NEWS ARCHIVES


24 May 2018

STAR repays Steinhoff loans

The Africa-focused retail giant raised R18 billion in new financing from local banks and will use R2 billion to fund its operations.

Reinet’s NAV falls on BAT share price dip

Reinet says it continues to take comfort from BAT’s underlying financial results, dividend flows and future prospects.

Tsogo places its chips on an economic recovery

The hotel and casino operator says its underlying operations remain highly geared towards the SA consumer and the corporate market.

Lewis gains momentum

The furniture retailer expects sales to continue improving, helped by a favourable court ruling on affordability assessment regulations.

US to impose ‘strongest sanctions in history’ on Iran

US Secretary of State Mike Pompeo on Monday warned Tehran would be hit with the "strongest sanctions in history" and cautioned European firms against continuing to...

OP-ED: Willemse vs Mallett is but a symptom - we must open rugby to millions

Beyond the walkout that played out on live TV over the weekend, it's time for some introspection about South African rugby's institutional framework that's largely set...

Lowe's (LOW); a solid stock for the Dividend Growth Investor

Lowe’s share price has fallen 20% this year This stock is worth looking at for inclusion in a long-term growth portfolio...




23 May 2018

Coronation looks for opportunities in flat market

Assets under management have declined, partly due to the structural problems of anaemic employment numbers and retrenchments in the formal sector

Resilient’s NAV rises on restated accounts

The real estate investment trust has restated its half-year numbers after taking legal advice on how to account for its education trusts.

Woolworths shakes things up down under

The retailer has streamlined its management structured in Australia and discontinued the role of regional CEO after a poor performance from David Jones.

Rhodes in a pickle over strong rand

The rand’s strength this year combined with the ongoing drought in the Western Cape and its Ma Baker acquisition have eaten into first-half earnings.

Nerina Visser from etfSA on Exchange Traded Funds (ETFs)

Stephen Gunnion spoke to Nerina Visser, a director at etfSA and one of the doyens of ETFs in South Africa. She’s an expert and a big...

Trencor hit by container impairment

The group has reported a much improved operating result but had to impair the value of its container fleets resulting in a net loss.

Verimark rings up higher sales

The direct-response retailer says it will also re-enter the international market but it will take time to achieve a return on its investment.

Daily News: ANC plans to put Constitution to the test by expropriating land without compensation

The ANC's land summit has recommended that the state begin expropriating land without compensation immediately to test the limits of Section 25 of the Constitution. The...

To get the economy under way, first we'll have to break up Transnet

If it wants to grow, South Africa has to mine more minerals, grow more agricultural produce, manufacture products and export them as cheaply and efficiently as...




22 May 2018

Pioneer bounces back after the drought

The branded food producer has reported a strong rise in first-half earnings as an unfavourable maize position worked itself out of the system.

Barloworld buoyed by Caterpillar demand

Strong commodity prices have resulted in more demand for Caterpillar equipment in the global mining aftermarket.

Dipula beds down R8.5 billion portfolio

The real estate investment trust plans to integrate recent acquisitions and extract maximum value from its existing portfolio.

The Week Ahead of 22 May 2018

#ChrisGilmour: The trade talks between the US and China ended on Sat 19 May. Initial reactions were mildly positive but not enough detail was available to...

SA POST OFFICE LIQUIDITY: Tardy payment frustrates SA Post Office suppliers

Suppliers are at the receiving end of the SA Post Office's lingering problems.

ANALYSIS: Land Issue - Ramaphosa takes charge

Over the weekend the ANC held perhaps the most important and constructive discussion over the land question in the country's history. The debate was just a...

Evitas free speech: Ep.143 - Kaktus Files #6: A Royal Intermission (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 143.




21 May 2018

ATON may scupper Murray’s Aveng takeover

Murray’s biggest investor won't back a planned merger with Aveng, saying management is putting its interests ahead of other stakeholders.

Steinhoff goes cap in hand to creditors

The group says it needs to sort out its liquidity situation urgently and that its retail operations remain profitable at an operating level.

Richemont’s profit constrained as it buys back watches

The luxury goods group says its approach to the grey market remains uncompromising as it moves to protect its brands.

Liberty working on persistency

The life assurer says its focused on restoring its retail business and improving STANLIB’s investment performance.

Germany orders Porsche recall over diesel emissions cheating

German authorities said Friday they had ordered 19,000 Porsche SUVs recalled over emissions cheating, saying a total of 60,000 manipulated vehicles had been identified worldwide.

MOTORING: Nissan 370Z Coupé: Old-school - and all the better for it

It might not be the fanciest, the sleekest or the most advanced. But as sports cars go, the Nissan 370Z still delivers the right stuff. And...

COMMA CHAMELEON: Behind most good books, there's a Merlin you'll never meet

What's as shy as a leopard, sharp as a scalpel and helps wag the tale? A fine editor, of course.




18 May 2018

Investec’s Steinhoff losses lower than expected

Credit exposures represent a small portion of the bank’s balance sheet and it doesn’t expect to suffer any losses on these exposures.

Famous Brands chokes on Gourmet Burger

The restaurant group will account for impairments and provisions of R4.6 million against its investment in the upmarket UK burger chain.

Tongaat bitter over unprotected sugar imports

The sugar producer says import duties weren’t applied property by the authorities, forcing it to export excess production.

Impairments aside, Stefanutti’s earnings jump

Headline earnings at the construction group were higher last year but massive impairments massacred operating profit.

Sport in an INCEtant! 18 May 2018

My stand out moment of last week has to be American, Brooks Koepka’s double-eagle (Albatross), on the par 5 16th at Sawgrass. A feat that is...

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

Curro has acquired its first learning support centre, Dot’s Learning Centre, which offers small group classes for learners who do not cope with the mainstream schooling...

Corporate finance activity of the week

Hosken Consolidated Investments has amended the terms of the stake in TSX-listed Platinum Group Metals acquired via a private placement of shares...

Tom Wolfe, author of ‘The Right Stuff’, dies at 88

EU launches economic plan to save Iran nuclear deal

Thorts - How Loud is a shareholder's voice?

Not only it is important for shareholders to be aware of their rights at general meetings, but it is incumbent upon the chairperson to ensure shareholders...




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