Steinhoff continues to unravel

Market analysts say they don’t view Steinhoff as investable due to a lack of visibility on its net asset value, earnings and cash flow.

AMSA calls for building codes to halt inferior imports

The steel producer claims that low standard gauge imports are being used in the informal roofing market.

Ansys rebrands to fit new strategy

The digital technology solutions provider is positioning itself for growing digitisation of the economy

Trump ‘fixer’ Michael Cohen now the target of prosecutors

As Donald Trump's longtime personal attorney, Michael Cohen earned a reputation as the "fixer" for the Manhattan real estate tycoon and a pit bull defender of...

MOTORING: Hyundai Grand i10: Hardly grand, but worthy

Grand isn't a word usually associated with small cars - but it's how Hyundai designates its i10 hatchback. Fortunately, there's more to this tiny tot than...

Tiara Walters: COMMA CHAMELEON: Spell check - Friend or faux?

Your electronic typo spotter is only as good as your proofreading skills - which is not always a good thing in the business of sound reputation...

Steinhoff seeks more culprits

Apart from former CEO Markus Jooste, the retailer is considering action against some of its former executives, including reclaiming their bonuses.

Ecobank turnaround lifts Nedbank

Nedbank expects to book a profit from its pan-African associate after last year’s losses weighed on its performance.

Altron to resume dividends after restructuring

The group says it plans to pay its first dividend in three years after making progress with its restructuring process.

Equites rides the e-commerce wave

The logistics-focused property fund says there’s strong demand in SA and the UK for modern logistics facilities as e-commerce takes off.

The 10 richest people in the world

Wondering who the richest people in the world are right now? So was I... see inside!

Sports in an INCEtant! 11 May 2018

Over the past week, sporting fanatics around the globe were treated to entertainment of the highest quality. For some, the last week provided many reasons to...

DealMakers M&A Q1 results

The value of M&A activity involving companies listed on SA’s various exchanges during the first three months of 2018 was R130,6 billion, up from the R80...

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

Naspers has disposed of its entire 11.18% stake in Indian ecommerce company Flipkart Online Services to US-based retailer Walmart for $2,2 billion (R27,5 billion).

Datatec takes a drubbing on loss warning

The technology group will only include half-year numbers from Westcon Americas in its full-year results after selling the business.

Corporate finance activity of the week

The weekly corporate finance activity of the week brought to you by DealMakers and sponsored by Cliffe Dekker Hofmeyr

Naspers sticks Flipkart in Walmart’s trolley

The tech and media group has sold its stake in the Indian eCommerce company for $2.2 billion after investing $616 million.

MTN in the crossfire as Trump goes nuclear on Iran

The cellphone operator still has €200 million in dividends and loans in Iran which may now be frozen under fresh US sanctions.

AB InBev cracks a Bud ahead of kick off

The global brewer has lost SA market share in the mainstream segment but is aiming for more of the premium market.

UK exit muddies Netcare’s numbers

A number of once-off non-trading items will result in a surge in first-half earnings per share and a slump in headline earnings.

Cash-flush Long4Life pays maiden dividend

After a spate of acquisitions since listing last February, Long4Life sits with R1.7 billion in cash on its balance sheet.

ANALYSIS: DA's chosen method of removing De Lille smacks of desperation

One of the most frustrating aspects of the Patricia de Lille saga for some City of Cape Town insiders has been De Lille's creation of a...

Newsdeck: Wenger ‘surprised’ at job offers as he prepares for Arsenal farewell

Arsene Wenger said Tuesday he has been surprised at the number of job offers he has received since his departure from Arsenal was announced, urging the...

Starbucks (SBUX) and Nestle in the news with an alliance deal

Starbucks is currently trading below its long-term P/E ratio The Nestle alliance announced this week is expected to add value to SBUX revenue. Now may be...

Zapiro: Scavengers

Sun asks shareholders for head room

The hotel and gaming group is launching a rights offer partially underwritten by activist shareholder Value Capital Partners.

Leaner AngloGold does well down under

The gold producer has sold off most of its South African operations, helping to reduce by 14%.

Recovery in commodities lifts Barloworld

The Caterpillar dealer says more favourable commodity prices and increased mining activity are boosting demand for its equipment.

Rebosis to cut debt as it focuses on retail

The property fund has declared a first-half distribution of 4%-5% in line with market guidance.

Iran warns US it would regret quitting nuclear deal

Iranian President Hassan Rouhani warned that if the United States quits the nuclear deal then Washington will regret it "like never before", as British Foreign Secretary...

Rugby-S.Africa exit, Super Rugby expansion reports ‘wrong’ – SANZAAR

Southern hemisphere rugby's governing body on Monday dismissed as "simply wrong" media speculation that South Africa's Super Rugby teams were set to defect to Europe and...

Anchors aweigh for Grindrod listing

Grindrod Shipping will leave berth in a month’s time, with current Grindrod shareholders receiving one GSH share for every 40 Grindrod shares.

Redefine says stronger growth is needed to lift property market

The real estate investment trust has lifted its interim distribution by 5.5% but says growth rates need to double for the market to flourish.

Astoria cautions against RAC offer

It says the offer requires shareholders to respond without knowing the ratio of cash to RAC preference shares they might get.

Kaap Agri expects better second half

The group says improved consumer confidence, a better harvest and an expanded store network should result in stronger revenue growth.

Raubex calls for more infrastructure spend

The roads and construction group says its order book from SANRAL and local government has shrunk as spending dries up.

The Week Ahead of 8 May 2018

#ChrisGilmour - Britain’s Conservative Party fared far less badly in the English council elections than most had predicted, with the Labour Party failing to capitalize on...

ANALYSIS: Miner safety - where to from here?

Zero harm was widely welcomed as a target by the mining industry. But despite considerable improvements, mining fatalities remain unacceptably high. Why?