NEWS ARCHIVES


30 April 2018

Wiese wants his money back

The former Steinhoff chairman is claiming R59 billion from the retailer due to transactions entered into in 2015 and 2016.

Aveng asks shareholders for leap of faith

The embattled construction group is proposing a R1.8 billion rights offer - more than four times its current market value.

Tongaat topples on bleak update

World sugar prices have been under pressure and importers have been taking advantage of a lack of duty protection in SA.

Choppies turns a big profit in South Africa

The retailer’s operations in the North West turned profitable, with a surge in earnings.




27 April 2018

SPECIAL REPORT: Government surveillance of social media is rife. Guess who’s selling your data?

If you are tweeting or posting about a "security threat", law enforcement can fish you out of the ocean of the world's 2.6-billion social media users....

Saul Musker: View from Afar: South African politics has lost its centre of gravity

Two months have passed since former President Jacob Zuma announced his resignation. In the moment that he stepped away from the podium, South Africa's political landscape...

PARLIAMENT: South Africans' personal information still not properly protected

As was revealed by the recent data breach at Facebook, we live in a world where the protection of private information is ever more important. But...




26 April 2018

Challenging market shatters Consol listing

The glass manufacturer says it’s decided to cancel IPO as it wouldn’t achieve its valuation objectives in the current environment.

South Deep continues to weigh on Gold Fields

The gold producer has cut production targets for its South African mine due to labour and equipment issues.

Jilted intu concedes as Hammerson calls it off

intu says it will withdraw its recommendation of the transaction and will release Hammerson from all its obligations pertaining to the acquisition.

RDI continues to hone its portfolio

The real estate investment trust says it’s seeing an increased opportunity for real estate owners to become high-quality service providers.

Snap-on; an undervalued dividend paying share with good upside potential

Snap-on (SNA) is currently undervalued. It could be a good buy for a medium to long-term growth portfolio.

Zapiro: Amakhosi Supporters Club




25 April 2018

Minas-Rio continues to hinder Anglo

The suspension of operations at the Brazilian iron ore mine will cost Anglo $300-$400 million in earnings this year.

PSG firing on (almost) all cylinders

The group has reported strong results from most of its investments apart from food group Zeder and BEE-investment firm Dipeo.

Standard Bank lukewarm on earnings growth

The bank says asset growth has been slow in South Africa and at its operations across the rest of the continent.

Cartrack builds annuity streams through subscriber growth

The telematics group believes it can continue growing subscribers and revenue growth in the double digits for the foreseeable future.

The paranoid, persecutory delusions of Survé's toady

Adri Senekal de Wet, the "executive editor" of Business Report, continues to defend her lord and master, Iqbal Survé, and his experiments in corporate finance. In...

Op-Ed: North West uprising and restoring democratic values and practices

The way the Ramaphosa-led government addresses the current uprising in North West goes to the core of restoring democracy, legality and regularisation of state actions, after...




24 April 2018

Glencore considers options for Kamoto debt

State-owned Gécamines is going to court to have the DRC’s Kamoto Copper Company dissolved after it failed to shore up its capital.

ATON lays out case for Murray takeover

The German family-owned business says the two companies complement each other and it has no plan to delist M&R.

Weak environment leads to lower Octodec distribution

The real estate investment trust says there’s been pressure on rental income during the let-up phase of some new developments.

Tower lifts for residential in Cape Quarter

The property fund believes that current demand trends for property mean that a residential development offers the best way to realise value.

Trematon to focus on consolidation

The investment group has reported an interim headline loss as it invests in expansion of its schools division.

The week ahead

At its annual spring meeting in Washington last week, the IMF affirmed its positive sentiment toward strong and sustained synchronized global economic growth. Notwithstanding this optimism...

MEDIA: Sekunjalo claims again that it is a victim of a disinformation campaign

Sekunjalo Investment Holdings, which owns Independent Newspapers, released a statement on Sunday claiming that it was a victim of a disinformation campaign.




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