NEWS ARCHIVES


13 December 2018

Battle over as Astoria plans pay out

RECM has agreed to call off its voluntary offer to minorities in light of Astoria Investments’ proposed capital pay-out.

BAT maintains full-year guidance

The tobacco giant says it’s been growing its share of a declining market for cigarettes and selling more tobacco replacement products.

Mediclinic on track in Middle East

The private hospitals group says it expects revenue growth in the high single digits for the year to end-March.

Amplats wraps up BRPM sale

The platinum producer sold its 33% interest in the joint venture to Royal Bafokeng platinum as it simplifies its portfolio.

Musk Wants to Open Tesla Store in His South African Homeland

It's been almost 30 years since Elon Musk left South Africa to start a new life in North America. Now, the billionaire may be about to...

FACT CHECK: Are Richard's Bay coal exports the cause of SA's current power crisis?

A message circulating like wildfire on social media claims that Chinese ships are currently waiting to be loaded with millions of tons of coal in Richard's...

Zapiro: 70th Anniversary




12 December 2018

Anglo beats output target while cutting costs

The diversified mining group expects to beat its 2018 output target by 2%, with further improvements over the next three years.

EOH divided after CEO’s first 100-days

Stephen Van Coller says the move will help support its businesses as they need a different focus, capital structure and management.

Famous Brands makes headway with GBK arrangement

The quick-service restaurant group believes that the CVA will help with the long-term viability and sustainability of Gourmet Burger Kitchen.

New broom at Alexander Forbes sweeps clean

The financial services group is undertaking a strategic review with the aim to ensure its relevance in South Africa.

Group Five sucks it up at Kpone

The construction and engineering group says guarantee providers were obliged to pay $43.8 million over to Ghana’s Cenpower to complete the power plant.

ANC strengthens support, but remains under 60% – SAIRR poll

A new South African Institute of Race Relations (SAIRR) poll shows the governing ANC's support has increased ahead of the 2019 general elections, while the country's...

OP-ED: Alex Boraine, a prince of peace

A major legacy of Alex Boraine's life is the pushback it provides in effectively repelling a view too fashionable in some circles. It is about the...




11 December 2018

MTN slides as talks drag on

The mobile network operator has yet to reach common ground with Nigeria’s central bank and Attorney General over allegations of impropriety

Kumba shipments back on track

The iron ore producer says its Iron Ore Export Channel was reopened quicker than expected following a derailment.

Jubilee deal doubles its capacity

The metals recovery company says buying PlatCro’s chrome extraction business will give it a strategic position in the PGM and chrome-rich bushveld complex.

Greenbay makes way for Lighthouse

The property investor, which has been renamed Lighthouse Capital, is selling its listed property portfolio as it identifies redevelopment opportunities to invest in.

Brij Maharaj: A sardonic sneak preview of 2019

As the old year ends, and the new beckons, prognostic diagnosis about the future is inevitable as well as candid reflections about the past, and smart-alec...

Evita's free speech: Ep. 172: Evita dreams of a Black’t-out Xmas (Video)

ANC cadre Evita Bezuidenhout tries to expose fake news and highlight alternative facts with a weekly episode of EVITA'S FREE SPEECH.




10 December 2018

FSCA probes NEPI Rockcastle reporting

The Financial Sector Conduct Authority is taking a closer look at rumours trending on social media ahead of the release of Viceroy’s report.

DAWN defends offer as losses build

With cash flow under pressure the group says a listing is no longer suitable and the associated costs outweighed any benefits.

PBT Group reinvents itself

The IT services group plans to position itself as a leading data and analytics company in SA and potentially also in Europe.

PARLIAMENT: Scopa demands answers on Steinhoff, VBS and PIC's other troubled investments

The Public Investment Corporation (PIC) is rid of two executives and has moved to debar them for having failed to inform it of the looting at...

Labour: National minimum wage on the way, a major step in tackling inequality

On Friday President Cyril Ramaphosa announced the national minimum wage would kick in from 1 January. It's a huge victory for workers but only a first...

MOTORING: Renault Mégane RS: Best of the breed?

In the battle of the hot hatches, the latest Renault Mégane RS might not be the fastest, nor the most powerful. But in all-round terms, it...




07 December 2018

One year on, Steinhoff delays explanation

Shares in the beleaguered retailer tumbled after it shifted the release of a forensic report into financial irregularities until next year.

Kpone continues to haunt Group Five

The owners of the power project in Ghana want the construction and infrastructure to pay another $60.5 million to complete the works on the terminated contract.

EPP on track with full-year payout

The Polish property investor says it expects to deliver on its distribution guidance as it builds its retail portfolio.

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

Weekly summary of M&A activity by South African companies

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

Weekly summary of all M&A activity from across Africa (excluding South Africa)

Zapiro: Recycled

Corporate Finance activity of the week

Weekly summary of corporate finance activity by South African exchange listed companies

Thorts - The role of Socio-Economic Development funds in deal-making

A potential transaction should evaluate whether the transaction makes commercial and create shareholder value but should also take into account any public interest considerations




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