NEWS ARCHIVES


14 September 2017

What companies a Section 12J Venture Capital Company can invest in.

Venture Capital Companies follow a strict and clearly defined set of regulations. In this post, we will look into the investment criteria for a qualifying company.

Richemont benefits as the rich resume their shopping

After destroying excess inventory last year, Richmond has reported rising sales across all regions, with particularly strong growth in the Asia Pacific.

Apple unveils three new iPhones, hails 'biggest leap forward'

Apple has unveiled three new iPhone models, including a top-of-line handset described as "the biggest leap forward" since the original iPhone 10 years ago.

With Irma goodwill gesture, Tesla's remote control raises eyebrows

Electric car maker Tesla helped its owners fleeing the path of Hurricane Irma, offering a complementary boost to the car battery's range.

Tough year gets even tougher for Jasco

The electronics group says while it managed to maintain operating profit at last year’s level, headline earnings slumped 61% to 2.5c per share.

Refocused Altron flags earnings rise

Headline earnings per share from its total operations, including those that have been discontinued, are expected to rise by between 16% and 36%.

Zuma, State Security and Public Protector behind attack on SA Reserve Bank, court papers reveal

An explosive affidavit filed by the South African Reserve Bank in the Pretoria High Court on Tuesday has confirmed suspicions that Public Protector, Busisiwe Mkhwebane, colluded...




13 September 2017

And then there was one

Ben Kruger is stepping down as joint CEO of Standard Bank, leaving Sim Tshabalala to lead the bank. Kruger remains an executive director.

Comair flying high on rand tailwind

Comair has reported a sharp rise in profit for the year to end June as it benefited from the rand’s recovery from a year earlier.

Ascendis holds back on final dividend so it can make more deals

Ascendis Health has held off on a final dividend as it looks for more acquisitions to complement its existing portfolio of healthcare businesses.

Cutting back could be the key to retiring much earlier

Retirement might seem light-years away, but if you get to your golden years with insufficient funds, it's guaranteed to be even further.

Clover blames it on the weather and weak economy

Clover has reported a sharp drop in profits due to drought, wet weather, the weak economy and volatile rand.

Trellidor boosts revenue with Taylor acquisiton

Trellidor says last year’s acquisition of Taylor Blinds has helped diversify its revenue streams and given it a new market to grow into.

Adcock buys Genop to expand its non-regulated portfolio

Adcock Ingram is buying Genop Holdings in a move that it says will complement its existing portfolio of drugs and products and diversify its business away...

TRAINSPOTTER: The Way we are. The Where we are.

There are literally hundreds of rumours circulating the South African political space. Here's Richard Poplak's take on what's playing out.




12 September 2017

AVI brands withstand the tough economy

AVI has made up for weaker sales volumes of tea and biscuits by raising prices.

Remgro gets a boost from positive bond revaluation

The investment holding company expects to post a sharp rise in headline earnings due to a positive fair value adjustment on its Mediclinic bonds.

Morningside News delivers hyper-local news, views and events to Sandton residents!

When it comes to news, we’re spoilt for choice with a variety of news channels, newspapers, websites, radio bulletins and social media feeds to choose from....

US: From Hurricane Harvey to Cyclone Donald, a country weathering multiple storms

As yet another astounding hurricane lashes part of America, J. BROOKS SPECTOR reviews the legislative storm that struck Washington this past week.

Zimbabwe: Marange diamond fields firms ‘captured’ by sinister spooks, state elites

Political elites and security services have captured the companies mining Zimbabwe's Marange diamond fields and siphoned off billions, according to a new report.

Analysis: What’s behind the ‘sale’ of The New Age and ANN7 to Jimmy Manyi?

What are we to make of the purchase by Jimmy Manyi of the Gupta-owned media assets? On the information available, it looks like a scam.




11 September 2017

What is Section 12J?

Would you like to know what a Section 12J Venture Capital Company is and what it means for an investor?

Rex Trueform tries to entice more shoppers through Queenspark’s doors

Rex Trueform is developing more properties and expanding its retail offering as it tries to grow turnover in a tough market.

Gassed up Afrox lifts interim dividend by 21%

Afrox is seeing increased demand for its gases, particularly from hospitals and the homecare market which use it for the diagnosis and treatment of clinical conditions.

ANC in Opposition: Challenging the DA while it’s vulnerable in Joburg

Barely a month goes by without a no confidence motion somewhere across government. The latest motion is playing out in Johannesburg.

Metrofile eyes growth opportunities in Africa and the Middle East

Metrofile says the weak local economy held back business growth last year, as has the continued delay in government and corporate spending decisions.

RMBH looking for new opportunities in the property sector

RMB Holdings says it plans to grow its newly-created property business and is looking for expansion opportunities, either independently or through the existing portfolio.

Desmond Tutu to Aung San Suu Kyi: The price of your silence is too steep

As we witness the unfolding horror, we pray for you to be courageous and resilient again. An open letter by Archbishop Emeritus Desmond Tutu.




08 September 2017

Bumper dividend from FirstRand despite economic headwinds

FirstRand says it will battle to achieve top line growth in an economy characterized by low domestic demand and pressure on personal incomes.

Sanlam expects no quick recovery in local market conditions

Sanlam is the latest large corporate to bemoan heightened political uncertainty and weak business and consumer confidence, following March’s cabinet reshuffle.

Corporate finance activity of the week

Vodacom shares being sold on the open market, Steinhoff Africa Retail announces IPO prior to listing on the JSE and Orion Minerals seeks listing on the...

African Rainbow Minerals springs back on higher commodity prices

African Rainbow Minerals has sprung back from a loss thanks to higher dollar commodity prices and a tight rein on costs. It’s paying shareholders a record...

Spur says social media fallout may have hurt sales

Spur says the social media fallout following a racist incident at one of its restaurants affected turnover in the last quarter of the year.

Clover sours on drought and rand volatility

Diary and drinks group Clover says results for the year to June are going to be even worse than previously expected due to a number of...

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

Have a look at what's happening in the M&A space this week with JSE-listed companies, unlisted companies and companies in Africa.

Movers & Shakers - Tanya Seitz

Tanya Sietz is a senior associate in Baker McKenzie’s Johannesburg office. Her area of focus is mergers and acquisitions both public and private and corporate practice.

Thorts - Namibia; still a charming destination

Namibia, a country with an abundance of scenic views, landscapes and cultures, has secured its place among the elite tourist locations within sub-Saharan Africa.




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