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15 January 2020
Roy Bagattini, who has spearheaded the turnaround of several companies, will take over as CEO in the middle of next month.
Massmart has plans to close as many as 23 of its DionWired stores as part of a turnaround plan for the retail and wholesale group.
Ethos will use the proceeds of its capital raise to help fund its participation in a rights issue Brait has planned.
The release of Q4 US corporate earnings next week will show whether or not the exuberance of the stock market last year was justified.
The group is selling its loss-making retirement villages operation to help secure the long-term future of the remainder of its business.
14 January 2020
Dion-Wired and some of its Masscash stores will be affected as the retail and wholesale group culls unprofitable units to restore earnings.
The shopping centre owners says the sale is in line with its strategy to dispose of property to reduce its loan to value ratio.
The real estate investment trust plans to reduce its exposure to the retail sector while strengthening its balance sheet.
A number of minority shareholders have taken up a mandatory offer that was triggered as RAC built its stake in the investment firm.
13 January 2020
Rival bidder Takeaway.com will now merge with the UK food delivery group to create the biggest food delivery platform outside China.
Shares rallied after the Attorney General withdrew a letter of demand for billions of dollars in back taxes.
DRDGOLD will use the cash for the additional stake to fund the second phase of its West Rand tailings project.
Subsidiary OUTsurance owns Australian insurer Youi, which is counting the cost of the devastation.
The platinum and chrome producer has maintained full-year production guidance despite a number of obstacles as the year got underway.
10 January 2020
The former Comair chair occupied a board position since 1993 and had an intimate knowledge of the alpine and the aviation industry.
The construction group says it is considering its position and taking advice after Legacy Group moved to terminate its contract for the Joburg skyscraper.
Private equity firm Phatisa will become part-owner of the specialty chemicals group as it prepares to delist from the JSE.
09 January 2020
The Absa PMI remains below the 50 break-even level, with some respondents to the survey blaming electricity disruption for lost production time.
Sirius Minerals is developing what may be the biggest deposit of polyhalite in the world but needs more cash.
The group plans to focus on its African equipment distribution business and rejig its engineering operation.