NEWS ARCHIVES


11 October 2018

Naspers drags JSE down in global tech rout

The US/China trade war, rising US interest rates and a shift out of tech shares have pushed global markets lower.

Stefanutti jumps on earnings forecast

Even without the restatement of last year’s results due to new accounting standards, earnings will still be higher.

Newpark cuts dividend as vacancies rise

The JSE’s landlord lost a large tenant at its 24 Central mixed-used complex and says its full-year distribution is also likely to be lower.

Newsflash: Gupta lieutenant demands business class flight from India to address Parliament

At Parliament's ongoing hearing into how the Gupta family obtained naturalisation, it was revealed that key Gupta lieutenant Ashu Chawla had a special demand for Parliament....

Branson says Virgin Galactic to launch space flight ‘within weeks’

British entrepreneur Richard Branson said he expects his Virgin Galactic company to conduct its first space flight "within weeks, not months".

Cannabis Shares - a growing market

I have had a request to comment on Cannabis shares. Here is a short discussion on the subject from a U.S. perspective

US Open, PGA winner Koepka voted PGA Tour Player of Year

Brooks Koepka, this year's US Open and PGA Championship winner, was announced Tuesday as the US PGA Tour Player of the Year, having won a vote...

Zapiro: Viewing Nene




10 October 2018

Rand rallies as Mboweni replaces Nene

Tito Mboweni is the country’s 5th finance minister since 2015 and President Cyril Ramaphosa says he has his work cut out for him.

Sean Muller: Beyond Nene: Ethical shortcomings in the public sector

In South Africa's public service the proportion of officials with strong, clear commitments to ethical principles is small. Officials like Themba Maseko -- who dismissed the...

Zeder reaps more from its investments

While the agribusiness’s shares remain under pressure, earnings have recovered at most of its underlying investments.

AfroCentric takes control of Activo

The MedScheme owner says the transaction is consistent with its strategy of expanding its mediation distribution network.

Netflix, already a studio in all but name, is buying a studio

Netflix Inc. is buying its first production studio, the New Mexico facility used to make "The Avengers'' and "Sicario,'' to accommodate its growing output of original...

Ivo Vegter: Even the meagre promises of the Jobs Summit are empty

The talking heads at last week's Jobs Summit among government, business and labour have decreed that they will create 275,000 jobs per year. If it was...

OP-ED: Many Belts and Roads? Demystifying China's Africa Ambitions

There is no doubt that China's emergence as the world's second-largest economy and, particularly, its role in Africa, has shaken up the established order. No longer...




09 October 2018

JSE reopens 2016 Invicta share probe

Subsidiary Humulani bought 1.88 million shares from two of the group’s directors in 2015 without the proper authority.

Tharisa on track with 2020

The low-cost platinum and chrome producer remains on track to meet its 2020 targets after beating its guidance over the past year.

Sirius says rentals are on the rise

The German-focused property group says organic rental growth is up despite some large move outs at the start of the year.

Emira diversifies with Transcend stake

The property fund has acquired a 9.9% stake in Transcend and has committed to raise its holding above 25% in the next 18 months.

Datatec in the cloud with Microsoft partner

The group’s Logicallis subsidiary has bought Australian Microsoft Azure partner Computer Network Integration.

The Week Ahead of 9 October 2018

#ChrisGilmour - The main economic feature of the past week in South Africa was the Jobs Summit. Although far from perfect, this is a very welcome...

Sport in an INCEtant - 9 October 2018

The Springboks suffered a heartbreaking loss at Loftus while plenty other drama unfolded on the sporting fields over the weekend!




08 October 2018

Steinhoff bounces on Mattress Firm bankruptcy plan

The court-supervised prepackaged financial restructuring will help Mattress Firm strengthen its balance sheet and optimise its store footprint.

intu soars on potential takeover

After being shunned by rival Hammerson in April, intu’s shares jumped as much as 30% on Friday on renewed takeover prospects.

Tongaat warns of earnings slide

Sugar prices remain under pressure and the group sold less than one developable hectare of land in the six months to end-September.

Phumelela benefits from global appeal

While the sports betting group was affected by the weak SA economy it said it retained its appeal in international markets.

JOBS SUMMIT: Ramaphosa and job creation - no easy answers in times of crisis

President Cyril Ramaphosa said on Thursday that a pact between government, business and labour, announced at the Jobs Summit, will create 275,000 jobs a year. While...

WILD COAST MINING RIGHTS: As tensions rise, government insists there's no decision to grant Australian company the right to mine at Xolobeni

Comments made by Mineral Resources Minister Gwede Mantashe in a radio interview this week gave credence to the idea that the government intends to grant mining...




05 October 2018

Pioneer Foods still taking strain

Shares in the food producer sagged after it indicated that growth had slowed in the second half of its financial year.

Rand falls on weaker outlook, strong dollar

After flirting with R14 to the dollar last month, the rand is now closer to R15 as the outlook for economic growth deteriorates.

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

Weekly summary of M&A activity by South African companies as well as activity from across the rest of Africa...

Corporate finance activity of the week

Weekly summary of corporate finance activity by South African exchange listed companies...

Days of Zondo: Zuma, Mahlobo, Joemat-Petterssson, Nkoana-Mashabane strong-armed Nene into signing secret Russian nuclear deal

In 2015, prior to his one-on-one meeting with Russian president Vladimir Putin, former president Jacob Zuma had placed pressure on the minister of finance Nhlanhla Nene...

ISS Today: China's salami slicing takes root in Africa

With the consent of African governments, China's subtle but deliberate strategy is paying off. By Ronak Gopaldas for ISS TODAY.

Thorts - Now is the time to invest in African agritech

Approximately 55% of sub-Saharan Africa's population is employed in agriculture. Therefore, the cost of moving to autonomous farming is much greater in Africa than in agricultural...

GroundUp: Victory for debtors as judges rule that cases must be referred to lower courts

The Pretoria High Court finds that access to justice is denied when banks drag cases into high courts. By Ciaran Ryan.




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