NEWS ARCHIVES


11 July 2017

Bell Pottinger apology – playing the victim – not accepted

It's the age-old excuse, “We didn’t know.” But that essentially is the thrust of Bell Pottinger’s grovelling apology..

Dear Prime Ministers Gupta: The Gathering – Media Edition kindly requests your attendance

We hear Dubai can be a bit fired up this time of year, so we thought you’d appreciate the opportunity to chill with us in the...

South Africa rand retreats after firm U.S. jobs data; stocks down

The rand, along with Russia's rouble and Turkey's lira, has seen sharp declines this week with nervousness rising about higher global interest rates...

Indecisive ANC policy conference necessitates forward planning

The National Policy Conference of South Africa's governing party, the African National Congress (ANC), has come and gone, and the skies have not fallen...

Forget Korea and China Risks, Asia Currencies Edge Peers in Poll

Never mind the tensions with North Korea and China's deleveraging drive,..




08 July 2017

South Africa Taxi Council Suspends Plan for July 12 Strike

Taxi operators in South Africa suspended plans to strike on July 12, pending the outcome of talks with Transport Minister Mkhacani Maswanganyi...

Eskom signs R19.6 bln loan agreement with China

The power utility, which has in the past been forced to impose power cuts due to insufficient supply, is scrambling to revamp...

Coal lines to South Africa terminal halted by violent protests

Richards Bay Coal Terminal (RBCT) have been halted because of violent community protests...

Zambia: President Lungu ratchets up repression, calls for state of emergency

Zambia’s president Edgar Lungu called for a state of emergency...

Amazon Just Launched Its Own Line of Wines

Drink up, because Amazon is coming out with its own wine label, called NEXT...

Popeyes Chicken Vows Africa Caution After Johannesburg Opening

Popeyes Louisiana Kitchen, the latest in a flurry of well-known U.S. fast-food chains to test the South African market...

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

Redefine Properties has disposed of its 22.8% stake in Delta Property Fund to a women-led BEE consortium in a R1,45 billion vendor funded transaction...

Corporate Finance Activity of the Week

Safari has issued 20,000,000 shares to SA Corporate Real Estate for a total cash amount of R152 million...

Thorts - Private equity: Value creation in an increasingly competitive African market

The emergence of African private equity as a popular asset class has had much to do with Africa’s compelling economic fundamentals...

South Africa's ANC Divided Over Land, Mines in Policy Talks

Opposing factions in South Africa's ruling party battled to reach consensus on contentious policy proposals, including land seizures and mine ownership...

South Africa's ANC Proposes That Central Bank Be State-Owned

South Africa's ruling party has proposed that the central bank should be wholly state-owned rather than an institution with private shareholders...

Traders on Edge Dump Rand on Proposal That Won't Change Anything

It's a sign of how nervous investors are about South Africa...




07 July 2017

'ANC of thugs': Russell Loubser slams Zuptas, state capture in BizNews interview

Former JSE CEO and ex-SAA director Russell Loubser, has come out swinging at deepening corruption - Alec Hogg

Bell Pottinger – more than just spin, it’s political interference in sovereign states

From Nigeria to Malawi, from Tanzania to South Africa, Bell Pottinger appears to have had a hand in undermining sovereign democracies.

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

Redefine Properties has disposed of its 22.8% stake in Delta Property Fund to a women-led BEE consortium in a R1,45 billion vendor funded transaction...

Corporate Finance Activity of the Week

Safari has issued 20,000,000 shares to SA Corporate Real Estate for a total cash amount of R152 million...

Thorts - Private equity: Value creation in an increasingly competitive African market

The emergence of African private equity as a popular asset class has had much to do with Africa’s compelling economic fundamentals...

Tanzania Passes Laws Enabling Renegotiation of Mining Deals

Tanzania approved two laws that enable the government to renegotiate contracts with mining and energy companies...

South Africa's ANC Divided Over Land, Mines in Policy Talks

Opposing factions in South Africa's ruling party battled to reach consensus on contentious policy proposals, including land seizures and mine ownership...

South Africa's ANC Proposes That Central Bank Be State-Owned

South Africa's ruling party has proposed that the central bank should be wholly state-owned rather than an institution with private shareholders...

Traders on Edge Dump Rand on Proposal That Won't Change Anything

It's a sign of how nervous investors are about South Africa...




06 July 2017

South Africa might be ready for a woman president, but is the ANC?

Apparently the ANC Women’s League couldn’t find enough female experts to fill its pumped-up 64-strong quota of delegates...

NCR tackles retailers as Foschini joins Mr Price and Edcon in breach of National Credit Act

The NCR referred Mr Price to the tribunal for a similar breach in June...

More woes for Naspers: Tencent accused of ‘harming kids in profit pursuit’

Chinese internet giant Tencent is facing scrutiny over the addictiveness especially among younger children...

Aspen CEO Says Dealmaking to Resume as Spending Eases Off

Aspen Pharmacare Holdings Ltd. sees further acquisitions in the next 12 months as strong revenue and lower capital expenditure restore its firepower after the purchase of...

Richemont Sells Shanghai Tang as China Prefers Foreign Swank

Richemont has sold Hong Kong-based dressmaker Shanghai Tang, showing that a Chinese name still doesn't have the same ring to luxury shoppers as a French or Italian one...

Gupta-owned company demands R10-million for defamation

Re-Action Consulting’s claims about Optimum were widely known and probably true...

Uganda civil servants face strict dress code

Public servants in Uganda are facing a strict dress code after the government issued a circular warning them to "dress decently"...

Ex-KPMG South Africa Chief Denies Wrongdoing During Gupta Audit

Moses Kgosana, who withdrew from taking the post as chairman of Alexander Forbes Group Holdings Ltd. in the wake of allegations related to his tenure as...




05 July 2017

SA data 14 times more expensive than India? Beware #DataMustFall fake news.

The #DataMustFall movement seems to resurface from time to time after reaching its zenith last year...

Aspen seeks more expansion and is eyeing women’s health

One change Aspen is making to the way it does business is to alter how the company reports financials...

From the Inside: Catching the rising wave of educational technology

Reflecting on the many lessons learnt at the EdTechXEurope Conference in London last week - Helen Zille

DA fires starting gun on UK investigations into Bell Pottinger for 'inciting civil war'

Bell Pottinger is the London-based public relations firm that has been creating and guiding a propaganda campaign to keep President Jacob Zuma in power...

Alexander Forbes chairman-designate withdraws

After leaked emails implicated the auditing firm in an influence-peddling scandal...

Arthur Lenk: 11 things I learned in South Africa

As I approach the end of four wonderful years as Israel’s Ambassador in South Africa...

Ex-KPMG South Africa Chief Denies Wrongdoing During Gupta Audit

Moses Kgosana, who withdrew from taking the post as chairman of Alexander Forbes Group Holdings Ltd. in the wake of allegations related to his tenure as...




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