NEWS ARCHIVES


27 February 2018

Oil recovery fuels Sasol

The oil and chemicals group says if oil prices can be sustained at close to $70 a barrel, it augurs well for its second half.

Shoprite “beats the odds” on low prices

The retailer said its internal inflation dropped seven percentage points to 0.4%, with price decreases for thousands of products.

Bidvest poised for the economic recovery

The industrial services group says most of its divisions are ideally positioned to take advantage of a revival in economic growth and investment.

The Week Ahead

The global economic growth outlook still appears to be intact, with inflation only making a moderate reappearance. #ChrisGilmour

Chicken shake-up boosts RCL

Once-off factors and a turnaround at its Chicken business have boosted RCL’s interim profit by more than half.

Rand hampers Hulamin as demand improves

The aluminium supplier and exporter is also keeping a close watch on proposed new US trade regulation which could affect its exports.

Health-E News: What's for breakfast, Jozi?

Over half the population has unhealthy levels of body fat. At Johannesburg's three busiest taxi ranks, energy drinks, chips, pap and meat are the most popular...




26 February 2018

Resilient companies unravelling

The market has failed to give Resilient the benefit of the doubt in a move that’s likely to force it out the JSE Top 40 Index.

Truworths expects VAT hike to add pressure

The clothing and homeware retailer says consumers are likely to remain under pressure and VAT of 15% will exacerbate the situation.

Northam’s loss widens as it commissions new smelter

The platinum producer has reported lower volumes and sales revenue for the six months to end December.

Distell toasts giddy gin sales

Wine sales are also up and its invested R22 million in water initiatives to mitigate against further supply risk.

Budget 2018: Ratings agency still gloomy amid talk of renewal

If you ever need somebody to ruin a party, consider inviting a dude from a ratings agency. At a Daily Maverick post-Budget event in Cape Town...

Op-Ed: Promise of a new dawn, lost in the 2018 Budget speech

In the coming days, SECTION27 will be engaging with civil society organisations on how best to challenge the regressive proposals in the Budget. By DANIEL MCLAREN.

Marelise van der Merwe: The Other News Round-Up: In Fraud We Trust

Each week, Daily Maverick brings you some of the world's more peculiar news. This week: when both Grace Mugabe and your cat can get a PhD.




23 February 2018

Anglo hikes dividend as restructuring pays off

The refocused mining group grew production 5% last year, while earnings doubled.

Sibanye-Stillwater sags on disappearing dividend

The precious metals producer says it guided the market to expect a share capitalisation in lieu of a dividend payout

Budget 2018: Not enough money to go around, and especially not for nuclear

Amid the 2018/19 Budget talk of tough decisions, tax increases and government spending cuts to put the rands and cents to government priorities for the year,...

Woolies to fix fashion faux pas

Poor womenswear sales weighed on earnings, while its impairment of David Jones in Australia resulted in a loss.

Massmart hopes political change will inspire shoppers

After a tough first half, the retailer says three of its four divisions recorded better second-half sales.

Zuma and Ramaphosa: the truth beneath the Cheshire Cat grins

Not even a week since former president Jacob Zuma's grudging resignation speech, President Cyril Ramaphosa threw him a warm farewell party on Tuesday night in the...

DealMakers M&A Awards

During 2017, companies with primary listings on one of South Africa’s exchanges executed R329bn worth of deals from 454 deals (excluding failed deals of which there...

Corporate finance activity of the week

Following the implementation of the GABS acquisition, a subsidiary of Niveus, La Concorde, intends to unbundle 110,000 Niveus Invest 17 shares, representing 38% of Newco, to...

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

Hyprop Investments has, through its UK joint venture Hystead in which it has a 60% stake, entered into an agreement to acquire a 90% interest in...

Thorts - Digital Disruption

When we recently interviewed top European M&A executives about their experience, fully three-quarters of them said that digital disruption has had a relatively large impact or...




22 February 2018

Tighten your belts, the budget's in

National Treasury has outlined a R1.67 trillion budget which it will help fund with a higher VAT rate.

Bidcorp held back by Australia investment

The foodservices group believes the challenges of infrastructural investment in Australia and dairy pricing volatility will favourably resolve themselves in the short term.

Glencore gears up for electric cars production

The company says it’s benefited from a big recovery in commodity prices and is positioning itself to be a supplier for electric vehicle production.

JSE cuts costs as trading volumes decline

The stock exchange operator has increased its dividend despite lower earnings due to a fall in operating revenue.

OTC sales drive Adcock Ingram’s gains

The pharmaceuticals group says it's grown sales of its cold, flu and fever brands ahead of the market.

Tiger’s revenue falls on deflation and lower volumes

The group says the stronger rand and lower raw material costs mean gross profit will still be higher.

Mining Charter: Ramaphosa to the rescue – but community voices still ignored

President Cyril Ramaphosa's personal intervention in the current impasse around the controversial Mining Charter has been greeted with relief and optimism by industry players. One of...




21 February 2018

Discovery firing on all cylinders ahead of bank launch

The financial services group says its bank should launch this year following live testing.

AngloGold lifts production despite SA restructuring

The gold producer is selling its Moab Khotsong and Kopanang mines, while TauTona is undergoing an orderly closure process.

NEPI Rockcastle down but not out

The emerging Europe-focused property group is expected to remain in the JSE’s Top 40 after the next quarterly index review.

Imperial still mulling separate listings

The logistics and motor vehicle group says listing its units separately will give investors more choice.

Steinhoff loses case brought by ex business partner

The Amsterdam Enterprise Chamber says Steinhoff must amend its 2016 accounts to reflect its 50% controlling interest in POCO instead of 100%.

Black Panther: Shining a light onto Africans’ self-belief and aspirations

Black Panther shines a bright light to a continent finding its way in the dark. By NKATEKO MABASA.

Scorpio: Gupta Inc – crushed and on the run

By their own admission, the wage bill across the various Gupta companies stood at more than R160-million in late 2017. With big brother Ajay Gupta now...




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