17 September 2018

Investec surges on unbundling plan

Incoming Investec CEO Hendrik du Toit has finally got his way and will continue to head asset management once it lists.

Aspen slumps to 2013 low

Private client fund manager Vestact says the sell-off was probably the work of adventurous short sellers.

Pan African warns of lower earnings

The gold producer has restructured its operations to focus on low-cost, long-life assets.

Rolfes takes restructuring pain

The speciality chemicals group says it spent the last year addressing strategic legal issues in order to position itself for growth.

Dirk De Vos: Time to dump the red-tape Acts that govern public finances

The national and provincial finance managements Acts appear to tie government and public servants that want to comply with the rules in endless red tape but,...

SpaceX announces new plan to send tourist around Moon

SpaceX on Thursday announced a new plan to launch a tourist around the Moon using its Big Falcon Rocket (BFR), a massive launch vehicle that is...

MOTORING: Mercedes-Benz S450 L: Swanky - but tech-savvy, too

The Mercedes-Benz S-Class has always been the epitome of mainstream motoring luxury. Not in the league of bespoke brands such as Rolls-Royce and Bentley, but still...

14 September 2018

Aspen slumps after results, Nutritionals sale

Aspen will deploy some of the proceeds it receives for its Global Nutritionals Business to pay down debt.

Implats restructuring takes shape

The group says it’s imperative to eliminate loss-making production as it aligns its operations with a weak platinum price.

ARC rises on maiden results

The investment vehicle’s portfolio rose to R8.2 billion last year despite marking down the value of its holding in IT services group EOH.

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

Aspen Pharmacare has announced the disposal of its Global Nutritionals Business carried on in Latin America, sub-Saharan Africa and Asia Pacific, to French dairy group Lactalis...

Corporate finance activity of the week

Following the repurchase by Sasol of the Sasol Inzalo preferred ordinary shares, the outstanding debt of R7,43 billion has been repaid and a cash surplus of...

Apple unveils new premium iPhone XS, health features for watch

Apple unveiled three new iPhones on Wednesday in a bid to maintain its position in the premium smartphone segment, along with new   features for its smartwatch...

Nazi looted Renoir returned to owner’s granddaughter

A Renoir painting stolen by the Nazis from a Paris bank vault was returned to its rightful owner Wednesday after a more than 70-year odyssey from...

Thorts - Section 12J – Overview, developments and obstacles

The venture capital incentive in terms of section 12J of the Income Tax Act, No. 58 of 1962 (the Act), is a mechanism attempting to accelerate...

13 September 2018

Raubex rightsizes as roads go to pot

The roadbuilding and construction group says spending on road infrastructure has dwindled while provincial government contracts have been delayed.

Clover impairs DFSA loan after strong year

The group said it wasn’t aware of the impending resignation when it prepared its annual accounts but decided to be prudent.

Quantum expects bumper lay

The poultry producer has benefited from high levels of profitability in its egg business and an insurance payout.

York flags lower earnings on timber valuation

A lower increase in the valuation of its biological asset is likely to result in a big drop in full-year earnings.

State of police: Crime stats from Hell - brought to you by years of instability, political pliancy and the SAPS's internecine battles

With an official murder rate of 57 South Africans killed every day - and murder is a yardstick for crime generally - Police Minister Bheki Cele...

Mmusi Maimane: Seven Steps to defeating this recession

We cannot afford to let this recession persist. We must take these seven bold steps now to get South Africa growing again. Here are seven interventions...

Zapiro: All Behind Us

12 September 2018

Aspen may cash in on baby formula

Bloomberg reported it’s been in talks with France’s Lactalis to sell its global infant nutritionals business for about $1 billion.

ADvTECH takes on Monash

The acquisition signals the departure of Australia's Monash University from South Africa.

Attacq revises payouts due to tough economy

The real estate investment trust said the weak economy had affected the sale of non-core assets and the rollout of development activity.

Defensive Trellidor weathers the slowdown

The security gate and shutter specialist says its Trellidor business remained defensive last year while blind sales came under pressure.

No dividend as Torre prepares to delist

The industrial group plans to increase black ownership above 51% and says it will be easier to achieve its target in an unlisted environment.

Tesla shares bounce as Musk risk seen as overblown

Tesla shares bounced Monday following an upbeat analyst note that suggested worries about chief executive Elon Musk and his various controversies were exaggerated. 

ANALYSIS: The day Ace become a political Joker

On Sunday morning Qaanitah Hunter and Jeff Wicks published apparent proof in the Sunday Times that there is a plan involving former President Jacob Zuma, and...

11 September 2018

MTN seeks restraining order in Nigeria

The group has asked the Federal High Court for injunctive relief restraining the Attorney General and central bank from proceeding with any action.

Richemont brings back CEO as sales rise

The luxury goods group has appointed chief operating officer Jérôme Lambert as CEO to ease its entry into the digital age.

AVI pays special dividend despite tough year

The fast-moving consumer goods group is paying an additional 250c per share after raising its full-year dividend by 7.4%.

Afrox lifts dividend as gas sales sizzle

The industrial and healthcare gases group says it’s trying to mitigate negative market trends affecting its hard goods business.

The Week Ahead of 11 September 2018

#ChrisGilmour - MTN shares plummeted last week on the news that it faced fines totaling $10bn for spurious allegations from the Central Bank of Nigeria (CBN)...

Sport in an INCEtant - 11 September 2018

The conclusion of the Us Open on Sunday night wrapped up a fiery week of sporting action, which was marred by the controversial Women’s Final and...

Evita's free Speeach: Ep. 159: Evita teaches Theresa new steps (Video)

Evita Bezuidenhout celebrates 20 years of her Darling venue Evita se Perron with a weekly episode of 'Evita's Free Speech'. Here's the Episode 159.

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