NEWS ARCHIVES


04 September 2017

Mr Price back in fashion as it recovers lost market share

Mr Price Group says it's regaining lost market share in its apparel division and women’s clothing chain Miladys, which lagged the market last year.

Hyprop’s distribution jumps despite rising vacancies

The demise of Stuttafords this year has led to a more than doubling in vacancies in shopping centre owner Hyprop’s retail portfolio, while Sasol’s move from...

Pioneer shares toppled as CEO calls it a day

Pioneer Foods says CEO Phil Roux is retiring at the end of next month, sending shares in the food producer lower on Friday.

'Thanks Brexit': Pound nears euro parity

The Brexit-hit British pound threatens to reach parity with the euro -- and is already worth less than the European single currency for many travellers seeking...

Jasco trading statement sparks a share fall

Jasco has warned of a sharp fall in full-year earnings, sending its shares sharply lower on Friday. Apart from once-off costs, the electronics group has also...

Barloworld may sell underperforming Iberian business

Barloworld says it could put a for sale sign on its Iberian equipment business following a review of its operations...

US orders prototypes for Mexico border wall

The US Customs and Border Protection agency ordered prototypes for President Donald Trump's proposed wall on the US-Mexican border...




01 September 2017

Santam takes a hit from Cape storms

Santam says its share of the R3 billion in estimated damage caused by June’s storms in the Western Cape and the fires that swept across large...

Steinhoff sales get an acquisitive kicker

Steinhoff has grown sales by 48% to €14.9 billion for the nine months to end June boosted by the acquisition of Poundland in the UK and...

Distell raises a glass to South African drinkers as it faces weakness in the rest of Africa

The weak economy hasn’t deterred South Africans from having a tipple. Distell sold more spirits locally in the year to June than it did in the...

Bell Equipment gears up for improved mining-sector activity

Bell Equipment says the growth outlook for the mining sector and commodity markets in South Africa, Australia and Russia is positive with a slow recovery evident.

Torre and Tellumat push Stellar Capital's NAV lower

Stellar Capital‘s NAV has taken a beating due to its investments in Torre and Tellumat. However, the recent purchase of a stake in Prescient will help...

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

JSE listed companies, unlisted companies and companies in Africa; find out whats happening this week in the M&A Pulse by DealMakers...

Corporate finance activity of the week

African Rainbox, South32, International Hotel Properties and more in this weeks corporate finance activity of the week by DealMakers...

Thorts - Competition an integral part of transformation

Competition law is aimed at regulating economic behaviour of firms to ensure that the most competitive outcomes are achieved in any particular market...

Movers & Shakers - Sibongile Solombela

Solombela focuses on the areas of mergers and acquisitions, corporate finance transactions, equity capital markets, black economic empowerment transactions and on JSE listing requirements.




31 August 2017

Sibanye rebrands as it integrates new platinum assets

Sibanye Gold has rebranded itself as Sibanye-Stillwater as it moves ahead with the integration of the recently acquired US platinum group metals producers. It's reported a...

Growthpoint looks abroad to move the needle

Growthpoint plans to double its offshore earnings over the next three to five years. Already, a quarter of group revenue comes from Australia...

Exposed! Jilted partner lifts lid on McKinsey R4bn BEE deal 'sweeteners'

A South African businessman has laid criminal charges against global consulting firm McKinsey after losing out on lucrative work as its empowerment supplier.

Assore doubles its dividend as higher metals prices boost earnings

Assore has reported record sales volumes of iron ore and chrome ore for the year to June thanks to growth in production of crude steel in...

Advanced Health's losses widens as it rolls out more hospitals

Advanced Health has widened its first-half losses as the day hospital group expands its operations. It has opened eight new facilities over the past two years...

Pembury reduces its losses as learner numbers grow

Pembury Lifestyle Group has reported strong growth in revenue in its maiden results since listing on the JSE at the end of March. The private education...

WEBINAR: Investing in US stocks: The why and how

EasyEquities is launching a cost effective platform to invest in US stocks. Purple Group CEO Charles Savage and Alec Hogg discuss why this should form a...




30 August 2017

Cashbuild reports slowing growth as weak economy deters builders

The economic malaise in the country has finally hit the DIY sector, with Cashbuild following Massmart in reporting slowing sales growth from its building materials outlets.

Mondi delays investment due to paper market imbalance

Mondi is postponing its €135 million investment in a new 90 000 tonne per annum machine glazed speciality kraft paper machine at its Steti mill in...

Money lies revealed! Pressure grows on McKinsey over SA graft scandal

McKinsey has passed the buck for financial irregularities involving Gupta family entities to its employee Vikas Sagar, effectively suggesting he was a maverick who acted alone...

SA Corporate held back by rising residential vacancies

SA Corporate Real Estate says client retentions of 92% in its retail portfolio has been strong, boosting net property income by 19.7% in the six months...

Balwin expects to benefit from falling interest rates

Balwin Properties says demand for its apartments and developments remains strong, with pricing and sales volumes in line with last year. However, the property developer says...

Eskom take note: Solar plants already powering entire Northern Cape

Roger Lilley, of Energize magazine, lays out an erudite and data-based argument, showing us little-known alternative power sources already on the ground.

Advanced Health delivers a bitter pill as it invests for growth

Advanced Health has warned of widening losses as it invests in new facilities and bulks up its day hospitals.




29 August 2017

Bidvest squeezes out higher earnings despite weak economy

Bidvest says the benefits of a diversified portfolio of businesses were clear last year as it managed to keep its head above water, despite a lack...

Super Group looks to offshore growth as SA stagnates

Super Group is seeing the benefits of its geographic and sector diversification, helping it post higher earnings for the year to June despite pressure on the...

Koos Bekker to Naspers' shareholders: You're richer because of Tencent

At a shareholders' meeting on Friday, Naspers managed to beat off a bid to reject the company's pay policy by securing 79% of a vote to...

Adapt IT plans to continue finding bolt-on acquisitions

Shares in Adapt IT retraced some of this year’s heavy losses after the software group reported a 25% jump in 2017 turnover and a 10% rise...

Basil Read to focus on high-margin, profitable businesses as earnings slide

Basil Read has had a tough first half and the remainder of the year looks equally difficult as its roads and construction divisions continue to face...

Denel finally exits joint venture with Gupta-linked VR Laser Asia

South Africa's state-owned arms company Denel has exited a joint venture with VR Laser Asia, which has been linked to the Gupta family.

HomeChoice grows digital sales as credit regulations bite

Direct marketing and financial services business HomeChoice International says high unemployment coupled with persistent food inflation have put pressure on consumers...




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