NEWS ARCHIVES


26 September 2018

Alex Forbes rallies after sacking CEO

The board of the financial services group said it terminated Andrew Darfoor’s services due to a “loss of confidence and trust”.

Aveng getting back on track

The struggling engineering and construction group says it has enough cash to keep operating for the foreseeable future.

Ascendis sharpens its focus

The healthcare group is aiming to increase organic growth following a spate of acquisitions.

Altron disposals boost earnings

The IT and electronics group is reducing its exposure to the manufacturing sector as it offloads non-core assets.

L2D says it's recovering from tough 2017

The shopping centre owner says 2017 was “undoubtedly one of the toughest retailer environments” for the group.

The Week Ahead of 25 September 2018

#ChrisGilmour - While US president Donald Trump is correct in trying to “punish” China for its overt violation of free-market principles, especially those relating to intellectual...

Foreign Relations: Ramaphosa leads high-powered delegation to the UN – to sell SA

President Cyril Ramaphosa is leading a large government mission to sell his reforms and the country to the world at the United Nations this week.

Sport in an INCEtant - 25 September 2018

In a week that was dominated by the headlines surrounding Tiger Woods and the FedEx Cup finale, there were some other magical moments with plenty to...




25 September 2018

Bidcorp falls as CD buyer pulls out

The foodservice group says its UK Contract Distribution business remains non-core and it’s considering its option after the sale fell through.

PPC cements position

The cement producer says although volumes are down, it’s outpacing the industry.

Choppy waters ahead of Trencor’s results

Shares in the container leasing group fell on Friday as it prepared the market for interim results this week.

Tiso Blackstar flags full-year loss

The media group is selling non-core assets as it tries to pay down debt and focus on its core businesses.




24 September 2018

THE PLOT OUTPLOTTED?: As internal polls confirm his personal popularity, emboldened Ramaphosa moves to outflank plotters' cabal

Daily Maverick spoke to officials close to President Cyril Ramaphosa and found out why he is not losing sleep over his opponents' plans.

Happy Khambule: Eskom should look to the sun and wind - they offer unlimited energy

Eskom's recent warnings of gloom, doom and tragedy is enough to give South Africans nightmares. But in the gloom there is potential for hope.

TRADE WARS: How the Trump Stole Christmas, or, Oh, The Crazy Tariffs He Will Impose

The Trump administration has embarked on a major international trade policy initiative that may well end up causing much more harm to Americans and the world....

PEOPLE'S TRIBUNAL REPORT: Time to tackle apartheid corruption, put an end to democracy-era graft

A new report on Thursday said corruption can only be combated if we delve into our dark, debased past. The report fell short on the details,...

Letter to the Editor: State control of healthcare - a sure route to disappointment and destitution

Instead of wholesale deference to government diktat and control, South Africans should try to find a way to ensure the quality of private medical care is...




21 September 2018

Pick n Pay gains market share

The retailer grew first-half turnover by 6.4% as it increased its share of a constrained consumer market in South Africa.

Nampak benefits from Angolan hedge

Easing liquidity conditions in markets including Angola and Nigeria have also enabled it to repatriate R3.1 billion so far this year.

Steinhoff needs cushion for Mattress Firm

The furniture giant says while a turnaround plan at its US subsidiary is showing results, it needs additional liquidity.

DAYS OF Zondo Analysis: In meddling with the banks on behalf of the Guptas, the ANC besmirched its legacy

While the head of the ANC's economic transformation committee, Enoch Godongwana, is an affable and friendly man, evidence on Tuesday by former Rand Merchant Bank CEO...

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

Weekly summary of M&A activity by South African companies as well as activity from across the rest of Africa...

Corporate finance activity of the week

Weekly summary of corporate finance activity by South African exchange listed companies...

Thorts - Legal opinions - a potentially powerful business tool

In debt finance transactions, the issuance of legal opinions is sometimes perceived as a perfunctory, final step in the closing process....

Zapiro: High Court




20 September 2018

Life Healthcare maxes out in Indian sale

The private hospitals group will sell its 49.7% stake in Max Healthcare so it can focus on its other core businesses around the globe.

Remgro rides on FirstRand’s performance

The investment group’s holdings in FirstRand, RMB Holdings and RCL Foods have boosted its full-year performance.

Pan African Resources in better shape for 2019

The gold producer reported a loss for the year to end-June as it restructured its operations to focus on low-cost, long-life production.

Astral flags a soft-boiled second half

The poultry pressure says volumes and prices came off the boil recently due to weaker consumer demand.

Landmines wherever you look

Over the last few months we have witnessed Steinhoff practically melt away into nothingness, EOH's share price collapsed, as well as Resilient Real Estate Investment Trust,...

Days of Zondo: We didn't mean to pressurise the banks - Gwede Mantashe

After Standard Bank bombshell revelations, Gwede Mantashe tells Daily Maverick that 'white monopoly capital was not our angle' and reveals how FNB refused to meet with...

Japanese billionaire businessman revealed as SpaceX’s first Moon traveler

A Japanese billionaire and online fashion tycoon, Yusaku Maezawa, will be the first man to fly on a monster SpaceX rocket around the Moon as early...




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