29 October 2018

Richemont targets rich Chinese through Alibaba

The group say the partnership is aimed at providing its luxury brands enhanced access to the vast Chinese market.

Katanga restart boosts Glencore’s cobalt output

The commodities producer and trader has cut its full-year oil production guidance by 6% but has maintained its other guidance.

Wescoal in talks to acquire Universal stake

The coal miner is negotiating to join a consortium of investors that has made a bid to buy ASX-listed Universal Coal.

ITL takes Africa Global Funds award

The Mauritius-based financial and fiduciary services firm has been acknowledged as the best administrator of investment funds on the continent.

OP-ED: Tito's Tough Choices

Unsurprisingly, with an election coming up, Tito Mboweni has largely avoided the tough policy choices that government needs to make - and not just politically fudge...

OP-ED: 2018 MTBPS - idling at a crossroads

This mini-budget fails to adequately meet the needs of the 64.2% or about 30 million South Africans who live below the poverty line. For these households,...

MOTORING: Volvo XC40 T3 R-Design: Swede sensation

Entry-level models are usually outshone by their smarter, more powerful siblings. But in the case of the Volvo XC40 T3, entry-level doesn't mean stripped out or...

26 October 2018

Clicks beats the winter blues with strong earnings

The retailer has reported a strong rise in earnings despite pressure on consumers and depressed cold and flu medicine sales.

AB InBev halves dividend as it tackles debt

The global brewing giant has a long way to go to meet its objective of reducing net debt to two times EBITDA.

Altron resumes dividends as restructuring pays off

The ICT group has paid its first dividend in over two years after selling non-core businesses and reducing debt.

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

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

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

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

MID-TERM BUDGET ANALYSIS: Mr Hard-edged Honesty Mboweni offers mostly blood, toil, sweat and tears. Did we mention Honesty?

Finance Minister Tito Mboweni wore the wrong suit for his maiden Medium-Term Budget Policy Statement (MTBPS) in a sweltering Cape Town. But that MTBPS he delivered...

Zapiro: Marshalling Tito

DAVOS IN THE DESERT: As Saudi investment conference kicks off, SA maintains ambiguous stance on Saudi relations

Tuesday saw the opening of Saudi Arabia's much-touted Future Investment Initiative, dubbed 'Davos in the desert', amid an exodus of senior business leaders and politicians following...

Corporate finance activity of the week

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

25 October 2018

Tito searches for the best of times in the worst of times

The finance minister said the economy was at a crossroads as he cut this year’s growth forecast and raised the projected budget deficit.

Famous Brands’ UK burger chain enters CVA

The Company Voluntary Arrangement will give Gourmet Burger Kitchen space to restructure to help ensure its financial viability into the future.

Howden offers minorities big delisting premium

The gas handling equipment supplier said the R44 per share gives minorities a unique opportunity to exit their holdings of the illiquid stock.

Long4Life beds down acquisitions

The investment group says its operating businesses have delivered according to expectations despite the challenging economic climate.

Winter sales and weak rand benefit Truworths

The retailer’s end-of-winter sale commenced at the start of its new financial year, while the weaker rand boosted revenue from the UK

Just Share's response to the JSE Consultation Paper

On 19 September, the JSE published for public comment a “Consultation Paper on possible regulatory responses to recent events surrounding listed issuers and trading in their...

Fintech launches fun savings app for SA millennials

An AI-powered financial literacy platform aimed at millennials, building trust and security for personal finance...

Recession Proof US Shares worth researching

As the US market approaches a plateau it is probably a good time to look for recession-proof investments.

24 October 2018

intu’s value falls ahead of takeover bid

The shopping centre owner has lowered the value of its properties due to negative sentiment towards retail property in the UK.

Anglo revises platinum production higher after strong quarter

The diversified miner produced 1% more metal and diamonds across its operations in the three months to September.

Astoria maintains equity position despite volatility

The investment group says it continues to engage with major shareholders on ways to unlock value due to its discount to NAV.

Parliamentary Monitoring Group: The Week: Mini-budget, Debates and Hearings top the agenda

An eclectic week of parliamentary action beckons in the main chambers and Committee corridor, with all eyes on the new Minister of Finance, Tito Mboweni, when...

Notes from the House: Is the award-winning Competition Commission starting to smell bad?

Democratic Alliance fears that if the Competition Amendment Bill becomes law the Competitions Commission would gain considerable scope to intervene in market structures.

ANALYSIS: Ace Magashule's unstoppable oncoming train, now a few metres closer

After all of the fire and fury around the Economic Freedom Fighters and the VBS Bank scandal, which should in all honesty be called the VBS/ANC/EFF...

Climate Change: The lack of political will: The biggest hurdle to averting climate disaster

Scientists released a report on global climate change this October that comes with the starkest warning yet: We have just 12 years to make radical changes...

23 October 2018

Lonmin strikes new loan deal before takeover

The $200 million raised from China’s state-backed Pangaea Investments will be used to settle current restrictive loans and provide more liquidity.

Verimark proposes delisting after volatile first half

The retailer and direct marketing company has received notice from the Van Straaten Family Trust of its plans to buy out minority shareholders.

Howden flags weaker earnings ahead of possible delisting

Howden Africa released a trading update ahead of a possible offer to minority shareholders and take the company private.

Calgro M3 conserves cash after tough first half

The affordable housing developer has had to adjust to new accounting rules, while extra costs piled up due to illegal land occupations.

Octodec maintains distribution in challenging economy

The REIT says it plans to consolidate its portfolio this year as it positions itself for sustainable growth.

The Week Ahead of 23 October 2018

Caution remains the watchword on global equity markets...

Scorpio: The great R497m Telkom/SAPS switcheroo

The opaque and apparently convoluted nature of a R497-million renewable contract between Telkom/BCX, 41% owned by government, and SAPS for a centralised ICT smart operating centre...

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