NEWS ARCHIVES


08 July 2017

South Africa Taxi Council Suspends Plan for July 12 Strike

Taxi operators in South Africa suspended plans to strike on July 12, pending the outcome of talks with Transport Minister Mkhacani Maswanganyi...

Eskom signs R19.6 bln loan agreement with China

The power utility, which has in the past been forced to impose power cuts due to insufficient supply, is scrambling to revamp...

Coal lines to South Africa terminal halted by violent protests

Richards Bay Coal Terminal (RBCT) have been halted because of violent community protests...

Zambia: President Lungu ratchets up repression, calls for state of emergency

Zambia’s president Edgar Lungu called for a state of emergency...

Amazon Just Launched Its Own Line of Wines

Drink up, because Amazon is coming out with its own wine label, called NEXT...

Popeyes Chicken Vows Africa Caution After Johannesburg Opening

Popeyes Louisiana Kitchen, the latest in a flurry of well-known U.S. fast-food chains to test the South African market...

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

Redefine Properties has disposed of its 22.8% stake in Delta Property Fund to a women-led BEE consortium in a R1,45 billion vendor funded transaction...

Corporate Finance Activity of the Week

Safari has issued 20,000,000 shares to SA Corporate Real Estate for a total cash amount of R152 million...

Thorts - Private equity: Value creation in an increasingly competitive African market

The emergence of African private equity as a popular asset class has had much to do with Africa’s compelling economic fundamentals...

South Africa's ANC Divided Over Land, Mines in Policy Talks

Opposing factions in South Africa's ruling party battled to reach consensus on contentious policy proposals, including land seizures and mine ownership...

South Africa's ANC Proposes That Central Bank Be State-Owned

South Africa's ruling party has proposed that the central bank should be wholly state-owned rather than an institution with private shareholders...

Traders on Edge Dump Rand on Proposal That Won't Change Anything

It's a sign of how nervous investors are about South Africa...




07 July 2017

'ANC of thugs': Russell Loubser slams Zuptas, state capture in BizNews interview

Former JSE CEO and ex-SAA director Russell Loubser, has come out swinging at deepening corruption - Alec Hogg

Bell Pottinger – more than just spin, it’s political interference in sovereign states

From Nigeria to Malawi, from Tanzania to South Africa, Bell Pottinger appears to have had a hand in undermining sovereign democracies.

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

Redefine Properties has disposed of its 22.8% stake in Delta Property Fund to a women-led BEE consortium in a R1,45 billion vendor funded transaction...

Corporate Finance Activity of the Week

Safari has issued 20,000,000 shares to SA Corporate Real Estate for a total cash amount of R152 million...

Thorts - Private equity: Value creation in an increasingly competitive African market

The emergence of African private equity as a popular asset class has had much to do with Africa’s compelling economic fundamentals...

Tanzania Passes Laws Enabling Renegotiation of Mining Deals

Tanzania approved two laws that enable the government to renegotiate contracts with mining and energy companies...

South Africa's ANC Divided Over Land, Mines in Policy Talks

Opposing factions in South Africa's ruling party battled to reach consensus on contentious policy proposals, including land seizures and mine ownership...

South Africa's ANC Proposes That Central Bank Be State-Owned

South Africa's ruling party has proposed that the central bank should be wholly state-owned rather than an institution with private shareholders...

Traders on Edge Dump Rand on Proposal That Won't Change Anything

It's a sign of how nervous investors are about South Africa...




06 July 2017

South Africa might be ready for a woman president, but is the ANC?

Apparently the ANC Women’s League couldn’t find enough female experts to fill its pumped-up 64-strong quota of delegates...

NCR tackles retailers as Foschini joins Mr Price and Edcon in breach of National Credit Act

The NCR referred Mr Price to the tribunal for a similar breach in June...

More woes for Naspers: Tencent accused of ‘harming kids in profit pursuit’

Chinese internet giant Tencent is facing scrutiny over the addictiveness especially among younger children...

Aspen CEO Says Dealmaking to Resume as Spending Eases Off

Aspen Pharmacare Holdings Ltd. sees further acquisitions in the next 12 months as strong revenue and lower capital expenditure restore its firepower after the purchase of...

Richemont Sells Shanghai Tang as China Prefers Foreign Swank

Richemont has sold Hong Kong-based dressmaker Shanghai Tang, showing that a Chinese name still doesn't have the same ring to luxury shoppers as a French or Italian one...

Gupta-owned company demands R10-million for defamation

Re-Action Consulting’s claims about Optimum were widely known and probably true...

Uganda civil servants face strict dress code

Public servants in Uganda are facing a strict dress code after the government issued a circular warning them to "dress decently"...

Ex-KPMG South Africa Chief Denies Wrongdoing During Gupta Audit

Moses Kgosana, who withdrew from taking the post as chairman of Alexander Forbes Group Holdings Ltd. in the wake of allegations related to his tenure as...




05 July 2017

SA data 14 times more expensive than India? Beware #DataMustFall fake news.

The #DataMustFall movement seems to resurface from time to time after reaching its zenith last year...

Aspen seeks more expansion and is eyeing women’s health

One change Aspen is making to the way it does business is to alter how the company reports financials...

From the Inside: Catching the rising wave of educational technology

Reflecting on the many lessons learnt at the EdTechXEurope Conference in London last week - Helen Zille

DA fires starting gun on UK investigations into Bell Pottinger for 'inciting civil war'

Bell Pottinger is the London-based public relations firm that has been creating and guiding a propaganda campaign to keep President Jacob Zuma in power...

Alexander Forbes chairman-designate withdraws

After leaked emails implicated the auditing firm in an influence-peddling scandal...

Arthur Lenk: 11 things I learned in South Africa

As I approach the end of four wonderful years as Israel’s Ambassador in South Africa...

Ex-KPMG South Africa Chief Denies Wrongdoing During Gupta Audit

Moses Kgosana, who withdrew from taking the post as chairman of Alexander Forbes Group Holdings Ltd. in the wake of allegations related to his tenure as...




04 July 2017

One hit wonder? Naspers trades at 26% below Tencent’s market value

Investors and traders are seemingly punishing Naspers for value destruction in other parts of its business...

Hell’s Wedding Bells — How the #GuptaLeaks reveal that South Africans paid for the whole damn thing

So long as Jacob Zuma remains in power, the National Prosecuting Authority and the Hawks will do nothing to circumscribe the activities of the Guptas and...

Top global recognitions for Discovery, Capitec highlight SA’s huge potential

In a report published by nonprofit consulting firm FSG and the Shared Value Initiative...

Printing money would trigger a painful South African recession

SA risks slipping into a long and painful economic recession if the central bank is forced to abandon its policy...

Oil climbs for seventh consecutive session

The strength is driven by the weak dollar but in light of the rising Libyan production it will be temporary...

Sunny Ways – A brief note on Canada at 150

Canada turns 150. As sesquicentennials go, this one is unlikely to stir the world’s imagination...

One of Africa's best kept secrets - its history

Hopefully, future generations will have a better idea of their history and see there is much for them to be proud of from their past...

Where you do and don’t need to tip around the world

The infographic points out that in some countries like China, tipping is not a part of daily life...




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