NEWS ARCHIVES


14 June 2018

Tencent sale boosts profit at Naspers

The media and internet group expects full-year EPS to be as much as 390% higher, while HEPS will be up by 70% to 75%.

Glencore settles with Gécamines in DRC dispute

Glencore and state-owned Gécamines have sorted out their differences over a massive capital shortfall at their DRC joint venture.

Aveng slumps on rights issue debut

The construction group’s shares started trading ex-entitlement to its R500m, 10c per share rights issue yesterday.

Peregrine sells securities business to Legae

The financial services group says the higher capital requirement of its securities businesses are out of kilter with its other divisions.

Sea Harvest reels in Viking deal

The company has led a consortium of black investors that will buy Viking Fishing in a deal valued at R885 million.

A look back at Share Picks USA recent performance

How have the shares performed that have recently been discussed on Share Picks USA.

Tesla cutting 9% of staff; layoffs not to affect Model 3 production

Electric carmaker Tesla Motors announced Tuesday it was cutting nine percent of its workforce to enhance profitability but said the move would not affect an ambitious...




13 June 2018

Zac Elkin: A fork in the road is coming for South African school rugby

If we continue on the current path in school rugby, many schools with proud rugby histories will very soon come to a fork in the road...

Currency headwinds blow smoke on BAT

The cigarette maker claims to be outpacing the industry growth but the stronger dollar is weighing on profit growth.

Sun International loses Chile licence

Competing bidder for the licence submitted a higher economic offer which wouldn’t have delivered acceptable returns.

Barloworld bids adios to Iberia

The group has sold its Iberian Caterpillar earth-moving equipment business to Italian group Tesa for an initial payment of €142 million.

Bulked up Stor-age boosts payout

The self-storage REIT says it has the capacity to make more acquisitions in SA and the UK.

Grand Parade rallies on FD appointment

Shares in the casino and fast food group jumped as much as 11% after it said it had appointed Colin Priem as its new FD.




12 June 2018

Vodacom unveils new R17.5bn BEE deal

YeboYethu shareholders will receive a R3 billion special dividend, equal to R67.28 per share.

Profit down as Alex Forbes delivers on costs

The financial services group says it’s met its 2020 savings target two years ahead of schedule.

Novus says its results will be less bad

The print and packaging group has closed a plant and decommissioned printing presses after Media24 renegotiated its printing agreement.

Ellies continues its comeback

The electronics group will report a full-year profit after a turbulent few years of losses.

The Week Ahead of 12 June 2018

#ChrisGilmour - May was described by a Twitterati as looking like a deranged automaton, a reject from Westworld in expensive shoes.

Analysis: KZN and North West, ANC's ticking clockwork oranges

On Friday the ANC's provincial conference in KwaZulu-Natal was stopped from going ahead by a court order. There are very few solid predictions that can be...

Blitzboks seal World Series title with win at Paris Sevens

The Blitzboks won the Paris Sevens by beating England 24-14 and retained the World Rugby Sevens Series crown on Sunday.




11 June 2018

Rand caught in emerging-market contagion

The unit traded at its weakest in six months on Friday as investors dumped emerging-market assets for US dollars and treasuries

Bid for Murray turns acrimonious

ATON maintains that merging M&R with Aveng would benefit Aveng’s bondholders at the expense of Murray’s shareholders.

GROUNDUP: Post Office to pay all social grants, including cash

MPs call for government to investigate CPS dealings.

OP-ED: VAT zero-rating may be a dead end

The bottom line is that there is no entirely satisfactory way to protect the poor from the VAT increase. And that draws attention to a larger...

MOTORING: New Suzuki Swift: More of the same - just better

Small car specialist Suzuki has replaced its most successful seller, the Swift, with an all-new model. Rather than trying to fix something that isn't broken, the...




08 June 2018

Steinhoff gets lifeline from creditors

The support from the majority of the group’s creditors will stave off insolvency proceedings against the beleaguered furniture retailer.

Bidvest says it’s yet to benefit from Ramaphoria

The industrial group says its local operations have delivered a solid performance for the 10 months to end-April despite weak economic activity

Stenprop tweaks distributions as it prepares for London Listing

The property group is changing its distribution policy in line with its new UK REIT status as it prepares to list on the LSE.

Sport in an INCEtant! 8 June 2018

Despite the completely lack lustre performance last week, I will again pinpoint the Springbok's clash against England on Saturday to be a sporting spectacle worth watching...

RIGHT OF REPLY: Hogan Lovells: The professional role of lawyers is sometimes misunderstood or misconstrued

Over the past several months, Daily Maverick has published a series of articles questioning our actions, our motives and ongoing engagement with SARS. In this right...

Judith February: We have more important matters to deal with than renaming airports

Naming and renaming can be controversial and bring out the ugliest impulses in a society, as we know only too well here in South Africa.

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

Stadio is to acquire vacant land located in Durbanville for an undisclosed sum as part of its plans to roll out a new campus. The acquisition...

Corporate finance activity of the week

Aveng has announced that its Rights Offer will comprise an offer of approximately 5 billion new ordinary shares at a subscription price of R0.10 per share...

Facebook says Chinese phone makers got access to data

Facebook on Tuesday confirmed that a Chinese phone maker deemed a national security threat by the US was among companies given access to data on users.

Thorts - The Sanlam group's investment in Saham Finances

The transaction will also enable the Sanlam group to present a truly pan-African business offering to its clients.




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