NEWS ARCHIVES


09 January 2020

Dim factory prospects as the lights go out

The Absa PMI remains below the 50 break-even level, with some respondents to the survey blaming electricity disruption for lost production time.

Anglo makes a play for UK fertiliser miner

Sirius Minerals is developing what may be the biggest deposit of polyhalite in the world but needs more cash.

ELB plans restructuring, possible disposal

The group plans to focus on its African equipment distribution business and rejig its engineering operation.




08 January 2020

More Comair directors disembark

Recently-appointed chair Lindsay Ralphs has promised a shake-up of the board of directors due to the perceived lack of independence.

RMH and Remgro ponder FirstRand unbundling

The investment holding companies plan to distribute their holdings in FirstRand to shareholders, while Remgro will also distribute its RMB stake.

Ingham Analytics issues a note on South African banks entitled “Saxo’s electrifying message”

Every December for almost two decades, Saxo Bank, a Copenhagen headquartered specialist trading and investment bank, publishes its annual "Outrageous Predictions".




07 January 2020

EOH mourns death of chair Xolani Mkhwanazi

The EOH chair was appointed last year as the group tried to mend its reputation following allegations of poor corporate governance.

Absa makes Mminele CEO

The former SARB deputy governor will become the first black CEO at the bank.

Ingham Analytics issues a note on South African banks entitled “Saxo’s electrifying message”

Every December for almost two decades, Saxo Bank, a Copenhagen headquartered specialist trading and investment bank, publishes its annual "Outrageous Predictions".

Sirius deploys more of its acquisition war chest

The German business park operator says the last month has been particularly successful on the acquisitions front.




06 January 2020

MTN rings in the New Year with mixed tidings

The network operator says it is making progress with its R15 billion asset realisation programme but faces a lawsuit over alleged bribes.

BAT back in flavour with new vape guidance

New US regulations are aimed at reducing the appeal of vaping to the youth market while providing a non-tobacco alternative for adult smokers.

Grindrod Shipping close to deal

The shipping group remains in talks with lenders to provide it with the capital it needs to acquire an additional stake in IVS Bulk.

Day 1 for new Nampak CEO as De Ruyter packs up

Former Bevcan executive Erik Smuts assumes the role slightly early after its previous CEO left to tend to the Eskom generation crisis.




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