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06 June 2018
The economy shrank the most since the global financial crisis in the first quarter due to sharp contractions in agriculture and mining.
The construction group will offer investors new shares at 10c each, regardless of whether a merger with Murray & Roberts goes ahead.
The group, which was unbundled from enX, is exiting its mining contracts as it transforms itself into an alternative investment fund.
On 29 May 2018, the South African Parliament passed the National Minimum Wage Bill together with the Basic Conditions of Employment Amendment Bill and the Labour...
It looks as though we may have to settle in for the long haul in the prosecution of Jacob Zuma for corruption. There has been very...
05 June 2018
The luxury goods group has sold luxury handbag maker Lancel to Piquadro and has bought Watchfinder.co.uk.
Shares in the tertiary education group shot up 20% after it updated the market on student numbers and outlined plans for a new Durbanville campus.
The retail group says it’s been advised that there’s no reasonable prospect of its being held liable for an earn-out deal.
The property fund expects earnings to decline marginally due to once-off lease adjustments and asset disposals.
In SA, private sector credit extension (PSCE) fell in Apr to 5.1% year on year (y/y) from 6% in Mar. The main culprit was reduced borrowing...
Locals aren’t as enthused by the new development. Residents, occupying low-cost housing blocks, face the threat of eviction to make way for the new shopping gargantuan.
Last year Africa had 21 billionaires and this year Africa has 23 with a combined total of $75.4 billion dollars. This is R956 065 460 000
04 June 2018
The retailer has normalised its dividend payout as its earnings recovered after last year’s blip.
The inclusion of Alliance Medical’s earnings for the full six months led to Life Healthcare’s profit more than doubling.
If the deal goes ahead, Metair says it will make it a key player in the global energy solutions market.
Claims of Dan Matjila's looming suspension arose earlier this week when it emerged that the PIC's investment committee is looking again at the corporation's recent R4.3-billion...
Canada hit back at steep US tariffs on aluminum and steel on Thursday, announcing retaliatory duties on up to Can$16.6 billion (US$12.8 billion) in American imports.
Reserve Bank Governor Lesetja Kganyago is a level-headed man who remains above the political fray while steering the country's macroeconomic policy. Kganyago is unassuming and brilliant,...
01 June 2018
The fast food and luxury goods group has reported wider losses as it invests in rolling out Domino’s and Starbucks outlets.
Shares in Aveng jumped 36% yesterday after Murray & Roberts said it planned to discuss the merits of a merger with ATON.
The contract services group has grown its Security and Risk Solutions business through a number of deals last year.
The telecoms and fintech group says acquisitions made last year have opened it up to new growth opportunities.
The property group plans to buy back up to 4.99% of its own shares as it says they trade at a big discount to NAV.
This week, I have to recommend staying up late on Saturday night to watch the Springboks in action against Wales. This will be the first time...
Have a look to see what is happening this week in our DealMakers section with the latest M&A results with JSE-listed, unlisted and companies in Africa...
Old Mutual has announced it intends to proceed with a global offering of up to 9.6% of Quilter. The price range will be published on June...
Peermont, a leading South African gaming, entertainment and hospitality company, has implemented a range of complex and holistic balance sheet optimisation transactions to position the company...
Prior to joining Bravura, Roberts held positions at Rand Merchant Bank, Bank of America Merrill Lynch (London and Johannesburg), Deutsche Bank (London) and Vodacom (internal M&A).
31 May 2018
Almost a third of Spar’s turnover is generated in foreign currency and the rand’s depreciation against the euro helped boost first-half earnings.
The packaging group still plans to sell its glass business and expects to conclude a deal by the first half of next year.
The real estate investment trust is experiencing strong deal flow and seeing the benefits of the operating infrastructure it has created in Spain.
The short-term lender says there are big opportunities in the $46 billion per year US alternative financial services market.
Cape Town - South Africa's top tennis player, Kevin Anderson , has sailed into the second round of the French Open after a straight-sets victory over...
The European Union will deploy observers to Zimbabwe's general election expected in July, the first time in 16 years the bloc will monitor polls in the...