04 July 2018

Capitec declines on reports of fee probe

The SARB is reported to have asked the credit Regulator to take a closer look at the fees on the bank’s discontinued multi-loan product.

Glencore falls on US subpoena

The US Justice Department wants access to documents related to its business in Nigeria, the DRC and Venezuela dating back to 2007.

ARB gets Radiant from South Ocean

The lighting business would fit with ARB’s Eurolux subsidiary but the deal needs Competition Commission approval.

SARS inquiry: In a withering ruling, Judge Nugent refuses all Moyane’s demands

Retired Judge Robert Nugent summarised the contents of the document handed in by suspended SARS Commissioner Tom Moyane's counsel Dali Mpofu, as a "disgrace".

#Russia2018: Liberté, égalité, fraternité: France's World Cup team is the antithesis of right-wing populism

Like their 1998 counterparts, the French squad at the 2018 World Cup is representation of a diverse society. Their unity might not reflect reality across the...

EVITA'S FREE SPEECH: Ep. 149 - KAKTUS FILES #12: 1948 And All That (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 149.

03 July 2018

Seismic events hurt Sibyane-Stillwater's production

The gold and platinum miner has revised its SA gold production 6% lower due to a number of safety-related incidents at its mines.

Rights offer still on the table as Group Five rationalises

The construction and engineering group has been cutting costs and rationalising its operations as it focuses on improving its capital position.

Mob attacks Pallinghurst’s Ethiopian operations

The precious stones miner believes the perpetrators may have been spurred on by a faction seeking a portion of the mine’s licence.

Gold Brands restructures as losses continue

The casual dining chain has taken steps to improve its financial position and may sell one of its subsidiaries.

Tiso Blackstar offloads steel business

The media and printing group has sold non-core Consolidated Steel Industries to Macsteel Service Centres.

The Week Ahead of 3 July 2018

The JSE and other emerging markets fell sharply on Mon Jun 25 amid mounting concerns surround the scale of possible trade wars.

02 July 2018

Steinhoff reports €599 loss as it battles to stay afloat

The retailer has agreed on the key commercial terms of a restructuring plan and is trying to finalise a lock-up agreement with creditors.

Esor pins its hopes on new dispensation

The building and construction group says battlements have hampered the implementation of construction projects.

Curro grows Botswana business

The private education group has finalised its purchase of Baobab primary school in Botswana.

SARS INQUIRY, DAY THREE: Jonas Makwakwa's swift rise to power, and his abuse of it

The testimony of witnesses on Wednesday was all about how Tom Moyane treated SARS like a concentration camp. His right-hand man Jonas Makwakwa, however, stole the...

Semenya back on track after challenging IAAF rules

Caster Semenya bid to put her run-in with the IAAF over controversial new rules on testosterone behind her when she made her Paris debut on Saturday...

29 June 2018

STAR tightens Tekkie Town’s laces

The retail group has deployed an interim management and support team after management at the footwear chain walked out.

Sibanye-Stillwater to defend against lawsuits

Bernstein Liebhard has filed a suit on behalf of shareholders after the company’s share price fell in response to deaths on its mines.

Exxaro says trade war is supporting coal prices

The company is reassessing the potential for Moranbah South in Australia after it could raise high enough offers for a sale.

Spur says Opa! to Nikos

The restaurant group says Nikos Coalgrill Greek has the potential to expand to around 50 outlets over the next few years.

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

Long4Life has concluded an agreement to acquire the entire issued share capital of Rage Distribution.

Corporate finance activity of the week

Christo Wiese’s Titan Group placed 17 million Shoprite shares with institutional investors valued at R3,6 billion ahead of the company’s closed period next week.

SARS INQUIRY: Pravin Gordhan joins the dots on the world-class revenue service trashed by State Capture

Public Enterprises Minister and former SARS commissioner Pravin Gordhan was the first witness to appear at the inquiry into the running of the revenue authority on...

Serena Williams seeded for Wimbledon, Murray misses out

Seven-time Wimbledon champion Serena Williams has been seeded 25 for this year's women's singles by the organisers despite being ranked 183 in the world.

Thorts – The ups and downs of transacting in Mozambique

Mozambique is a country with much fabled potential. It is endowed with ample arable land, a long coastline...

Movers & Shakers – Ian Petherbridge joins Norton Rose Fulbright South Africa

Petherbridge’s areas of specialisation include matters pertaining to financial institutions, energy infrastructure, mining and commodities...

28 June 2018

Steinhoff asks for more breathing room

If creditors don’t extend their debt standstill arrangement beyond Saturday its European business faces reorganisations procedures in Austria.

Shoprite sinks on Wiese share sale

The business tycoon sold a 2.9% stake in the retailer as part of a delta hedge to protect him from share-price movements.

EOH strategy update stems share slide

The IT services group is preparing to appoint a new CEO of its holding company as it separates into two operating units.

Ansys reports lower profit as it prepares for growth

The digital technology solutions provider has restructured its operations to take advantage of the digital revolution and the Internet of Things.

Equities down but not out

Fund managers say market pullbacks and volatility create opportunities for investors although downside risks have increased...

Brexit bill becomes law, allowing UK to leave the EU

A bill enacting Britain's decision to leave the European Union has become law after months of debate, the House of Commons speaker announced Tuesday, to cheers...

The World Cup Day That Was: #Russia2018: Drama deluxe in Group B as first teams into the knockouts

Catch your breath. And tomorrow we go again.

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