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NEWS ARCHIVES
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.
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...
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.
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.
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
SENS
SATRIX COLLECTIVE INVESTMENT SCHEME
Listing of Additional SATRIXWDM Securities
Published date: 25-Mar-2019 08:05:00
NEWGOLD ISSUER (RF) LIMITED
NGPLT/NGNPLT: Listing Of Additional NewGold Platinum Debentures
Published date: 25-Mar-2019 08:05:00YESTERDAY'S BEST READ
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...
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.
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...
