NEWS ARCHIVES


28 July 2017

Anglo Back to Ambition With Surprise Dividend and Growth Aim

Anglo American Plc, the mining giant that fought to survive the commodities collapse, has returned with a renewed sense of ambition, surprising investors with a dividend...

Choking on greed: 'Best trader in SA' Eric Wood grabs Gupta Trillian stake

Gupta lieutenant Salim Essa has sold all his shares in Trillian Capital Partners to CEO Eric Wood, who boasts he is the greatest trader in South...

AB InBev shares climb on SABMiller cost savings, profit growth

Anheuser-Busch InBev NV set a high bar for other consumer-product companies seeking to boost profitability through cost cuts...

Goldman's Now Bullish on Iron Ore This Year But Warns on `18

Goldman Sachs Group Inc. boosted its iron ore forecasts after better-than-expected demand in China raised prices, but warned that it remains bearish...

GroundUp: Cybercrimes Bill threatens our freedom

There are just two days left to give your comments to Parliament. By Murray Hunter for GROUNDUP...

South Africa Raises Forecast for Record 2017 Corn Harvest

South Africa, the continent's biggest producer of corn, increased its forecast of this year's record crop after farmers improved their yields...

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

Long4Life has announced details of its planned acquisition of JSE-listed Holdsport...

Thorts - Competition agencies work together in Africa

A growing number of African competition authorities are working together to promote coordination and harmonisation of national and regional laws and policies...

Movers & Shakers - Paul Pretorius

Pretorius has considerable experience and a proven track record in both raising equity and debt capital for clients, as well as advising clients in all areas...

Corporate finance activity of the week

The equity raise will be implemented through an accelerated bookbuild process and will raise approximately R400 million...




27 July 2017

Parliament & State Capture: Inquiry into Eskom's role passes first hurdle, but is it just a show of form?

Parliament's public enterprises committee is inching towards its inquiry into Eskom's dodgy procurement dealings, state capture and governance troubles including Brian Molefe's controversial return as chief...

Iron Ore CEO Who Called This Year's Crash Sees Further Declines

Kumba Iron Ore Ltd. Chief Executive Officer Themba Mkhwanazi correctly predicted in February that his company's commodity would plunge by 40 percent. After a recent recovery,...

Cell C Is Said to Sell $464 Million of Bonds Amid Takeover

Cell C Pty Ltd. plans to raise as much as $464 million from the sale of two bonds as part of the South African mobile-phone company's...

The Elon Musk effect: UK to ban diesel, petrol cars by 2040

As SA-born Elon Musk gears up to launch the production version of the more affordable Tesla Model 3 electric car, Europe is waking up to the...

South African Miners Apply to Block Minister's Rights Freeze

South Africa's Chamber of Mines, which represents the industry, made a court application to block a proposal by the mines minister to freeze granting and renewing mining...

Kuwait Seeks Energy Venture With Traders From Glencore to Vitol

OPEC member Kuwait plans to start trading energy and not just producing it, joining other Middle Eastern producers eager to claw back some of the profit...




26 July 2017

Sasol Sees Profit Falling as Much as 21% on Rand, Oil Price

Sasol Ltd., the world's biggest producer of fuel from coal, said full-year profit fell as much as 21 percent as the South African economy struggles...

State Airline Asked South Africa for $772 Million, Minister Says

South African Airways asked the government for 10 billion rand ($772 million) as part of a recapitalization plan aimed at returning the state-owned carrier to profit...

Fikile Mbalula: The fight against crime in South Africa requires collaboration

Some countries at war do not even come close to the number of brutal murders we are experiencing. We have no time to waste over these...

Kumba resuscitates dividend as earnings jump on higher iron ore prices

Kumba Iron Ore will resume dividends for the first time in two years after higher ore prices earlier this year and more efficient production helped boost...

Zuma's Home Region Seeks Allies in S. Africa Succession Race

South African President Jacob Zuma's home province is making overtures to one of the key power blocs in the African National Congress in a bid to...

