says it will still proceed with retrenchments at South Deep as it puts the mine on a sustainable road to recovery

Would you like to help Friends of Johnny Clegg?

It reads like the a Blockbuster movie tagline: “Trained anthro-pologist and Durban academic becomes world-renowned and revered musician!”

The Week Ahead of 19 December 2018

#ChrisGilmour - All eyes on the Fed this week...

Aspen's debt a bitter pill to swallow

The group has negotiated a temporary change to its debt covenants as it awaits the sale of its infant nutritional business.

Steinhoff creditors approve debt proposals

The retail group says the approvals will increase financial stability and allow it to focus on maximising its potential.

Stellar Capital finds buyer for Amecor

The investment group put its security communication equipment subsidiary up for sale after unsolicited buyers came forward for the group.

Shelagh Gastrow: Is corporate giving philanthropy?

It is important for non-profit organisations to understand the difference in values and purpose when it comes to private philanthropy and corporate social investment. Alignment of...

GROUNDUP: Questions and answers about the National Minimum Wage

This is what every employer and employee needs to know.

MOTORING: Mercedes-Benz A250 Sport: A class act

With an innovative cockpit and hi-tech user interface, nimble dynamics and plenty of kit, the third-generation A-Class finally has what it takes to tackle its rivals...

Aspen could offload unit to Mylan

Mylan has taken over the distribution of a portfolio of products in Australia and New Zealand and has the option to purchase it for R1.93 billion.

Group Five assets attract interest

The construction and infrastructure group says a number of parties have expressed interest in buying various parts of its business.

Amplats forecasts bumper earnings

The platinum producer says it’s benefited from a higher rand-platinum price and a better performance across its operations.

Afrox flags lower earnings as it restructures

The industrial and healthcare gases group says the restructuring will help it grow profit in the future.

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

Weekly summary of M&A activity by South African companies

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

Weekly summary of all M&A activity from across Africa (excluding South Africa)

Weekly corporate finance activity by SA exchange-listed companies

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

Thorts - Can M&A activity in SA recover?

Much of the developed world has seen explosive growth in mergers and acquisitions for 2018, but M&A activity in SA and Africa have languished