NEWS ARCHIVES


12 March 2018

Tiger Brands tests confirm L6T6 at Polokwane

he Department of Health has confirmed the presence of the deadly listeriosis strain as Richard Spoor and Paul O'Sullivan prepare to take action.

Exxaro sinks as downgrade follows results

The coal producer reported a sharp fall in profit due to the cost of a BEE transaction and said it planned alternative energy investments.

Stadio beats forecasts as it expands

The group reported a smaller than expected headline loss after a delayed acquisition resulted in lower finance costs for 2017.

Renewable Energy Burst: Jeff Radebe to sign off wind and solar power projects after a two-year hiatus

In his new post in Cyril Ramaphosa's Cabinet, Energy Minister Jeff Radebe has renewed the government's commitment to renewable energy. After a delay of two years,...

4Sight predicts higher profit after acquisitions

The technology group expects 2018 earnings per share to be more than a third higher than forecast in its listing prospectus.

Rex Trueform turns around Queenspark’s sales

The retail and property group has lifted sales at the clothing chain after introducing new brands and products.

Conduit Capital swings to profit

CEO Sean Riskowitz says the company should achieve breakeven underwriting results next year and is “suitably equipped” for strong growth thereafter

Marelise van der Merwe: The Other News Round-Up: For services rendered

Each week, Daily Maverick brings you some of the world's stranger occurrences. This week: Nails in the coffin of "selfless efforts"?




09 March 2018

Standard Bank revises targets after strong year

The banking group has increased its return-on-equity target after growing 2017 earnings by 14% despite currency headwinds.

Sanlam bolsters emerging-markets business

The insurance group has topped up its holding in Saham Finances and has R2 billion in discretionary capital for other value-accretive acquisitions.

MTN flags higher dividends as it returns to profit

While it’s guiding for a lower payout this year, MTN says its dividend could rise by 10% to 20% over the medium term.

Aspen dispenses strong first half

The pharmaceuticals group expects to maintain growth but says supply constraints are holding it back.

Famous Brands chokes on Gourmet Burger

The restaurant group plans to write off as much as 20% of what it paid for the upmarket burger chain in 2016.

Movers & Shakers - Cliffe Dekker Hofmeyr

Cadman has extensive knowledge and expertise, spanning 22 years, in competition law matters, specifically prohibited practices and the establishment of compliance policies.

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

Hospitality Property Fund is to acquire seven casino precinct properties currently owned by Tsogo Sun for R15 billion. Hospitality will issue 1,2 billion shares at R12.50...

Mcebisi Jonas on State Capture, the economy and Nelson Mandela Bay

Mcebisi Jonas keeps a level head amid talks of expropriation of land without compensation and a potential mayorship candidacy for Nelson Mandela Bay. By NKATEKO MABASA.

Corporate finance activity of the week

The company has undertaken the second equity draw down announced in February, issuing 252,673,771 new shares at R11.81 to Milost, raising R29,84 million. The proceeds will...

Thorts - Kenya’s largest debt and equity restructuring

Bowmans is the lead legal advisor in the restructuring of the balance sheet of Kenya Airways (KQ), which is the largest and most complex corporate transaction...




08 March 2018

Resilient and Fortress sort out trust

The REITs are also exploring alternatives to eliminate their cross-shareholding after coming under fire this year.

MMI swaps dividend for buy back

The insurance group will send R2 billion over the next year repurchasing shares due to their wide discount to embedded value.

RMH rides on FirstRand’s coattails as property wanes

Although it was a tough six months for the property sector, RMH’s share of profit from FirstRand grew strongly.

Mpact geared for growth after toughest year ever

The paper and plastics packaging group has reported a sharp fall in profit but says it has invested in future growth initiatives.

Tillerson's Travels: US mum on SA land expropriation question

The jury's still out on how the US government views the decision by the South African Parliament to amend the Constitution to allow expropriation of land...

TRAINSPOTTER: Cyril Ramaphosa and his many big, fat, mayo-drenched polony sandwiches

The rise of Cyril Ramaphosa was supposed to give South Africans a chance to have a nice cup of tea following the nine-year Zuma donnybrook. Instead,...




07 March 2018

FirstRand not too hot, not too cold

The banking giant has delivered first-half results that were pretty much in line with expectations due to the stagnant economy.

Clover ready to milk an improving economy

The dairy and drinks group has lifted margins following a realignment of its business and the introduction of new products.

Sea Harvest reels in record earnings

The fisheries group has doubled its catch thanks to strong demand for Cape Hake and investments made in its Saldana Bay processing plants.

A tale of two halves for RBPlat

After reporting a first-half loss, the platinum producer grew headline earnings strongly in the second half despite production interruptions.

Cashbuild keeps building in tough economy

The building materials retailer has reported a drop in first-half headline earnings for the first time in five years.

Listeriosis outbreak: The blame games begin

The world's worst outbreak of listeriosis in history has claimed 180 South African lives and counting. Now, the time-honoured national pastime of finger-pointing and blame-shifting has...




06 March 2018

Food groups hit by listeriosis

Tiger Brands and RCL Foods have suspended production of products suspected of causing the outbreak of listeriosis in the country.

Merafe pays record dividend after strong year

The group has paid down debt and rewarded shareholders after reporting record production from its joint venture with Glencore.

Texton maintains dividend despite restructuring

The property group paid R180 million to internalise its management function as it shifts direction.

Sponsored - Retirement Planning. Encore! You saved the best for last.

This is the new retirement and we’ve called these years – “The Encore Years” because they start long before you finally take your bow.

Astral lays golden earnings egg

Better trading conditions and a low 2017 base will result in a surge in first-half earnings.

Raubex on the prowl for growth

The construction group says it has made good progress on international expansion opportunities which will position it well for the year ahead.

The Week Ahead

President Cyril Ramaphosa reshuffled his cabinet late on Mon night. This was a compromise reshuffle that left many incompetent ministers still inside cabinet and made no...




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