12 June 2018

Vodacom unveils new R17.5bn BEE deal

YeboYethu shareholders will receive a R3 billion special dividend, equal to R67.28 per share.

Profit down as Alex Forbes delivers on costs

The financial services group says it’s met its 2020 savings target two years ahead of schedule.

Novus says its results will be less bad

The print and packaging group has closed a plant and decommissioned printing presses after Media24 renegotiated its printing agreement.

Ellies continues its comeback

The electronics group will report a full-year profit after a turbulent few years of losses.

The Week Ahead of 12 June 2018

#ChrisGilmour - May was described by a Twitterati as looking like a deranged automaton, a reject from Westworld in expensive shoes.

Analysis: KZN and North West, ANC's ticking clockwork oranges

On Friday the ANC's provincial conference in KwaZulu-Natal was stopped from going ahead by a court order. There are very few solid predictions that can be...

Blitzboks seal World Series title with win at Paris Sevens

The Blitzboks won the Paris Sevens by beating England 24-14 and retained the World Rugby Sevens Series crown on Sunday.

11 June 2018

Rand caught in emerging-market contagion

The unit traded at its weakest in six months on Friday as investors dumped emerging-market assets for US dollars and treasuries

Bid for Murray turns acrimonious

ATON maintains that merging M&R with Aveng would benefit Aveng’s bondholders at the expense of Murray’s shareholders.

GROUNDUP: Post Office to pay all social grants, including cash

MPs call for government to investigate CPS dealings.

OP-ED: VAT zero-rating may be a dead end

The bottom line is that there is no entirely satisfactory way to protect the poor from the VAT increase. And that draws attention to a larger...

MOTORING: New Suzuki Swift: More of the same - just better

Small car specialist Suzuki has replaced its most successful seller, the Swift, with an all-new model. Rather than trying to fix something that isn't broken, the...

08 June 2018

Steinhoff gets lifeline from creditors

The support from the majority of the group’s creditors will stave off insolvency proceedings against the beleaguered furniture retailer.

Bidvest says it’s yet to benefit from Ramaphoria

The industrial group says its local operations have delivered a solid performance for the 10 months to end-April despite weak economic activity

Stenprop tweaks distributions as it prepares for London Listing

The property group is changing its distribution policy in line with its new UK REIT status as it prepares to list on the LSE.

Sport in an INCEtant! 8 June 2018

Despite the completely lack lustre performance last week, I will again pinpoint the Springbok's clash against England on Saturday to be a sporting spectacle worth watching...

RIGHT OF REPLY: Hogan Lovells: The professional role of lawyers is sometimes misunderstood or misconstrued

Over the past several months, Daily Maverick has published a series of articles questioning our actions, our motives and ongoing engagement with SARS. In this right...

Judith February: We have more important matters to deal with than renaming airports

Naming and renaming can be controversial and bring out the ugliest impulses in a society, as we know only too well here in South Africa.

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

Stadio is to acquire vacant land located in Durbanville for an undisclosed sum as part of its plans to roll out a new campus. The acquisition...

Corporate finance activity of the week

Aveng has announced that its Rights Offer will comprise an offer of approximately 5 billion new ordinary shares at a subscription price of R0.10 per share...

Facebook says Chinese phone makers got access to data

Facebook on Tuesday confirmed that a Chinese phone maker deemed a national security threat by the US was among companies given access to data on users.

Thorts - The Sanlam group's investment in Saham Finances

The transaction will also enable the Sanlam group to present a truly pan-African business offering to its clients.

07 June 2018

Sanlam plans another equity raise

The life assurer says it will issue 5% more shares later this year to boost its empowerment credentials.

Zimplats meets government half way on land

The platinum producer has secured mining tenure over two parcels of land for the life of mine of its operations in Zimbabwe.

Harmony Gold raises R1bn in bookbuild

The gold producer will use proceeds to pay part of the bridge loan it raised to fund its Moab Khotsong acquisition.

Kibo enters power JV in Mozambique

The energy and resource company says the project will help position it as a leading regional energy player.

Apple touts privacy features of new operating systems

Apple has unveiled new operating systems for its iPhones and computers with features designed to thwart the use of secret trackers to monitor people's online activities.

Andile Ndevu: Renaming Cape Town International Airport: An opportunity to unite

We should take the opportunity of renaming Cape Town International Airport to unite and acknowledge our common history and destiny.

06 June 2018

Ramaphoria fails to boost growth

The economy shrank the most since the global financial crisis in the first quarter due to sharp contractions in agriculture and mining.

Aveng proceeds with rights offer as ATON turns away

The construction group will offer investors new shares at 10c each, regardless of whether a merger with Murray & Roberts goes ahead.

eXtract on track with transformation

The group, which was unbundled from enX, is exiting its mining contracts as it transforms itself into an alternative investment fund.

Eddie Cottle: The Labour Relations Amendment Bill - A victory for Business

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...

EDITORIAL: SARS inquiry by Judge Nugent, the game-changer South Africa desperately needs

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...

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