23 February 2018

Anglo hikes dividend as restructuring pays off

The refocused mining group grew production 5% last year, while earnings doubled.

Sibanye-Stillwater sags on disappearing dividend

The precious metals producer says it guided the market to expect a share capitalisation in lieu of a dividend payout

Budget 2018: Not enough money to go around, and especially not for nuclear

Amid the 2018/19 Budget talk of tough decisions, tax increases and government spending cuts to put the rands and cents to government priorities for the year,...

Woolies to fix fashion faux pas

Poor womenswear sales weighed on earnings, while its impairment of David Jones in Australia resulted in a loss.

Massmart hopes political change will inspire shoppers

After a tough first half, the retailer says three of its four divisions recorded better second-half sales.

Zuma and Ramaphosa: the truth beneath the Cheshire Cat grins

Not even a week since former president Jacob Zuma's grudging resignation speech, President Cyril Ramaphosa threw him a warm farewell party on Tuesday night in the...

DealMakers M&A Awards

During 2017, companies with primary listings on one of South Africa’s exchanges executed R329bn worth of deals from 454 deals (excluding failed deals of which there...

Corporate finance activity of the week

Following the implementation of the GABS acquisition, a subsidiary of Niveus, La Concorde, intends to unbundle 110,000 Niveus Invest 17 shares, representing 38% of Newco, to...

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

Hyprop Investments has, through its UK joint venture Hystead in which it has a 60% stake, entered into an agreement to acquire a 90% interest in...

Thorts - Digital Disruption

When we recently interviewed top European M&A executives about their experience, fully three-quarters of them said that digital disruption has had a relatively large impact or...

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...

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