NEWS ARCHIVES


01 August 2018

End of an era as Venter bows out

The former Altron CEO and chairman is retiring as a non-executive director at the end of the month 53 years after founding the business.

Gold Fields winds up Asanko deal

CEO Nick Holland says the deal bolsters Gold Fields' presence in Ghana, adding a “great camp with long-life, low-cost production”.

Howden Africa looks for opportunities offshore

The air and gas-handling equipment supplier doesn’t expect any improvement in capital project spend in South Africa in the short term.

Trade Talks: Trump goes domestic while world traders go global - and ignores history

It is time to get serious about what works and what doesn't in international economic relations - and to understand what works, and what does not....

Newsflash: Vodacom coughs up over R1-million for violation of O’Sullivan’s privacy

Vodacom has coughed up R1.2-million in an out-of-court settlement for handing over forensic investigator Paul O'Sullivan personal information to jailed former underworld boss Radovan Krejcir's legal...

Zipho Majova: From degree to internship to unemployment - the life of a black graduate

Black graduates are faced with the bitter choice of either working for free, for the bare minimum, or not working at all.




31 July 2018

Massmart’s sales turn the corner

The mass retailer and wholesaler still expects earnings for the half year to end June to be down on last year.

Spur people recover their taste for life

The restaurant group says a shift in its promotional strategy has improved margins at its Spur restaurants, at the expense of short-term sales.

Hulamin takes stock of Trump's tariffs

The aluminium products producer says new US tariffs have been net positive for the pricing of its general rolled products.

Imperial juggles roles after CEO takes medical leave

The industrial group remains on track to unbundle its automotive division Motus by the end of the year.

Ellies back from the brink

The consumer and commercial electronics group says its 2018 results present a solid base from which to grow.

Zimbabwe Elections: Mugabe supports MDC - sort of - as propped up ex-dictator elbows his way into historic polling day

On the eve of Zimbabwe's first elections without him, former president Robert Mugabe sprung a surprise press conference declaring he'd not vote Zanu-PF. On the other...

Sport in an INCEtant - 31 July 2018

Sunday afternoon saw the World’s best drivers do battle at the Hungarian Grand Prix. Mercedes Benz driver, Lewis Hamilton, qualified on pole position...




30 July 2018

BHP shareholders to reap dividend on US sale

The net returns of the sale of the group’s onshore US shale assets are expected to be returned to shareholders.

Lonmin's cash improves ahead of takeover

A rise in third-quarter sales and a higher price for PGMs left the platinum producer with more cash on its balance sheet.

Adcorp falls on NUMSA's court victory

The ruling questions the role of labour brokers once the workers they have placed become permanent employees.

Ellies bounces on improved earnings forecast

The electronics group has revised an earlier update as it returns to profitability.

Facebook shares sink on perfect storm of bad news

It has turned into a brutal reality check for Facebook.

BRICS SUMMIT: Leaders back off strong condemnation of rising protectionism

Indian Prime Minister Narendra Modi ensures the language is toned down.

ANALYSIS: Ramaphosa rakes in the big investments - but SA's political economy and public finances are in deep trouble

There are big numbers, and there are small numbers. And then there's context, although with the 2019 elections steadily approaching, politicians may well just do a...




27 July 2018

BAT smoking after Reynolds deal

Reynolds contributed approximately 40% to the tobacco giant’s revenue and profit from operations, partially offset by a forex headwind.

AB InBev suffers US hangover

A fall in US volumes resulted in the global brewer missing sales forecasts, while SA volumes were also down.

intu sags as property revaluation obliterates earnings

The shopping centre owner says CEO David Fischel will step down once his successor has been found despite Hammerson deal not progressing.

Ecobank recovery lifts Nedbank

Although the group’s managed operations have performed in line with expectations, its earnings will get a kicker from Ecobank’s turnaround.

BRICS Forum: SA plans to sue US over import tariffs on cars

Trade and Industry Minister Rob Davies says import tariffs breach South Africa's African Growth and Opportunity Act rights.

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

Naspers’ online payment subsidiary PayU, has acquired Israeli financial technology platform Zooz for an undisclosed sum. Zooz connects merchants to multiple banks to accept a variety...

Corporate finance activity of the week

The company’s two long-standing passive offshore shareholders intend to offer their ‘N’ ordinary shares through a bookbuild placement. ..

Zapiro: Self-correction Election




26 July 2018

Vukile says ¡Hola to Madrid bourse

Subsidiary Castellana Properties listed on the junior market of Spain’s stock exchange by way of introduction.

AECI gets boost from acquisitions

The purchase of German’s Schirm and local tar maker Much Asphalt had a 10% positive effect on headline earnings.

AVI grows earnings in a tough year

The group has impaired its Green Cross business by a further R108 million but says operational changes made during the year should help.

Hulamin tumbles on profit warning

The group as been negatively affected by the rand’s strength at the beginning of the year, as well as metal price lag.

No trash in Interwaste’s earnings

The waste management company expects first-half HEPS to be as much as 45% up on a year ago.

BRICS SUMMIT: SA to lead by example as it welcomes a world of leaders, not all of them democratic

The South African government will not be playing Big Brother by teaching democracy to any 'undemocratic' leaders who visit the country this week for the BRICS...

Microsoft (MSFT) time to take profits?

Microsoft has had stunning performance since 2013. Is the stock now overpriced and is it a good time to take profits if you own the stock?

Google parent Alphabet lifted by better-than-expected earnings

Google parent Alphabet shares lifted Monday on a stronger-than-expected earnings report for the past quarter, as the tech giant's results eased concerns over huge fines imposed...




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