NEWS ARCHIVES


26 March 2018

No Moody blues for South Africa

The ratings agency has maintained its investment-grade rating for the country and has lifted its outlook to stable.

Naspers raises $9.8 billion in Tencent share sale

The Tencent stake Naspers bought for $32 million in 2001 was worth $175 billion last week.

Mixed Friday for Net1

An investigation by amaBhungane and Corruption Watch’s court action mean close to R317 million will be returned to the discus for the benefit of those for...

Choppies doesn’t know what’s in its shoppies

The Botswana-based retailer says it needs to reverify and value its inventories and its trading statement can no longer be relied upon.

No rotten tomatoes at AH-Vest

The maker of All Joy tomato sauce expects first-half profit to be 167% higher.

Analysis: The EFF vs …............. (insert next enemy’s Name/Acronym/Description)

After the ascent of Cyril Ramaphosa, several members of the commentariat suggested that this would put both the DA and the EFF in difficult positions. Some...

FLIXATION: Inside Brexit’s Bleak House; the (In)Humanity of Ricky Gervais

When avid television bingers go cold turkey on DStv and sign up for Netflix et al - and more such platforms will come our way in...




23 March 2018

Naspers trims Tencent stake

The company has pledged not to sell any more shares for at least three years due to its long-term belief in Tencent.

South Ocean hopes for radiance after shakeup

The lights and wiring group plans to sell a stake to black shareholders as it restructures for a turnaround.

Sephaku builds hopes on growth recovery

The cement producer says 2017 profit is down but it expects improving growth to support the building materials industry.

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

Old Mutual has agreed to sell its Latin American businesses to China Minsheng Investment Group International based in Singapore. The businesses include Old Mutual Colombia, a...

Corporate Finance Activity of the Week

The company announced its intention to sell up to 190 million Tencent shares to select institutions reducing its stake from 33.2% to 31.2%. The funds will...

Thorts - The likely evolution of FinTech deals in SA

While the term FinTech has become something of a buzzword in financial services circles of late, the concept is certainly not new. In fact, FinTech has...

ISS Today: Trouble in paradise as Mauritius tackles corruption scandal

The president's resignation shows that mechanisms of holding politicians to account are still working. By Simon Allison for ISS TODAY.

Zapiro: Ghosts in the Machine

Ghosts in the Machine




22 March 2018

Retailers rally on relaxed rules

The Western Cape High Court found that parts of the National Credit Act were discriminatory and fell foul of the Constitution.

Credit loss hits Sasfin’s earnings

The niche bank and asset manager has reported a sharp drop in first-half profit due to a large credit event related to a single client

Master Drilling launches new technology as it expands offshore

The drilling services specialist says its businesses should benefit from an uptick in the global economy and commodity cycle.

Rhodes in a jam over the drought and the rand

The food producer expects first-half profit to be up to 47% lower due to acquisitions costs, the strong rand and more expensive canned fruit.

Back to Gemfields for Pallinghurst as Jupiter lists

The group plans to offload its stakes in Jupiter and Sedibelo Platinum and change its name to Gemfields.

Mining Charter: New Minister, old approach?

Word coming out of weekend talks is that new Mineral Resources Minister Gwede Mantashe is intent on retaining the outline of the controversial Mining Charter championed...

SARS Wars: End of the road for Tom Moyane, one of State Capture’s most loyal foot soldiers

The suspension by President Cyril Ramaphosa of SARS Commissioner Tom Moyane on Monday night brings to an end a 42-months' long reign of terror which not...




21 March 2018

SARS Wars: ‘Rogue Unit’ prosecutor Sello Maema compromised, but NPA is keeping mum

The Priority Crimes Litigation Unit, which has been abused as a key structure within the NPA to target perceived enemies of former President Jacob Zuma and...

Promised Land: How MK vet made farming work for him

Former uMkhonto weSizwe fighter Errol April swapped his AK47 for apples. In 2013, April was given a Western Cape fruit farm to run as part of...

Evita's Free Speech: Ep.134 – Evita on killing three budgets with one kindness (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 134. By PIETER-DIRK...




20 March 2018

Listeriosis outbreak could cost Tiger Brands R800 million

In addition to the cost of closing factories and recalling products, the food producer also faces class-action lawsuits.

Hammerson soars on French interest

The shopping centre owner has urged shareholders to disregard a takeover approach by French shopping mall operator Klépierre.

Sun International gambles on a rights issue

The group hasn’t declared a dividend as it pays down debt and is also planning a rights issue to clean up its balance sheet.

Schools marked down at ADvTECH

Results from the private education group’s Schools division were held back by poor enrolments and R48.1 million in fraud uncovered in December.

EPE Capital Partners positioned for upturn

Ethos says private equity is a long game and it’s making sure its portfolio is well-positioned for any economic recovery.

Interwaste gets more cash from trash

The waste management company has declared an interim dividend due to strong cash generation last year.

The Week Ahead

Global equity markets appear to have largely shrugged off the possibility of large-scale trade wars breaking out, though nervousness and caution still prevail.

Health-e News: Imminent tax on sugary drinks is just the start – Motsoaledi

South Africa is less than two weeks away from implementing the hard-won tax on sugary drinks. Now that "we've got a foot in the door", says...




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