NEWS ARCHIVES


28 March 2019

Steinhoff sells KAP stake for R4.8 billion

The retailer’s shares rose after it sold the investment to help reduce debt and boost working capital.

RDI confirms takeover interest

The real estate investment trust’s shares rallied after it confirmed a takeover approach from ASX-listed Cromwell Property Group.

Rhodes grows sales in challenging environment

Five-month sales are up but profit margins are under pressure due to low price inflation the lingering impact of the drought.

Trellidor rides on London Underground

The security products and blinds group expects to gain more traction from projects in the UK as growth at home dwindles.

Tiso Blackstar hit by impairments as it cuts costs

The media and print & packaging group isn’t paying a dividend as it focuses on reducing debt and selling its non-core steel assets.

Workforce benefits from diversification

The group is growing earnings from non-staffing businesses and says it’s likely to continue benefitting from government incentives.

Eastplats gets first revenue from Crocodile River

At full capacity, the tailings retreatment project is expected to generate cash flows from offtake of about $1 million a month for about five years.

Kibo shares soar 150% after CEO updates shareholders on four key projects

Over the past six months, JSE- and Aim-listed Kibo Energy has embarked on an extreme business makeover by selling off its mining assets to switch its...




27 March 2019

Alex Forbes to exit insurance

The group says a focus on its employee benefits business is aimed at delivering optimal value for stakeholders.

Steinhoff offloads KAP to reduce debt

The retailer will sell its remaining 26% stake in the industrial group if it can achieve an acceptable price for the stock.

Master Drilling geared up for 2019

The drilling specialist says it has a stable order book and a healthy pipeline of work, with increased enquiries for its services.

Ethos Capital sees opportunities in uncertain times

The private equity investor says it’s in a position to take advantage of attractive valuations for unlisted companies across sub-Saharan Africa.

Delta secures longer-term government leases

By signing 5-year lease agreements, the Department of Public Works will give the property fund more predictable earnings going forward.

Mid Cap Darlings- Dischem

Who better than Dischem to help us get through all the bitter pills we have had to swallow as a country. Dischem is a relatively new...

Ecsponent takes control of MyBucks

Despite a short-term decline in earnings, the credit provider says the investment will realise significant value in the medium term.

South Ocean aims for profits after Radiant

The electrical cable manufacturer believes action taken over the past year will improve profitability.

The Week Ahead of 25 March

An inverted yield curve in the US suggests a recession may not be too far off.




26 March 2019

Naspers plans Euronext listing

The global internet giant hopes to increase value for shareholders while reducing its disproportionate weighting on the JSE.

No April fool as Aspen prepares for A2X

The pharmaceuticals group says listing on the exchange provides the prospect of increasing its shareholder base.

Gemfields eyes London listing

The coloured gemstone group aims to become the “De Beers of coloured gemstones” through its mine-to-market model.

Microsoft severs more ties with EOH

The global software giant has given notice to a number of other EOH companies after terminating agreements with EOH Mthombo last month.

Murray expands in the Americas

The engineering and construction group made the announcement as German suitor ATON extended its mandatory offer by three months.

Lonmin still sees Sibanye as its saviour

Shareholders will get to vote on the transaction if the Competition Appeal Court finds in its favour.

Strike whittles away York Timber’s earnings

The timber producer has reported an interim loss but says revenue that wasn’t generated during the period will be recovered.

The Week Ahead of 25 March

An inverted yield curve in the US suggests a recession may not be too far off.

KayDav rewards shareholders as earnings rise

The group credited better control of costs and credit for a big rise in profit last year.




25 March 2019

Aveng JV loses court bid on Mtentu bonds

A joint venture between Aveng and Strabag International were seeking an order to stop Sanral from making a call on their bonds.

Brait closing out Fleet scheme

The investment holding company is repurchasing shares sold to members of its investment team back in 2011 and repaying bank loans.

Jubilee pushes ahead with Kabwe after buying a refinery

The diversified metals recovery company says buying the Sable Zinc refinery will help it get metal to market faster.

Impairments hit Gemfields’ earnings

The precious stones miner impaired its Kagem emerald mine by $22.6 million due to a new export duty in Zambia.

Business: Why Tencent Missed the Mark on Profit by Most in a Decade

Tencent Holdings Ltd. posted a slump in fourth-quarter earnings on increased spending as its prized games business showed signs of recovery after a brutal 2018.

MAVERICK BUSINESS: Rating agencies are likely looking for changes larger than South Africa's political system can deliver

The language of rating agencies is often obscure; publicly Moody's talks about 'persistent structural challenges' and the risk of 'fiscal slippages in the face of both...

Kibo gets ahead on Benga project

The resources company is progressing with a final review of the power plant project after completing a feasibility study.

GTC benefits from vibrant economies

The real estate investor has a portfolio of retail and office properties in the fast-growing capitals of Eastern and Southern Europe.




22 March 2019

Omnia’s earnings implode as debt rises

The fertilizer and chemicals group will swing to a full-year loss due to a bigger interest bill and a number of once-off charges.

Astoria shareholders back downsizing plan

The investment group plans to liquidate its listed equity portfolio and return capital.

Fortress calls off Resilient deal

The transaction was aimed at loosening ties between the two real estate investment trusts after shareholders raised concerns.

ANALYSIS: Debt is not necessarily a dirty word - but it may be

Several SA companies have suffered big share-price declines over the past year, notably drug maker Aspen and sugar producer Tongaat. The common factor among many of...

CSG warns of lower earnings

The services group gave no reason for the expected decline in profit.

BUSINESS MAVERICK OP-ED: Mark Bristow and his Randgold team tick the right boxes to run the biggest gold merger ever

Mining eats money like competitors eat frankfurters in a hot dog eating competition, writes former mining CEO Peter Flack. This fact and others means that mining...

Insimbi in acquisition talks

The group has racked up a number of acquisitions as it expands its presence in the metal recycling, beneficiation and trading business.

POLL PICKS RAMAPHOSA: ANC 61%, DA 18%, EFF 10% - Ipsos poll

An Ipsos poll indicates that the EFF could be the official opposition in three provinces, that the DA is unlikely to take three provinces, and that...




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