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06 May 2019
A series of transactions have trimmed Brait’s equity stake in the UK fashion chain to 18.5%.<
The fund says releasing some of its shares into this month’s listing will help it diversify its portfolio.
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.
Continued vacancies at its Highveld View property and challenging trading conditions have forced the real estate investment trust to lower its guidance.
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...
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.
After exercising its option to end a profit share agreement, 100% of profits now accrue to the financial services group.
03 May 2019
A consortium of private equity groups and management will pay R480 million for the most of the businesses in the Ascendis Biosciences division.
The gold producer says higher all-in sustaining costs for the year to June take Eskom price increases into account.
The group is reviewing its investment in retirement villages as it focuses on growing learner numbers at its schools.
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...
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...
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
The hotels and casinos group is selling part of its interest in Sun Dreams in Chile to minority shareholder Pacifico.
First-quarter production was affected by flooding in Australia and safety-related stoppages and smelter outages in Zambia.
The services company faced a number of challenges last year as it integrated security acquisitions, lost contracts and fell victim to fraud.
The poultry producer says feed prices are up while selling prices have fallen.
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...
The investment holding company reported strong growth in revenue from its hospitality and property investments after exiting financial services.
The property investor says it expects to complete two new developments in Cape Town within the next six months.
30 April 2019
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...
The mobile network operator has reported a strong rise in voice and data revenue for the three months to end-March.
The bulk of the fund’s portfolio is in the Western Cape, with growing exposure to the logistics sector.
The project will make MC Mining the top producer of high-grade metallurgical coal in the country.
The energy group will now enter talks to export energy from its MCCP project to other countries in the region.
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...
The investment group has sold off mature assets so it can grow its schools business and invest in residential property.
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
The commodities giant says it will cooperate with an investigation by the US Commodity Futures Trading Commission.
The supermarket group says a six-year strategy to build a leaner and fitter business is paying off.
The platinum producer expects to meet its full-year guidance, albeit at the lower end.
Naspers obtained a 40% stake in MakeMyTrip two years ago through a merger with Ibibo Group.
After a tussle with shareholders in December, the consumer and commercial electronics group will ask them to ratify its new board of directors.
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...