NEWS ARCHIVES


15 July 2017

South Africa's Woolworths sees up to 10% fall in profit

Annual profit at South African upmarket retailer Woolworths Holdings could fall by as much as 10 percent...

Bloomberg editors on SA: Zuma wrecking ball risks destroying country

It’s not often that you see an editorial written by Bloomberg editors issuing warnings over the state of South Africa...

Dear Mr Malema, if you can win my Zurich land back, I'm out of here

Former ANC Youth League leader and now the head of the EFF, Julius Malema, has persistently called for expropriation of land without compensation...

The Endgame for SAA?

Government, as the owner of the airline, has had to bail out the airline with a R2.3-billion grant...

Taxi violence leads to rank and route closures in Soweto

Nxumalo said “every war has casualties” but added that they were sorry for the families of innocent people who had lost their lives in the taxi...

South African lions shot dead after Kruger Park escape

A trio of lions which escaped from South Africa's flagship Kruger National Park have been shot dead after killing a cow...

No Summertime Blues for Investec as Yellen Renews Risk Rally

Just when John Stopford thought he was out, they pulled him back in.

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

Imbalie Beauty has accepted a conditional offer from CAVI Brands which, if all conditions are met, will result in CAVI acquiring 70% of certain operating subsidiaries...

Corporate Finance Activity of the Week

RH Bophelo lists on the JSE. The company listed on the main board listing on July 12, 2017 as a SPAC.

Thorts - ‘Radical Economic Transformation’ in the mining sector – unconstitutional?

The latest Mining Charter has set the target for Black ownership at 30%, and emphasises that owners must be Black entrepreneurs, employees and communities...




14 July 2017

Rand hits one-week best; stocks lifted by banking and mining shares

"Losing the investment grade rating on local bonds is also a big worry," said le Roux...

Corrupting the country’s soul, Zupta style: South Africa, you are on your own

Who you gonna call? The Public Protector? Nah, she tripped up on a typo while trying to capture the Reserve Bank...

Future prospects for SAA? Near-bankrupt Air Zim cuts third of workforce

To date, South Africa has thankfully avoided going down the same economic disastrous route of its northern neighbour Zimbabwe...

School Maths: Dropping the bar for mathematics passes may not add up

A proposal by the Department of Basic Education could put paid to the requirement that pupils in Grades 7, 8 and 9 pass maths in order...

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

Imbalie Beauty has accepted a conditional offer from CAVI Brands which, if all conditions are met, will result in CAVI acquiring 70% of certain operating subsidiaries...

Corporate Finance Activity of the Week

RH Bophelo lists on the JSE. The company listed on the main board listing on July 12, 2017 as a SPAC.

What is EasyEquities?

All you need to know about EasyEquities, how to buy shares in your favorite brands & companies & R50 on us to help you get started...

Thorts - ‘Radical Economic Transformation’ in the mining sector – unconstitutional?

The latest Mining Charter has set the target for Black ownership at 30%, and emphasises that owners must be Black entrepreneurs, employees and communities...




13 July 2017

Why did Hout Bay explode?

A showdown is looming. Zara Nicholson, spokesperson for the mayor, says...

Sassa scraps Dlamini's work streams, eyes Postbank as Net1 replacement

It's hard to believe that South Africa has seemingly forgotten the SASSA scandal that hogged headlines earlier this year...

ANC finally reports back on last policy conference commissions, with a bang

The ANC’s policy conference finished last week but we were still being briefed on its outcomes...

Public Protector u-turn on SARB challenge, still tackling Absa, Gigaba

Public Protector Busisiwe Mkhwebane considered legal advice and decided not to oppose the application...

Cricket: Former SA bowler Tsotsobe handed eight-year ban for match-fixing

Taking it to seven, the number of South African players kicked out of the game for their part in a 2015 match-fixing scandal...

Eskom Auditors Raise Irregularities Relating to Former CEOs

Eskom SOC Holdings Ltd. said auditors have raised concerns about issues relating to Matshela Koko and Brian Molefe...

South Africa's Welfare Agency Scraps Minister's Advisory Teams

The South African Social Services Agency has scrapped the advisory groups that were set up to plan for the future of the country's...

S. African Graft Ombudsman Won't Oppose Central Bank Challenge

South Africa's anti-graft ombudsman won't oppose the Reserve Bank's court application to review and set aside her instruction...




12 July 2017

Four lions escape South Africa's Kruger park

In May, the agency captured five lions that broke free from the same park...

Thieves steal computers from South African state prosecutors' offices

In March, burglars stole 15 computers containing information on South Africa's judges and court officials...

Forgiven? Bell Pottinger must first reveal it all

One thing, though, they should always keep in mind: South Africa will not forget this newest form of colonialism any time soon...

'Illegal asset stripping?' - Mercantile Bank heads to court over R350m fraud claims

The bombshell litigation could not have come at a worse time, as the Portuguese-owned and South African-based bank is up for sale...

Tour de France for Dummies, weekend wrap: Crashes, cramps, broken bones and wins by 6mm

Passively interested in cycling? Nothing more than a passing patriotic interest in how the South Africans are getting on in the Tour de France?

Eskom Auditors Raise Irregularities Relating to Former CEOs

Eskom SOC Holdings Ltd. said auditors have raised concerns about issues relating to Matshela Koko and Brian Molefe...

South Africa's Welfare Agency Scraps Minister's Advisory Teams

The South African Social Services Agency has scrapped the advisory groups that were set up to plan for the future of the country's...

Forget Korea and China Risks, Asia Currencies Edge Peers in Poll

Never mind the tensions with North Korea and China's deleveraging drive,..

S. African Graft Ombudsman Won't Oppose Central Bank Challenge

South Africa's anti-graft ombudsman won't oppose the Reserve Bank's court application to review and set aside her instruction...




11 July 2017

Bell Pottinger apology – playing the victim – not accepted

It's the age-old excuse, “We didn’t know.” But that essentially is the thrust of Bell Pottinger’s grovelling apology..

Dear Prime Ministers Gupta: The Gathering – Media Edition kindly requests your attendance

We hear Dubai can be a bit fired up this time of year, so we thought you’d appreciate the opportunity to chill with us in the...

South Africa rand retreats after firm U.S. jobs data; stocks down

The rand, along with Russia's rouble and Turkey's lira, has seen sharp declines this week with nervousness rising about higher global interest rates...

Indecisive ANC policy conference necessitates forward planning

The National Policy Conference of South Africa's governing party, the African National Congress (ANC), has come and gone, and the skies have not fallen...

Forget Korea and China Risks, Asia Currencies Edge Peers in Poll

Never mind the tensions with North Korea and China's deleveraging drive,..




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