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29 January 2018
The furniture group is counting on its African subsidiaries to repay intracompany loans worth €200m to keep its business afloat.
Assets under management were little changed in the last quarter as the rand rallied and Steinhoff slumped.
Thursday's damning court ruling against former Eskom CEO Brian Molefe is justifiably seen by many as his well-deserved comeuppance. But it is also evident that myths...
The real estate investment trust says Eskom’s precarious position is one of the risks it faces.
The computer assembler and ICT products and services business has flagged improving profitability.
Attempting the impossible, J. BROOKS SPECTOR tries to sum up the musical legacy of the late Hugh Masekela and to savour the chances he had to...
Each week, Daily Maverick brings you a round-up of some of the world's stranger occurrences. This week: panic buying.
26 January 2018
The new diamond mine in Canada and strong iron ore production have made up for a deliberate cutback in platinum and coal.
The transaction gave Adapt IT a foothold in the hospitality sector, which now contributes close to a quarter of its revenue.
This is the 17th year in which this Gold Medal award is to be made. Nominations were received from advisory firms which, together with nominations from...
Shareholders will be asked to approve the $300 million deal at a general meeting next week.
The technology group’s main businesses are now Logicalis and Westcon International following the sale of its Americas business.
It wasn't me. I was not obliged to do so. I did not know. There is an ever-lengthening queue of senior officials from State-owned Entities (SoEs)...
Early in January, on the eve of the first meeting of the new National Executive Committee (NEC) of the governing African National Congress (ANC), President Jacob...
Your latest issue of M&A Pulse with the latest corporate finance activity of the week brought to you by DealMakers.
Richemont has announced its intention to launch a voluntary public tender offer for the stake in YOOX Net-A-Porter Group it does not already own. The offer...
Section 42 of the Income Tax Act, No 58 of 1962 (Act) allows taxpayers to transfer assets to a company free of immediate tax consequences, provided...
25 January 2018
The rand’s strength is expected to result in lower fuel prices after December’s petrol-price hike fed inflation numbers.
The retailer is writing down about a third of the value of the Australian department store chain.
In South Africa, there is an increasing demand by Retail Investors to diversify their portfolios. Recently it has become easier for investors to purchase shares in...
The investment fund says it hasn’t made provision for a performance fee as the conditions haven’t been met.
The coal miner says it’s on track to securing its eight million tonnes of coal production a year.
Minister of Social Development Bathabile Dlamini was visibly irritated at having to answer questions at Monday's historic inquiry, ordered by the Constitutional Court and headed by...
Facts are few, opinions plenty, on the cause of the water crisis. By Piotr Wolski for GROUNDUP.
24 January 2018
The fuel and chemicals group says it’s making progress with its US project, which is 81% complete and on schedule.
The stronger rand has boosted profit margins, while volume growth was supported by sales of the group’s core footwear brands
The politics of water in times of scarcity is not about counting ever-evaporating cubic metres of dam water, as important as this is, but the creeping...
Sales are up and debtor costs are down but the furniture retailer is still bemoaning new credit regulations.
British American Tobacco jumped 7.4% on the LSE in the last quarter of 2017, giving Reinet a lift.
It's crumbling, brick by cheap-ass brick. But what comes next? By RICHARD POPLAK
23 January 2018
The group sold down its stake in the investment group from 16% to 2.5%, raising R7.1 billion.
The group’s loss comes as it recommends an all-share offer from Sibanye-Stillwater to buy the platinum miner.
The pharmacy group says strong promotional activity helped lift sales over the festive season.
The luxury goods group says digital channels are becoming critically important in meeting luxury consumers’ needs.
The positive momentum of recent weeks on the global economy front continued last week with the release of China’s Q4 2017 and full year (FY) 2017...