12 July 2018

Steinhoff thrashes out debt plan with creditors

The beleaguered retailer has to secure support by 20 July or it could face a reorganisation under Austrian company law.

Glencore cooperating with US investigation

The group has formed a board committee led by chairman Tony Hayward to oversee its response to the US Department of Justice.

Gold Brands offloads Black Steer to cut debt

The casual dining group is selling assets after recent results cast doubt on its ability to continue as a going concern.

Michael Hulley 2.0: Zuma's new lawyer Mantsha was once struck off the role, and later delivered Denel to the Guptas - basically, he's ideal for the job

Shocking but not surprising: former President Jacob Zuma has appointed a new attorney to represent him - a man who was once labelled dishonest by a...

#100MenMarch: Hundreds gather to drum home message of no gender-based violence

As the fight against the abuse of women and children continues, a number of organisations held a march to the Union Buildings in Pretoria to show their support...

Zapiro: Jonas and the Whale

11 July 2018

Anchor sells stockbrokers to black investors

Rebosis founder Sisa Ngebulana is leading a consortium that has bought a controlling stake in Anchor Stockbrokers.

Miranda reduces losses as it implements new strategy

The coal-focused group is disposing of its assets and reinventing itself as a producer of polymetallic concentrates.

ANALYSIS: In the run-up to 2019 elections, Ramaphosa's action options are severely limited

Over the weekend President Cyril Ramaphosa met with Zulu King Goodwill Zwelithini, publicly assuring him that government and the ANC had no interest in removing land...

OP-ED: First it was Oudekraal - now the City of Cape Town wants to sell off Maiden's Cove

The City of Cape Town has advertised the sale and lease of precious public open space in the protected scenic coastal reserve known as Maiden's Cove....

EU says UK Brexit minister’s resignation not a problem

The resignation of Britain's Brexit minister David Davis is not a problem for the EU, a spokesman for the bloc said Monday, insisting Brussels was ready...

TOUR DE FRANCE: In Pictures: Boo for Froome as BMC take team time trial on stage three

It was also a very satisfying day for Froome, the Kenyan-born Briton ignoring some booing at the start line and working with his team to make...

10 July 2018

Hospitality places its chips on Tsogo’s casinos

Tsogo ultimately plans to unbundle its stake in Hospitality Property Fund to shareholders.

Torre soars on delisting plans

The industrial group says raising its black ownership will be easier if it’s not a listed company and it will save on costs.

Tharisa reports new production records

The platinum and chrome producer says it’s on track with its Vision 2020 strategy while acquisitions in Zimbabwe will deliver future growth.

The Week Ahead of 10 July 2018

#ChrisGilmour: Global financial markets face a delicious dilemma: while trade tensions dominate and are beginning to assume alarming proportions, economic data points to a booming US...

Change creates its own opportunities

Starting out as a pulp mill in Finland in 1865, it took Nokia over 100 years to become a household name, known throughout Europe as the...

Evita's free speech: Ep. 150 - Kaktus Files #13: A Second Chance (there will not be a third) (Video)

Evita Bezuidenhout celebrates 20 years of her Darling venue Evita se Perron with a weekly episode of 'Evita's Free Speech'. Here's the Episode 150.

09 July 2018

Pistols at dawn as ATON prepares for battle

The German group has accumulated over 25% of Aveng’s shares which it may use to try and block a merger with Murray & Roberts

STAR gets tough on Tekkie Town

The retail group has obtained a court interdict preventing the former management of the footwear retailer from interfering with its IT systems.

Durban July: Steinhoff former boss Markus Jooste's horses banned from SA's biggest race

On 4 July the Public Servants Association (PSA) revealed it had received assurance from the National Horse Racing Authority (NHRA) that ex-Steinhoff boss Markus Jooste's horses...

PRIVATE HEALTHCARE PRICING: How your health issues are manipulated to serve the interests of big medical business

Private healthcare companies continue to build new facilities and doctors have been referring patients to hospitals to fill the beds, with some patients not needing to...

2018 Zimbabwe elections - the main players: Zanu-PF's incumbent Emmerson Mnangagwa (75) vs MDC Alliance's Nelson Chamisa (40)

The key players in the polls on 30 July have to prove to Zimbabweans and the world that they are capable of turning the country around.

MOTORING: Porsche 911 Carrera T: Perfect for purists

Porsche's 911 Carrera T is a lighter, more focused version of the standard model: think thinner glass, no rear seats, and shorter gearing. But can a...

06 July 2018

Glencore to buy back beaten down shares

The group has hired Citibank to buy back up to $1 billion of its stock by the end of the year.

RBPlat takes 100% control of BRPM joint venture

The platinum producer is paying JV partner Anglo American Platinum R1.86 billion for its 33% stake in the mine.

AngloGold on track with Sunrise Dam

The gold producer says it’s aiming for production of up to 350 000 ounces a year at all-in sustaining costs of $900 per ounce.

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

Wondering whats happening in the M&A space this week? From JSE-listed, unlisted to companies in Africa...

Corporate finance activity of the week

The company is to commence a share repurchase of up to $1 billion in the period to December 31 2018 which will be implemented in two...

Ivo Vegter: Why a wireless open access network won't work

Both local and international experience cautions that a monopoly wireless open access network will fail to achieve its objectives of improving access to telecommunications and reducing...

#Russia2018: How the final eight teams at the World Cup compare head-to-head

And then there were eight.

#Russia2018: Golden Boot leaders after the last 16 and the goals that got them there

Is Kane able?

Thorts - The role of DFIs in enhancing investments in Africa

Some studies even suggest that an additional 2% GDP growth as well as a 40% increase in productivity in Africa could have been realised if adequate...

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