NEWS ARCHIVES


22 October 2018

Clover rallies on acquisition talks

The dairy and drinks group says a third party is interested in buying its entire share capital.

intu mulls 215p per share takeout offer

An investment consortium has revised an earlier indicative offer higher to an effective 210.4p per share after allowing for intu’s interim 4.6p dividend.

Steinhoff wins another reprieve

More than 85% of the retailer's creditors have agreed to give in an extra month to set its restructuring in motion.

Santova taps into India trade route

The group has bought SAI Logistics to benefit from trade between the world’s second most populous nation and the UK.

THE KHASHOGGI AFFAIR: A murder in the Orient that could throw Saudi international standing into the dustbin of history

Jamal Khashoggi's killing in Istanbul, almost certainly carried out by operatives from Saudi Arabia, inside the Saudi consulate, has naturally roiled Saudi-Turkish relations. But it has...

MOTORING: Volkswagen Polo GTI: The real McCoy

The GTI designation is one of the motoring world's most iconic badges. It promises spirited, engaging driving from an otherwise unassuming hatchback. But does the current...




19 October 2018

Resilient releases Fakie report as it engages with investors

The report compiled by former auditor general Shauket Fakie clears the REIT of wrongdoing but investors want more answers.

Datatec recovery set to continue

The ICT group says an improved performance across its divisions should carry on for the rest of the year

Calgro’s earnings decimated after tough 6 months

The developer says headline earnings per share will be virtually wiped out after one of the most difficult periods ever.

PSG Interim Results

Against an especially difficult background, PSG Konsult presented a very strong set of results for the six months to end August 2018.

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

Weekly summary of M&A activity by South African companies as well as activity from across the rest of Africa...

Corporate finance activity of the week

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

Uber and Lyft Race Toward IPOs Next Year as Banks Line Up

Uber Technologies Inc. and Lyft Inc. are solidifying plans for initial public offerings next year, when a wide pool of investors will decide what the money-losing...

REPORTER'S NOTEBOOK: Tito Mboweni comes to Parliament to talk VBS scandal and multiple failures that made it possible

Finance Minister Tito Mboweni said on Tuesday that it was 'a huge concern' that South Africa was failed by VBS Mutual Bank external auditors - a...

Thorts – SA’s SOEs – prime candidates for business rescue?

State Owned Enterprises in South Africa continue to struggle under severe financial pressure...

Bonang Mohale: Stimulus commitments are welcome, but delivery must be pulled forward

The October 2018 MTBPS is an opportune time for a concerted effort to overcome obstacles to a more inclusive growth path.

Zapiro: Saudi Diplomacy




18 October 2018

Mediclinic stock concussed by weak update

Shares in the private hospitals group sank as much as 21% after it warned of a decline in first-half earnings.

Dis-Chem to step up store roll-out

The discount pharmacy chain opened seven new stores in the six months to end-August and has opened two more since then.

Tough economy puts brakes on CMH’s earnings

The motor dealer and car rental group says it will have performed well if it can maintain growth in full-year headline earnings.

Insimbi’s earnings fall despite best quarter ever

The refractory and alloy supplies group says margins came under pressure in the first quarter and it faced rising costs.

Cashbuild buys sales in tough economy

First-quarter sales are up from a year ago due to the 27 stores it’s opened since July 2017.

ANALYSIS: As Saudi Arabia's diplomatic crisis worsens, SA remains silent - because of the Denel deal, critics claim

Saudi Arabia may pay a heavy diplomatic and financial price for the disappearance of dissident journalist Jamal Khashoggi. International criticism of the Saudi government has been...

EFF Responds: ‘Pure insanity’, ‘madness’: Floyd Shivambu dismisses VBS claims

The EFF has dismissed reports that its deputy Floyd Shivambu and the party received millions as VBS Mutual Bank was systematically looted. Julius Malema questioned why...

OP-ED: What do we want from Bain?

Watching Bain's testimony to the Nugent Commission of Inquiry into SARS in August left me angry and disappointed. I expressed this to Bain's senior leaders and...




17 October 2018

Pick n Pay lures customers with lower prices

The supermarket chain says volumes rose 3.5% in its first half as it cut prices on 2 500 everyday grocery lines.

PSG’s investments deliver “commendable” performance

The investment holding company has reported a 22% increase in recurring earnings per share and lifted its dividend by 10%.

British American Tobacco not as big in Japan

The tobacco giant has revised down the revenue it expects to generate from cigarette alternatives this year to £900 million from £1 billion.

The state of public finance: Seven in 10 government departments and entities flout the law and regulations - Auditor-General

Public finances are under scrutiny ahead of the Medium-Term Budget Policy Statement as Parliament ploughs through annual reports detailing performance and financials of the 2017/18 year....

Marius Oosthuizen: SA path to recovery still in the baby steps phase

South Africa took a few fiscal punches during Zuma's maladministration nightmare, but the truth is, we dodged a kleptocratic bullet that could have sunk us. However,...

EVITA'S FREE SPEECH: Ep. 164: Evita on Innocence and Guilt (T&Cs apply) (Video)

Evita Bezuidenhout celebrates 20 years of her Darling venue Evita se Perron with a weekly episode of 'Evita's Free Speech'. Here's the Episode 164.




16 October 2018

Nedbank to go ahead with odd-lot offer

New shareholders with less than 100 shares who want to retain their holding have to elect to do so.

Famous Brands impairs UK burger chain again

The casual dining restaurant group said it was prudent to impair the value of Gourmet Burger Kitchen due to its sustained underperformance.

Steinhoff buys more time with creditors

The retailer reassured investors that it has made substantial progress in negotiations with creditors.

Adcorp profitable after clean-up

The group said the clean-up of its operations last year enabled the new leadership team to gain an understanding of its true financial position.

Balwin’s profits rise as developments get back on track

Property developments that were delayed by slow town-planning approvals last year are currently under construction.

Saudi Arabia vows retaliation if punished over missing critic

Saudi Arabia warned Sunday it would retaliate against any sanctions imposed on the oil-rich kingdom over the disappearance of journalist Jamal Khashoggi, as the Riyadh stock...

The Week Ahead of 16 October 2018

#ChrisGilmour - After a torrid week in the headlines, Finance Minister NhlaNhla Nene did the honourable thing and tendered his resignation to President Cyril Ramaphosa...




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