NEWS ARCHIVES


15 August 2018

Naspers spooked by Tencent’s monster

Ahead of Tencent’s results today, Naspers fell after the Chinese company’s new blockbuster game was blocked by regulators.

Gold Fields to slash jobs at South Deep

The gold producer is impairing the deep level mine by another R4.8 billion which will result in a first-half loss.

Curro to recapitalise laggard Meridian

The private schools group says recapitalising its subsidiary and redeeming expensive interest-bearing debt will be positive in the long run.

Chemical reaction boosts KAP

The diversified industrial group’s chemicals division was the standout performer last year as it integrated recently-acquired Safripol.

SCORPIO Analysis: Mr Moyane, you failed. Then you lied. Time to tell the truth

SARS Commissioner Tom Moyane's press release to journalists on 16 March called Scorpio's painstaking and carefully considered reportage of his behaviour at the helm of the...

ISS Today: Can China free Africa from dependency on the mighty dollar?

By extending the influence of the yuan, China could become the new champion of globalisation. By Peter Fabricius

Zapiro: Chop and mop




14 August 2018

Flash crash for rand caught in Turkey crossfire

The rand weakened to R15.70 against the dollar in what Bloomberg said was its biggest one-day slide in a decade.

Soggy results from paper group Sappi

The paper and pulp producer reported a decline in profit in what is traditionally its weakest quarter due to capex and shut downs.

Esor slumps as it files for business rescue

The board of Esor Construction hopes that entering business rescue will buy it time to develop and implement a recovery plan.

Santam’s margins recover after 2017 storms

The short-term insurer expects its net underwriting margin to rise above its long-term target range.

The Week Ahead of 14 August 2018

#ChrisGilmour - The escalation of geopolitical rhetoric took a new turn this week with the US imposing sanctions on Russia as a result of the Novichok...

Sport in an INCEtant - 14 August 2018

The last week of sporting action was filled with adrenaline pumping moments including Tiger Woods narrowly missing out on his first major victory in 10 years...




13 August 2018

Rand reels on Turkey contagion

The currency fell to its lowest in nearly nine months on Friday in the worst week for emerging market currencies in seven years.

Steinhoff sags on SA class-action report

Local litigation law firm LHL Attorneys is leading local efforts to seek damages following the massive destruction of value at Steinhoff.

BHP Billiton settles Samarco US class action

he mining group has agreed to pay ADR holders $50 million with no admission of liability.

Viking deal curtails Sea Harvest’s catch

The fisheries group will report lower first-half HEPS due to acquisitions costs and the dilution of its shares.

OP-ED: South Africa's manufacturing sector needs a rescue plan

The climate for manufacturing in South Africa is dire. Huge structural changes are needed if we are to gear ourselves towards a future with manufacturing as...

OP-ED: Nudges, not nannying, needed if we want to change consumer behaviour

Educational campaigns are known to be effective in influencing consumer behaviour. Overemphasis on stricter legislation such as the draft Control of Tobacco Products and Electronic Delivery...




10 August 2018

MTN promises more as dividend disappoints

The network operator says the US’s decision to re-impose sanctions on Iran may limit its ability to repatriate cash from MTN Irancell.

Glencore pledges capital discipline

The miner and commodities trader plans to create value for shareholders through distributions and share buy backs.

Murray concedes defeat in takeover battle

The construction group said the prospects of implementing a transaction were limited due to recent events.

Paper beats plastic at Mpact

The packaging group says Paper benefited from a good citrus crop, while Plastics were impacted by lower sales of preforms, crates and jumbo bins

Italtile beats the economy blues

The tile and sanitary ware group’s results will include a bigger contribution from Ceramic and Eeze after it increased its stake in the companies.

SCORPIO: Moyane Dossier, Part 3: How Moyane's SARS illegally paid R420m in VAT refunds to the Guptas

SARS illegally paid at least R420-million in tax refunds claimed by the Gupta companies into an attorneys trust account, to a shelf company and a shady...

Twitter chief defends not booting Infowars

Twitter chief Jack Dorsey has defended his company's decision to allow far-right conspiracy theorist Alex Jones to use the platform to spread his message, saying he...




09 August 2018

Labour Strife: Amcu threatens strike over planned retrenchment of 13,400 Implats workers

Amcu President Joseph Mathunjwa said on Tuesday that the trade union doesn't make threats. It will shut down Impala Platinum if the company proceeds with plans...

Trump warns world against business with Iran as sanctions return

US President Donald Trump warned countries against doing business with Iran on Tuesday as he hailed the "most biting sanctions ever imposed", triggering a mix of...




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