Sun International cuts Latam stake ahead of IPO

The hotels and casinos group is selling part of its interest in Sun Dreams in Chile to minority shareholder Pacifico.

Glencore lowers 2019 copper guidance

First-quarter production was affected by flooding in Australia and safety-related stoppages and smelter outages in Zambia.

CSG prepares for growth after tough year

The services company faced a number of challenges last year as it integrated security acquisitions, lost contracts and fell victim to fraud.

Astral warns of weaker earnings

The poultry producer says feed prices are up while selling prices have fallen.

Dead quiet markets

Dead quiet markets. I’ve been trying to pin down the reason why the last few weeks have seen such low volume. Part of it surely is...

BUSINESS MAVERICK: Pick n Pay's Richard Brasher is getting the job done

The surge in Pick n Pay's share price and sales suggests that the retailer is returning to its former glory days. Brasher, the Brit who was...

Brainworks returns to profit

The investment holding company reported strong growth in revenue from its hospitality and property investments after exiting financial services.

Ingenuity maintains focus on the Western Cape

The property investor says it expects to complete two new developments in Cape Town within the next six months.

Shoprite. Deferred compensation

Shoprite’s proposal to acquire and cancel its deferred shares to align voting power with economic value and fall in line with good governance practices will require...

MTN Ghana rings up strong first-quarter sales

The mobile network operator has reported a strong rise in voice and data revenue for the three months to end-March.

Oasis positioned for economic recovery

The bulk of the fund’s portfolio is in the Western Cape, with growing exposure to the logistics sector.

MC aims to start Makhado construction by September

The project will make MC Mining the top producer of high-grade metallurgical coal in the country.

Kibo gets go ahead for Tanzania project

The energy group will now enter talks to export energy from its MCCP project to other countries in the region.

The Week Ahead of 29 April 2019

The S&P 500 closed at 2 939.88, its highest-ever close and a whisker away from its record intra-day high set in Sep 2018. Much better-than-expected US...

Trematon grows investments in schools, property

The investment group has sold off mature assets so it can grow its schools business and invest in residential property.

EVITA'S FREE SPEECH: Ep. 192: Evita celebrates a birthday (Video)

ANC cadre Evita Bezuidenhout tries to expose fake news and highlight alternative facts with a weekly episode of EVITA'S FREE SPEECH.

Glencore faces another probe

The commodities giant says it will cooperate with an investigation by the US Commodity Futures Trading Commission.

Pick n Pay lures customers with price cuts

The supermarket group says a six-year strategy to build a leaner and fitter business is paying off.

Implats maintains targets despite power challenges

The platinum producer expects to meet its full-year guidance, albeit at the lower end.

Naspers switches MakeMyTrip for Ctrip stake

Naspers obtained a 40% stake in MakeMyTrip two years ago through a merger with Ibibo Group.

Ellies back with a new board

After a tussle with shareholders in December, the consumer and commercial electronics group will ask them to ratify its new board of directors.

Business Maverick: The spectre of stagflation is haunting South Africa and the alternative is also scary

South Africa's economy does not have a lot in its favour at the moment. Relatively moderate inflation in recent years has been one of the few...

RDI tilts portfolio towards beds, sheds and desks

The real estate investment trust plans to continue reducing its exposure to the retail sector by disposing of shopping centre assets.

Sibanye-Stillwater raises Lonmin offer

The increases offer reflects the recent recovery in PGM prices, balanced against Lonmin’s financial constraints.

Anglo reports a mixed first quarter

The diversified miner’s coal operations weighed on production as Minas-Rio in Brazil got back on its feet.

Gold Fields on track for 2-million ounce milestone

The gold producer expects to maintain its production profile at that level over the medium to long term.

Vunani tumbles despite improved results

The financial services group has grown revenue by 21% due to strong showings from its commodities trading and advisory services businesses.

Pension fund boards must take climate change into account, or risk legal action

Just Share and ClientEarth have published a new legal opinion by a leading South African pension lawyer, which finds that the boards of South African pension...

Santova hurt by weak trading conditions

The logistics group expects to report a decline in full-year earnings due to the weak SA economy and the weaker British pound.

Wescoal declares force majeure at Vanggatfontein

Production at the colliery will be suspended for six to eight weeks after the mining contractor was forced to fire all contract workers due to violent...

PSG gets a kicker from Capitec

The bank now makes up two-thirds of PSG’s value from just over half a year ago.

Max disposal hits Life Healthcare’s earnings

The group will report lower first-half earnings partly due to costs related to the sale of its stake in Max Healthcare.

EPP sells shares to new investor

The Polish property group announced an accelerated bookbuild to bring a “significant” new investor on board.

Standard Bank tables first SA shareholder resolution on climate risk, but Board recommends shareholders vote against it

Standard Bank’s Notice of Annual General Meeting, released on 17 April 2019, includes a resolution proposed by shareholders that would require the bank to prepare a...

Mid Cap Darlings – Imperial

An African proverb says that “ukuhamba kukubona”, which loosely translated means that through travel, you get to see. Imperial Logistics Limited is not a spectacles company,...

Slimmed down Astoria prepares to pay out

The company has changed its investment policy which has resulted in a capital payout to shareholders.

Value Group flags higher earnings

The group’s 2018 earnings were impacted by transaction costs for a black economic empowerment deal.