NEWS ARCHIVES


22 August 2018

Shoprite’s trolley gets a wobble

Shares in the supermarket group fell sharply after it reported a drop in earnings and a lower dividend.

Pepkor grows sales in deflationary environment

The retail giant says the impact of deflation on sales growth is starting is starting to decline, with last month’s sales particularly strong.

Imperial motors ahead

A strong performance from its automotive division resulted in record revenue from the motor and logistics group.

BHP pays record dividend amid uncertainty

The company says there are downside risks to the global growth outlook this year due to rising trade protectionism.

Harmony hit by impairments as production rises

The gold producer aims to lift production in the year ahead by 18% helped by the inclusion of Moab Khotsong and Hidden Valley.

PepsiCo to buy SodaStream for $3.2 bn

PepsiCo said Monday it plans to buy SodaStream, an Israeli maker of carbonation products, for $3.2 billion as the beverage and snacks giant makes further inroads...

ANALYSIS: As Days of Zondo start, it's the politics of it that matter

The Zondo Commission of Inquiry into state capture got underway this week. It is obvious that it will be some time before this commission makes any...

Evita's free speech. Ep. 156: Evita exposes the Bantu in your closet (Video)

Evita Bezuidenhout celebrates 20 years of her Darling venue Evita se Perron with a weekly episode of 'Evita's Free Speech'. Here's the Episode 156.




21 August 2018

Sasol gears up for Lake Charles

The oil and chemicals group says the US chemicals project will transform its earnings profile.

Venkat leaves AngloGold Ashanti on a high

The outgoing CEO says production at the gold miner is strong, costs are improving and its pipeline is well stocked.

Naspers finalises Flipkart sale

It will use the proceeds to reinforce its balance sheet and accelerate growth in its classifieds, online food delivery and fintech businesses.

Implats warns of bigger losses

The platinum producer was been affected by impairments, a deferred tax charge and retrenchment costs.

Arrowhead cuts forecast on Rebosis rebase

The property fund owns 18.6% of Rebosis and expects a larger decline in its full-year dividend following a rebase of Rebosis’s earnings.

The Week Ahead of 21 August 2018

#ChrisGilmour - Tiger Brands shocked the market with a dreadful trading update for the year to Sep 2018 and almost immediately the share price fell by...

Sport in an INCEtant - 21 August 2018

The talent on display last week showed viewers exactly how good some of the World’s best athletes are. See this week’s article for some of the...




20 August 2018

Famous Brands mulls its options

A vague cautionary announcement on Friday has raised speculation that moves are afoot to offload its ailing Gourmet Burger Kitchen subsidiary.

Steinhoff on track with restructuring

The furniture group’s shares jumped as much as 27% after it confirmed that the restructuring would be launched within the three-month deadline.

Resilient warns of lower payouts

The real estate investment trust says the distribution of its Fortress stake to investors will affect future dividends.

Libstar blames mushrooms for profit fall

The branded food producer and distributor has also been affected by lower margin business and share dilution after this year’s IPO.

Harmony impairments hit profit

The gold producer says impairments, a translation loss on dollar debt and lower derivate gains will deplete full-year earnings.

Esor suspends trade as it aims for rescue

The company said the effects of the business rescue proceedings instituted at Esor Construction on the listed holding company were not known.

Viva la revolución: Washington sleeps easy: SA envoy to Venezuela calls off 'plans' for military action against US

Pretoria's man in Caracas has retracted his offer to help Venezuela fight off a feared American invasion.

ANALYSIS: Transnet's looters on the ropes - but criminal charges need to follow swiftly

Hawks boss Godfrey Lebeya told Parliament this week that the unit is investigating fraud, corruption and money laundering in a case involving the largest amount of...




17 August 2018

Standard Bank grows digital in competitive market

The bank says a growing number of customers are opting for digital banking channels, in South Africa and the rest of Africa.

Truworths lures more eyeballs online

The clothing and homeware chain is expanding its online offering as retailers battle to get feet through doors.

Gold Fields’ CEO isn't quitting

The gold producer has reported a first-half loss after impairing South Deep as it prepares to lay off workers.

Listeriosis and rising costs clip Tiger’s claws

The group says full-year earnings will be up to 37% lower due to higher costs and the impact of the listeriosis product recall.

Charged up Metair overcomes Lira’s decline

A strong performance more than offset the Turkish Lira’s slide but the group is being cautious with capital for the rest of the year.

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

Your weekly M&A Pulse brought to you by DealMakers and sponsored by Cliffe Dekker Hofmeyr...

Corporate finance activity of the week

Your corporate finance activity brought to you this week by DealMakers and sponsored by Cliffe Dekker Hofmeyr...

OP-ED: SARS Acting Commissioner Mark Kingon on Accounting & Accountability: 'We clearly have something to fix'

This is an edited version of an address by SARS Acting Commissioner Mark Kingon to the Institute of Internal Auditors of South Africa, delivered on 13...

Thorts - Disruption success isn’t so much about how you approach it:

While the initial response by large corporations to innovative and technological disruption is largely focused on the wholesale acquisition of new industry entrants, this is not...

Movers & Shakers - Annuscha Pillay

Annuscha Pillay has joined the M&A/Corporate Practice at Baker McKenzie in Johannesburg as Partner.




16 August 2018

Naspers dives on Tencent profit fail

The Chinese Internet and gaming giant reported revenue and profit that fell short of expectations.

Emira lifts distribution as vacancies fall

The property fund says due to an oversupply of offices it’s had to reduce rentals and provide tenants with more incentives.

M&R forecast fails to lift shares

After a strong first half, the construction and engineering firm expects full-year earnings to be more than 20% higher.

Marius Oosthuizen: Ten irrefutable laws of economic success

The heart of our economic problem is this: two few people work, because there are too few jobs available, because there are too few companies to...

SpaceX vows manned flight to space station is on track

Tech magnate Elon Musk's SpaceX vowed this week to send its first astronauts into orbit on schedule next year -- part of a drive to restore...

ANALYSIS: In choosing the next NPA boss, Ramaphosa must navigate carefully

On Monday, President Cyril Ramaphosa was finally gifted the one thing he has probably wanted the most, ever since he ascended to power at the Union...

Evita's free speech: Ep. 155: Evita gives a toffee

#Video - Evita Bezuidenhout celebrates 20 years of her Darling venue Evita se Perron with a weekly episode of 'Evita's Free Speech'. Here's the Episode 155.




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