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30 May 2018
The retailer says the fall in Steinhoff’s share price meant the risk of liability on its third-party guarantees could no longer be considered remote.
Aveng says merging with M&R would be in the best interests of shareholders and it’s continuing to pursue a deal.
The offer price values MTN’s Ghanaian operation at about R17 billion.
The bank that was formed out of ABIL’s good assets has reported a drop in credit impairments as it focuses on lower-risk customers.
While its foundation business experience a tough year, it was supported by its metals recycling operation.
Italy was mired in fresh political chaos after the populist parties' bid to take power collapsed with the president set to appoint Monday a pro-austerity economist...
US and North Korean officials met Sunday at a border truce village as preparations resumed for a high-stakes, high-drama summit that President Donald Trump suggests could...
29 May 2018
The telecoms group invested R7.9 billion in capex last year as it grows its mobile and fibre network.
The ICT and electronics group says there’s been an unprecedented reduction in demand from SOEs and municipalities.
ATON has also been told to make a mandatory R17 per share offer to Murray & Roberts’ shareholders.
The sale price implies that ArcelorMittal SA’s stake in Macsteel International is worth more than its entire market capitalisation.
The sugar producer faced unfair competition from imports after the government failed to put proper safeguards in place.
#ChrisGilmour: The SA Reserve Bank’s Monetary Policy Committee decided last week to keep the repo rate on hold at 6.5%. Although this was widely anticipated, SARB...
28 May 2018
The African retail giant says it will report lower first-half earnings after making provisions to deal with Steinhoff’s collapsing share price.
The German group has bought more shares in Murray & Roberts at R17 each and is now obliged to increase its offer to minorities.
The fund manager says the market for virtual currencies is evolving at a rapid pace, attracting both domestic and international flows.
The rand’s strength at the beginning of the year and so-called metal price lag will more than halve Hulamin’s first-half earnings.
The welcome announcement on Thursday of the appointment of Dr Seswantsho Godfrey Lebeya to head the Directorate for Priority Crime Investigation (the Hawks) comes at a...
North Korea said Friday it was still willing to talk to the United States after President Donald Trump abruptly cancelled a summit between the two countries, a...
25 May 2018
Conditions for the private hospitals group have improved in the Middle East but Switzerland is now in need of resuscitation.
The retail group says consumer and business confidence have been hampered by economic and political uncertainty, here and in the UK.
The group believes that its long-term investment strategy in the UK was sound and that Gourmet Burger Kitchen will add value in time.
The group says the factories where its value-added meat products are made will be closed for most of the remainder of its financial year.
The group expects to report a fall in earnings before interest and tax due to flat sales and an organisational restructuring.
My stand out moment of last week has to be Hayden Parker’s last minute drop-kick which gave the Sunwolves a shock victory against the Stormers.
KAP Industrial has reached an agreement with Sakhumzi Foundation Empowerment Trust and the FWG Pieters Trust in terms of which the two companies will subscribe for...
ATON has acquired an additional 6,600 Murray & Roberts (M&R) shares on the open market at R15.00 per share as per the scheme of arrangement.
Against this backdrop, global interest in, and activity around, M&A deals in SA and into Africa increased fairly significantly in the first few months of 2018.
24 May 2018
The Africa-focused retail giant raised R18 billion in new financing from local banks and will use R2 billion to fund its operations.
Reinet says it continues to take comfort from BAT’s underlying financial results, dividend flows and future prospects.
The hotel and casino operator says its underlying operations remain highly geared towards the SA consumer and the corporate market.
The furniture retailer expects sales to continue improving, helped by a favourable court ruling on affordability assessment regulations.
US Secretary of State Mike Pompeo on Monday warned Tehran would be hit with the "strongest sanctions in history" and cautioned European firms against continuing to...
Beyond the walkout that played out on live TV over the weekend, it's time for some introspection about South African rugby's institutional framework that's largely set...