NEWS ARCHIVES


14 November 2018

Mobile saves Telkom as landlines ring off

The telecoms operator grew mobile customers by 50% in the six months to end-September but BCX weighed on earnings.

Offshore exposure cushions Investec Property Fund

The fund has held back on local acquisitions due to a challenging microeconomic environment that is unlikely to improve in the short term.

Bulked up Wescoal open to more deals

The coal producer says it remains strongly positioned as a consolidator in the coal sector and will continue to consider value-enhancing opportunities.

Interwaste declines after it’s told to close landfill site

The waste management company is currently the subject of a takeover bid by French group Séché Environment.

Days of Zondo: Barbara Hogan: Despite warnings, Gama was Zuma's choice for Transnet from the word go

Former President Jacob Zuma was dead-set on Siyabonga Gama getting the job of Transnet Group CEO and ignored warnings from former Public Enterprises minister, Barbara Hogan...

Professor Balthazar: What's the murky truth behind the Gordhan subpoena, Mkhwebane?

Minister of Public Enterprises Pravin Gordhan would surely have expected, after the election of Cyril Ramaphosa as president, that he would no longer be the subject...

Stan Lee, Marvel legend and father of superheroes, dies at 95

Marvel legend Stan Lee, who revolutionized pop culture as the co-creator of iconic superheroes like Spider-Man and The Hulk who now dominate the world's movie screens,...




13 November 2018

Vodacom’s BEE deal shrinks profit

The network operator faced once-off costs to facilitate the R16.4 billion sequel to YeboYethu.

Brait narrows losses on New Look recovery

A turnaround strategy helped the UK womenswear chain post a first-half profit as it regained market share and cut costs.

Torre attracts buyers as it prepares to delist

A consortium of private equity funds plans to separate Torre’s industrial and analytical services businesses if the R771m deal proceeds.

Omnia sinks after flagging a half-year loss

All three main areas of the chemical and fertilizer group’s business performed poorly in the six months to end-September.

Rebosis sags as it cuts dividend

The property fund reported a loss for the year to August following a revaluation of its properties.

The Week Ahead of 13 November 2018

#ChrisGilmour - Trump's wings clipped-to an extent.

AMABHUNGANE: Guptas 'tried to use front' to extract Sahara assets

Nearly R20-million in Gupta-linked cash appears to be in limbo and may be forfeited to the state following a failed attempt to 'purchase' two aircraft owned...

Anderson outmuscles Thiem to win ATP Finals opener

Kevin Anderson made an impressive debut at the ATP Finals on Sunday, beating Dominic Thiem 6-3, 7-6 (12/10) as Roger Federer prepared to launch his bid for...

EVITA'S FREE SPEECH: Ep. 168: Evita proves service is deliverable (Video)

ANC cadre Evita Bezuidenhout tries to expose fake news and highlight alternative facts with a weekly episode of EVITA'S FREE SPEECH.




12 November 2018

Richemont’s first-half earnings disappoint

The luxury goods group reported operating profit that missed expectations due to the cost of acquisitions and disposals.

Ailing rand aids Life Healthcare

Full-year results will be better than previously expected, helped by the weak rand and a better performance from Alliance Medical in the UK.

No dividend as Tongaat swings to a loss

While sugar prices remained under pressure over the six months to end-September, they’ve since recovered due to increased duty protection.

Tiger Brands warns of lower profit

The fast-moving consumer goods group has been hit by rising costs and the impact of last year’s listeriosis outbreak.

Morgan Stanley Sues Morgan Stanley for Wrongful Use of Name

There's only one certainty in this lawsuit: Morgan Stanley is going to win.

Google outlines steps to tackle workplace harassment

Google on Thursday outlined changes to its handling of sexual misconduct complaints, hoping to calm outrage that triggered a worldwide walkout of workers last week.




09 November 2018

A2X gains scale as Standard Bank and AVI list

When the two companies start trading on the exchange, it will have 13 listings with a combined market cap of more than R520 billion.

TFG credits diversification for resilient performance

The retailer has expanded its operations in the UK and Australia and has also seen a good take-up of online sales.

Discovery launches bookbuild to fund bank stake

The Competition Tribunal approved the transfer of FirstRand’s stake in the Discovery card joint venture to Discovery Bank on Wednesday.

Stefanutti supported by mining work

With limited public-sector infrastructure work available, the construction group has done well from increased mining sector work.

DealMakers M&A Results Q1-Q3 2018

A look at state of the M&A industry in South Africa and a glimpse at which advisory firms are leading the league tables...

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

Weekly summary of M&A activity by South African companies...

The importance of intra-African investment

#PressRelease: Businessman and director at Intercontinental Trust Mauritius, Ben Lim – also known as York Shin Lim Voon Kee – delivered a presentation at the GIB...

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

Weekly summary of all M&A activity from across Africa (excluding South Africa)...

Corporate finance activity of the week

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

Thorts - African mergers still face regulatory hurdles

Africa is home to a number of established and well-resourced competition authorities with jurisdiction to review proposed mergers and acquisitions...




08 November 2018

Finbond loses business due to SASSA switchover

The mutual bank says the new Post Office card doesn’t allow for debits or stop orders, limiting its ability to lend to grant recipients.

Sandown takes action to narrow discount

The investment group is changing direction after it came under pressure from shareholders to narrow its discount to NAV.

Etion sells shares to support digital thrust

The digital technology group has sold a 12.4% stake to Douglas Investments as it raises capital to expand its digital security businesses.

MC Mining eyes expansion with new Uitkomst loan

The coal producer has secured a R20 million facility from Absa which may be used for potential expansion opportunities at Uitkomst.

Bill Gates Aims to Save $233 Billion by Reinventing the Toilet

Bill Gates thinks toilets are a serious business, and he's betting big that a reinvention of this most essential of conveniences can save a half million...

Susan Booysen: The coming suspension of electoral disbelief

Election Day in South Africa is barely six months away, to be 'held next year, before May of 2019'... Usually, this run-up period, with its built-in...

Ivo Vegter: Trade in rhino and tiger products might well save the species

China has declared it will permit limited trade in rhino and tiger products from farmed animals, for use in research or traditional Chinese medicine. Opponents of...

Recession Proof US Shares worth researching Part 3

Third article in the series on investing in Recession Proof US Shares.




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