NEWS ARCHIVES


22 February 2018

Tighten your belts, the budget's in

National Treasury has outlined a R1.67 trillion budget which it will help fund with a higher VAT rate.

Bidcorp held back by Australia investment

The foodservices group believes the challenges of infrastructural investment in Australia and dairy pricing volatility will favourably resolve themselves in the short term.

Glencore gears up for electric cars production

The company says it’s benefited from a big recovery in commodity prices and is positioning itself to be a supplier for electric vehicle production.

JSE cuts costs as trading volumes decline

The stock exchange operator has increased its dividend despite lower earnings due to a fall in operating revenue.

OTC sales drive Adcock Ingram’s gains

The pharmaceuticals group says it's grown sales of its cold, flu and fever brands ahead of the market.

Tiger’s revenue falls on deflation and lower volumes

The group says the stronger rand and lower raw material costs mean gross profit will still be higher.

Mining Charter: Ramaphosa to the rescue – but community voices still ignored

President Cyril Ramaphosa's personal intervention in the current impasse around the controversial Mining Charter has been greeted with relief and optimism by industry players. One of...




21 February 2018

Discovery firing on all cylinders ahead of bank launch

The financial services group says its bank should launch this year following live testing.

AngloGold lifts production despite SA restructuring

The gold producer is selling its Moab Khotsong and Kopanang mines, while TauTona is undergoing an orderly closure process.

NEPI Rockcastle down but not out

The emerging Europe-focused property group is expected to remain in the JSE’s Top 40 after the next quarterly index review.

Imperial still mulling separate listings

The logistics and motor vehicle group says listing its units separately will give investors more choice.

Steinhoff loses case brought by ex business partner

The Amsterdam Enterprise Chamber says Steinhoff must amend its 2016 accounts to reflect its 50% controlling interest in POCO instead of 100%.

Black Panther: Shining a light onto Africans’ self-belief and aspirations

Black Panther shines a bright light to a continent finding its way in the dark. By NKATEKO MABASA.

Scorpio: Gupta Inc – crushed and on the run

By their own admission, the wage bill across the various Gupta companies stood at more than R160-million in late 2017. With big brother Ajay Gupta now...




20 February 2018

Anglo Platinum rewards shareholders after restructuring

The platinum producer has resumed dividend payments after a long restructuring process.

Liberty Two Degrees misses distribution forecast

The property group says its distribution was held back by a Put transaction with its parent company, as well as Stuttafords’ closure.

Curro marked down on Meridian

The private education group trades at a historic price to earnings multiple of 73 yet grew earnings by 17%.

Rolfes rebounds as it brushes away legacy issues

After a weak first quarter, the speciality chemicals group said it had a “remarkable recovery” in the second three months.

The week ahead

The momentous events unfolding in South Africa last week clouded almost everything else in the media. But eventually, Cyril Ramaphosa was installed as President and he...

Op-Ed: Van Onselen's false revolution cannot go unchallenged

Nothing is more frustrating than analysts and journalists whose hatred and dislike of the Economic Freedom Fighters blinds their ability to not only see the truth,...




19 February 2018

Absa off the hook as Court rebukes Mkhwebane

The bank says it hopes the decision of the High Court puts the Bankorp matter to rest.

Resilient hires Fakie for probe

The real estate investment trust is set to fall out of the JSE’s Top 40 index due to a 50% decline in its market cap this...

Studio beats its pre-listing forecast

The private tertiary education group says its 2017 loss per share will be smaller than predicted.

Strong demand for Clicks bookbuild

The pharmacy and healthcare chain placed shares was part of the unwind of an empowerment transaction.

Cartrack racks up more subscribers as it aims at the uninsured market

The vehicle recovery systems group expects to report double-digit growth for the foreseeable future.

Report: A tale of two days – Zuma’s last and Ramaphosa’s first

Jacob Zuma's last-minute resignation from the country's presidency left ANC parliamentarians with a palpable sense of relief after the caucus convinced him they would vote with...

Ramaphosa’s turn: Hard work ahead

The election and swearing in of Matamela Cyril Ramaphosa as South Africa's fifth president on Thursday marked the end of a bruising 11 days in the...

A civil engineer’s view: What Cape Town could do with its stormwater

Cape Town gets more rain than it can use - but at the moment it doesn't have capacity to clean or store all this water. Late...




16 February 2018

Discovery, Aspen bounce on healthy profit forecasts

Discovery says first-half profit will be up to a third higher, while Aspen’s could grow by more than a quarter.

Dis-Chem store roll out boosts sales

The opening of 30 new stores helped grow turnover to R8.5 billion in the 22 weeks to 2 February.

Cash-flush South32 boosts dividend

The group has more than doubled its interim payout and says it will continue with its share buy-back program.

DRDGold bounces back on higher production

The introduction of an automated monitoring system at its Ergo plant has resulted in a more stable flow of material.

Blue Label gets tax boost from Cell C’s losses

The telecoms services company expects first-half earnings to double due to an increase in a deferred tax asset.

Rolfes flags earnings fall after results restatement

After a poor first quarter, the speciality chemicals group said the second quarter showed a significant improvement and recovery.

Corporate finance activity of the week

Exxaro Resources to pay a special dividend: The company has, following the disposal of its stake in Tronox, resolved to pay a special dividend of R4,5...

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

Old Mutual Wealth Private Client Advisers has announced the acquisition of A&M Financial Services for an undisclosed sum. The acquisition, based in the UK, will add...




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