Nigeria May Hold Rates Even as Inflation Slows, Economy Shrinks

A weak naira and stubborn inflation may prevent Nigeria's central bank from following South Africa and Ghana in cutting interest rates...

ANC’s Leadership Race: The Dirtiest Options

It goes without saying that we live in cynical times. So cynical that some people believe the worst is about to happen. That a "certain someone"...

GM Warns of Tougher Second Half With U.S. Auto Market Past Peak

General Motors Co. is gearing up for a tougher second half of the year as it slashes production to bring inventory back in line and prepares...




25 July 2017

Tour de France 2017 in pictures: Chris Froome seals fourth win

After more than 3500km of cycling, the Tour de France 2017 is all over. It's been a race of epic highs and dramatic lows...

Health-e News: Pills, prevention and politicking – the unfinished business of HIV

The world's most important HIV scientific conference is currently under way in Paris - yet mere days ago, one of the country's iconic Aids activists died...

Vuwani: Unhappy community on the march, again

Schools that were damaged in last year's protests are functional, but Mhlanga said the learning conditions are not ideal...

Op-Ed: Resisting evictions from farms

Many evictions from farms are illegal. Farm dwellers can resist them and can insist on the protection of their rights. Knowledge of the law is a...

Pensioners take note, Gigaba wants R14bn Telkom stake to bail out SAA

Throwing good money after bad: This is how our newly minted and fresh suited Finance Minister Malusi Gigaba plans to help bail out SAA...

Violence erupts in Hout Bay as City attempts to reblock

Spokesperson for the mayor, said police and other law-enforcement personnel removed “52 illegally erected and unoccupied structures...

Naspers Awards CEO $10.4 Million in Long-Term Share Options

Naspers awarded Chief Executive Officer Bob Van Dijk $10.4 million in long-term share options...

Unpacking the Reserve Bank's interest rate unshackling

In the event of Moody’s and S&P local currency ratings being downgraded to junk status, South Africa would stand to drop out of the World Government...

The ANC has captured the country’s history

We must always remember the silent heroes and heroines of the struggle for democracy...

Malema says more than 60 ANC MPs will turn on Zuma

Zuma faces the no-confidence motion on August 8, the ninth time the opposition will have tried to unseat him...




22 July 2017

Anglo American diamond output jumps

Jumped 36 percent as mining started at the new Gahcho Kue mine in Canada...

Vodacom revenue rises in Smartphone sales

Vodacom is aware of “the weaker economic conditions that prevail in South Africa as well as some of our larger markets...

Red Ants turf residents out of Johannesburg building

A number of evictees said they were also worried about the “nyaope boys” stealing their goods after the Red Ants had left...

How the world sees SA: BBC exposes Bell Pottinger’s dirty Zupta game

#Video - That apology, quite frankly, was not enough and South Africans want the company to answer...

KZN Law Society refuses to investigate Zuma’s lawyer Michael Hulley

If there is a crucial issue that has been highlighted in the series of #GuptaLeaks exposés into State Capture...

South Africa's ANC to Discipline Member for Speaking Out on Zuma

A provincial structure of South Africa's ruling party is instituting disciplinary measures against a member who has called for President Jacob Zuma to step down...

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

Redefine International (RI) intends to increase its stake in International Hotel Properties (IHL) by acquiring 18.3 million shares in the company...

Corporate Finance Activity of the Week

The company proposes to offer 71 428 571 shares at R14.00 per share to raise R1 billion from qualifying shareholders...

Thorts - Africa breeds distinctive private equity models

New research shows private equity activity in Africa will inject billions of US dollars of sustainable investment over the next five years...

Movers & Shakers - Robyn Fridberg

She graduated from the University of Pretoria and has been with the firm since 2005, completing her articles at PKF and qualifying as a CA(SA) in...

Welfare minister commits to work with post office

The South African cabinet minister who oversees more than $11 billion in annual welfare payments said she is committed to working with the state-owned post office...

Taste is said to delay luxury unit sale as buyers balk at price

Taste Holdings Ltd. has suspended the auction of its business selling jewelry and high-end watches...




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