NEWS ARCHIVES


06 May 2019

Brait’s New Look completes debt restructuring

A series of transactions have trimmed Brait’s equity stake in the UK fashion chain to 18.5%.<

Investec Property Fund backs Australia listing

The fund says releasing some of its shares into this month’s listing will help it diversify its portfolio.

intu flags lower income as Roberts takes over

The property group’s new CEO says retail income will be up to 6% lower this year as more companies enter CVAs and tenants hold back.

Indluplace warns of weaker dividend

Continued vacancies at its Highveld View property and challenging trading conditions have forced the real estate investment trust to lower its guidance.

BUSINESS MAVERICK: The Shoprite/Wiese deal: Is there a plan B?

It's quite a standoff. The Shoprite board has recommended that its founder and chairman Christo Wiese should be paid R3.3bn for the high-voting shares that were...

Judith February: OPINIONISTA: Ignore the polls, vote on 8 May -- and wait

What is certain is that this election will be both important and unpredictable. Much will hinge on turnout. A high turnout will favour the ANC.

Efficient benefits from end of profit-share

After exercising its option to end a profit share agreement, 100% of profits now accrue to the financial services group.




03 May 2019

Ascendis finds buyers for Biosciences businesses

A consortium of private equity groups and management will pay R480 million for the most of the businesses in the Ascendis Biosciences division.

Harmony maintains production guidance, raises costs

The gold producer says higher all-in sustaining costs for the year to June take Eskom price increases into account.

Pembury falls short as it grows enrolments

The group is reviewing its investment in retirement villages as it focuses on growing learner numbers at its schools.

BUSINESS MAVERICK: SARS pencils in an extra R10bn in tobacco excise revenue after clamping down on illicit industry

One of the most obvious pieces of low-hanging tax fruit is the illicit tobacco industry, which was a big topic at the Hefer Commission. The good...

BUSINESS MAVERICK: Trusts under BEE scrutiny in yet another dramatic policy shift

One thing certain about SA's business and economic environment is uncertainty. Targets or policies seemingly set in stone are suddenly not worth the paper they were...

MOTORING: Audi Q8: Setting a new course

The new Q8 is being billed as the harbinger of new and great things at Audi. It's meant to place a greater emphasis on sporty, aspirational...




02 May 2019

Sun International cuts Latam stake ahead of IPO

The hotels and casinos group is selling part of its interest in Sun Dreams in Chile to minority shareholder Pacifico.

Glencore lowers 2019 copper guidance

First-quarter production was affected by flooding in Australia and safety-related stoppages and smelter outages in Zambia.

CSG prepares for growth after tough year

The services company faced a number of challenges last year as it integrated security acquisitions, lost contracts and fell victim to fraud.

Astral warns of weaker earnings

The poultry producer says feed prices are up while selling prices have fallen.

BUSINESS MAVERICK: Pick n Pay's Richard Brasher is getting the job done

The surge in Pick n Pay's share price and sales suggests that the retailer is returning to its former glory days. Brasher, the Brit who was...

Brainworks returns to profit

The investment holding company reported strong growth in revenue from its hospitality and property investments after exiting financial services.

Ingenuity maintains focus on the Western Cape

The property investor says it expects to complete two new developments in Cape Town within the next six months.




30 April 2019

Shoprite. Deferred compensation

Shoprite’s proposal to acquire and cancel its deferred shares to align voting power with economic value and fall in line with good governance practices will require...

MTN Ghana rings up strong first-quarter sales

The mobile network operator has reported a strong rise in voice and data revenue for the three months to end-March.

Oasis positioned for economic recovery

The bulk of the fund’s portfolio is in the Western Cape, with growing exposure to the logistics sector.

MC aims to start Makhado construction by September

The project will make MC Mining the top producer of high-grade metallurgical coal in the country.

Kibo gets go ahead for Tanzania project

The energy group will now enter talks to export energy from its MCCP project to other countries in the region.

The Week Ahead of 29 April 2019

The S&P 500 closed at 2 939.88, its highest-ever close and a whisker away from its record intra-day high set in Sep 2018. Much better-than-expected US...

Trematon grows investments in schools, property

The investment group has sold off mature assets so it can grow its schools business and invest in residential property.

EVITA'S FREE SPEECH: Ep. 192: Evita celebrates a birthday (Video)

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




29 April 2019

Glencore faces another probe

The commodities giant says it will cooperate with an investigation by the US Commodity Futures Trading Commission.

Pick n Pay lures customers with price cuts

The supermarket group says a six-year strategy to build a leaner and fitter business is paying off.

Implats maintains targets despite power challenges

The platinum producer expects to meet its full-year guidance, albeit at the lower end.

Naspers switches MakeMyTrip for Ctrip stake

Naspers obtained a 40% stake in MakeMyTrip two years ago through a merger with Ibibo Group.

Ellies back with a new board

After a tussle with shareholders in December, the consumer and commercial electronics group will ask them to ratify its new board of directors.

Business Maverick: The spectre of stagflation is haunting South Africa and the alternative is also scary

South Africa's economy does not have a lot in its favour at the moment. Relatively moderate inflation in recent years has been one of the few...




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