NEWS ARCHIVES


16 April 2018

Hammerson weakens as Klépierre walks away

The French mall operator is precluded from making an offer for Hammerson for six months due to UK takeover rules.

Grit teams up with Jonah in Ghana

The Africa-focused property fund will be tying up with well-known businessman Sir Sam Jonah as it expands in the West African country

HomeChoice claims digital shopping victory

The direct marketing business says it’s on its way to becoming a leading digital department store.

Trematon to report loss on schools expansion

The company says while it will report a headline loss per share, its net asset value has risen by close to a quarter.

Labour Minister declares May the month of the minimum wage; workers’ reservations ignored

Labour Minister Mildred Oliphant on Thursday dedicated May, celebrated in South Africa's political calendar as Workers' Month, to the national minimum wage. In describing it as...

Analysis: The rebellious side of Patricia de Lille is back – and the DA should watch out

Patricia de Lille's relationship with the DA is on its last legs. The only question remaining is when the final severance will happen - not if....

Marelise van der Merwe: The Other News Round-Up: Sumo other time, ladies

Each week, Daily Maverick brings you some of the world's odder happenings from South Africa and further afield. This week: Sumo is back in the headlines...




13 April 2018

Steinhoff gains on share sale

The group will use the proceeds of the sale of part of its stake in STAR to pay down South African debt.

Group Five changing direction after Ghana loss

The engineering and construction group plans to sell 51% of its construction business to empowered shareholders as it focuses on infrastructure.

Altron on track with disposals

The ICT group says earnings for the year to February have been boosted by its focus on its core businesses.

Rising fuel sales help offset drought at Kaap Agri

Non-agri retail sales continue to show strong growth despite subdued consumer spending and weak growth.

Sport in an INCEtant!

This week’s action had many highs and lows with people around the World waiting in anticipation across all sporting events.

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

Hammerson plc has received a revised proposal from Klépierre, a French real estate investment trust and Europe’s second-biggest publicly traded mall operator.

Corporate finance activity of the week

The company launched an accelerated bookbuild placing 200 million Steinhoff Africa Retail shares at R18.75 per share in a move to refinance or redeem debt within...

Five Fingers for Marseilles: SA’s ghostly Western shoots high

A gun-slinging Western, in Sotho, shot in small-town South Africa. Sounds unlikely, but "Five Fingers for Marseilles" has already received critical acclaim at major festivals in...

Thorts - To bind or not to bind

What follows is a view on the general purpose of an MoU and an outline of important issues to consider when preparing one.

Movers & Shakers - Vusi Mathebula

Mathebula has over seven years’ experience in leveraged, project, commercial property and structured finance, and has advised various international and local sponsors, development institutions and investment...




12 April 2018

Steinhoff to sell down STAR stake

The global retail group says the proceeds of the share sale will be used to settle its remaining South African debt.

Rand tumbles on Trump’s war talk

The rand is seen as a proxy for emerging-market currencies due to its liquidity and is often the first to suffer in a risk-off environment.

Hammerson rebuffs improved Klépierre offer

It says the new proposal is not at a price that justifies further engagement with the French shopping centre owner.

Ivo Vegter: The super-galactic highway to absurdity

Business Report, part of Iqbal Survé's debt-ridden, insolvent and terrifically misnamed Independent Media, has made for hilarious reading lately. Its toady-in-chief has been spouting gibberish in...

South32 to appeal Cerro Matoso ruling

Colombia’s Constitutional Court that it must pay damages for alleged health and environmental impacts on the community surrounding its Cerro Matoso mine.

Interwaste landfill site back to court

The North High Court has granted leave to appeal its ruling that the waste management company’s licence to operate the site is valid.

Operation Fix SoEs: Gordhan replaces Denel board

Public Enterprises Minister Pravin Gordhan on Monday announced a new board for state-owned defence company Denel. The floundering Denel has been implicated in State Capture allegations...

Investing Business Plan

It is important to have a business plan for your share investments and to stick to this plan. Here is how my plan looks.




11 April 2018

Resilient cleared by its investigation

The real estate investment trust says former auditor-general Shauket Fakie has found no evidence of share price manipulation or insider trading.

ATON goes hostile in M&R bid

The German company has built up a 39.6% stake and wants to allow shareholders the opportunity to make their own decision.

RDI makes tidy profit in UK office sale

It says the disposal is in line with its strategy of recycling capital out of mature assets and into new growth opportunities.

Tharisa on track with Vision 2020 targets

The low-cost platinum and chrome producer says metal recoveries have been ahead of target for three months to end March.

Whisky Galore

Recounting the title of an old black and white movie from the 1940s, I recently visited a collection of single malt distilleries in an around the...

SARS Wars: Case against SARS executives postponed, accused blame 'ulterior' motives

The case against former SARS executives Ivan Pillay, Johann van Loggerenberg and Andries Janse van Rensburg was postponed in the Pretoria Magistrate's on Monday morning until...

CWG2018: Medals, finals and world records for #TeamSA

It's been a whirlwind weekend for South Africa at the Commonwealth Games and the action will keep on coming. Missed any of the highlights? ANTOINETTE MULLER...




10 April 2018

Libstar prepares for R1.5 billion IPO

The consumer packaged goods group says listing is the next step in its growth strategy.

Grit gears up for London listing

The move will give international investors access to high-growth opportunities across the continent.

Bowler Metcalf offloads SoftBev

The packaging group will use the proceeds of the sale to grow its core business and may also pay a special dividend.

Orion Minerals raises Prieska’s estimated resources

The Australian minerals explorer says its Repli subsidiary has also applied its its prospecting right to be converted to a mining right.

The Week Ahead

What is of concern, however, is the gradual downtrend since the S&P 500 hits its high point of 2 873 on Jan 26 this year.

Right of Reply: Independent Media response to amaBhungane/Daily Maverick

South Africa, we have a problem. There is a move afoot in the country that is potentially far more dangerous than the Guptas' attempted takeover of...

DA Federal Congress: DA not for racists, says Maimane, as he vows to win votes door to door

Democratic Alliance leader Mmusi Maimane told delegates at the closing of the party's federal congress to go out and go up against the current race-based narrative...

Analysis: Helping Zuma/Hurting Ramaphosa via KZN strategy – not likely, not realistic, not doable

On Sunday morning the country's bigger Sunday newspapers screamed about plots afoot to prevent former President Jacob Zuma from having to actually face his court ordeal....




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