NEWS ARCHIVES


28 June 2018

Steinhoff asks for more breathing room

If creditors don’t extend their debt standstill arrangement beyond Saturday its European business faces reorganisations procedures in Austria.

Shoprite sinks on Wiese share sale

The business tycoon sold a 2.9% stake in the retailer as part of a delta hedge to protect him from share-price movements.

EOH strategy update stems share slide

The IT services group is preparing to appoint a new CEO of its holding company as it separates into two operating units.

Ansys reports lower profit as it prepares for growth

The digital technology solutions provider has restructured its operations to take advantage of the digital revolution and the Internet of Things.

Equities down but not out

Fund managers say market pullbacks and volatility create opportunities for investors although downside risks have increased...

Brexit bill becomes law, allowing UK to leave the EU

A bill enacting Britain's decision to leave the European Union has become law after months of debate, the House of Commons speaker announced Tuesday, to cheers...

The World Cup Day That Was: #Russia2018: Drama deluxe in Group B as first teams into the knockouts

Catch your breath. And tomorrow we go again.




27 June 2018

The end of the road for Old Mutual PLC

The company has come full circle since its demutualisation and international expansion drive almost two decades ago.

Omnia benefits from Mugabe’s departure

The group’s agriculture businesses were the stand-out performers last year as Zimbabwe, Australia and Brazil all delivered.

Wescoal doubles volumes after Keaton deal

The coal miner says its operations are now close to its near-term target of 8 million tonnes a year run of mine.

Long4Life targets lower LSM market with Rage

The investment group is paying close to R4 billion for the fashion and footwear chain.

amabhungane: What global software giant SAP really knew about the Guptas

Newly leaked documents show that SAP knew it was dealing with the Guptas more than a year before the #GuptaLeaks allegations emerged. Despite acknowledging that its...

Emile Ormond: Success of Ramaphosa's investment drive is out of his hands

Observers should not expect the country's improved image and political risk environment to translate to higher investment rates any time soon.

Mark Heywood: 'No Funds Available': Can South Africa afford its Constitution?

The Constitution of the Republic of SA, as it is officially known, is a justifiably celebrated and much cited document. Nearly 22 years after it was...




26 June 2018

Quilter soars on market debut

The wealth management business started trading yesterday ahead of Old Mutual Ltd’s listing today.

Kumba derailed by stronger rand, lower prices

The iron ore producer says earnings have also been affected by a high number of derailments on the Sishen-Saldanha railway line.

Ascendis to sell businesses following review

The healthcare group has ruled out any form of capital raise as it reviews its capital structure.

The Week Ahead of 26 June 2018

The utility only expects all of its available capacity to be online by Wed 27 Jun, provided of course that no further instances of industrial action-related...

MNANGAGWA ASSASSINATION ATTEMPT DRAMA: Fears for credibility of July elections as Zimbabwe President escapes bid on his life

Zimbabwe's President Emmerson Mnangagwa says an assassination attempt which he survived on Saturday during a rally in Bulawayo was not engineered by locals in the country's...

EVITA'S FREE SPEECH: Ep. 148 - KAKTUS FILES #11: War and Pieces (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 148.




25 June 2018

Naspers accelerates expansion after Tencent stake sale

The internet and media giant plans to reinvest the proceeds from the Tencent stake sale into growing its e-commerce empire.

Steinhoff close to Kika/Leiner sale

The embattled retailer will get up to €490 million for the property assets but next to nothing for the operating businesses of the Austrian retailer.

AngloGold and GoldFields get Ghana go-ahead

AngloGold Ashanti will proceed with the redevelopment of Obuasi while Gold Fields will boost its Ghanaian portfolio with a stake in Asanko

Land Issue: SA gears up for public hearings on land - but logistical challenges are immense

From today, Parliament will embark on six weeks' worth of public hearings around South Africa. The topic: land expropriation without compensation. The aim: to make all...

Immigrants, artists and crying children

Some time ago, I met an Uber driver in Cape Town, an immigrant and refugee from another African country, riven by war. He wanted nothing for...




22 June 2018

Health stocks dip on NHI bill

The bill is aimed at narrowing the gap between the 10% of the population that can afford private healthcare and those who can’t.

Imperial to go ahead with Motus unbundling

If you’re an Imperial shareholder you’ll get shares in the unbundled automotive division when it lists later this year, giving you more choice.

Ansys warns of lower profit

The digital technology solutions provider has been shifting direction, which it expects to affect short-term earnings.

Esor’s pipeline project drains profits

The construction group expects to report a bigger full-year loss due to the Northern and Western Aqueduct pipeline projects.

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

The company will unbundle Motus, its automotive arm, and Imperial Logistics which entails transport, warehousing and distribution management.

Corporate finance activity of the week

An Imperial circular and Motus pre-listing statement will be circulated to shareholders at the end of September...

#Russia2018: World Cup results: Suarez seals Egypt’s fate as Uruguay beat Saudi Arabia

Uruguay's narrow win over Saudi Arabia means it's the end of the road for them and Egypt in Group A.

Thorts - Is price stabilisation market manipulation?

One such form of price manipulation is price stabilisation, affected through an over-allotment of securities on an initial public offering (IPO), used with or without a...




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