NEWS ARCHIVES


06 January 2020

MTN rings in the New Year with mixed tidings

The network operator says it is making progress with its R15 billion asset realisation programme but faces a lawsuit over alleged bribes.

BAT back in flavour with new vape guidance

New US regulations are aimed at reducing the appeal of vaping to the youth market while providing a non-tobacco alternative for adult smokers.

Grindrod Shipping close to deal

The shipping group remains in talks with lenders to provide it with the capital it needs to acquire an additional stake in IVS Bulk.

Day 1 for new Nampak CEO as De Ruyter packs up

Former Bevcan executive Erik Smuts assumes the role slightly early after its previous CEO left to tend to the Eskom generation crisis.




24 December 2019

AngloGold streamlines portfolio with Sadiola sale

The mine in Mali is one of three the gold producer had earmarked for disposal.

intu sells Spanish centre to cut debt

The shopping centre owner is also in advanced talks to sell another centre as it fixes its balance sheet.

Anglo reaches Minas-Rio milestone

The diversified miner has received the final operating licence it needs for the tailings facility at its Brazilian iron ore mine.

Ingham Analytics issues a note on Kumba Iron Ore Ltd entitled “Earnings forecast to double in 2019”

Ingham Analytics have updated their earnings on Kumba. Find out more here.

Sebata hit by slowdown in government work

The ICT company says public sector spending is under scrutiny as the government tries to reverse endemic corruption.

Prosus bruised in Just Eat food fight

Just Eat continues to recommend that shareholders accept the Takeaway.com offer as it gains more acceptances.




23 December 2019

Ascendis reports healthy Remedica sales

Share in the pharmaceuticals group have tumbled further despite strong growth at Remedica, which has been marked for sale.

Weak trading weighs on JSE earnings

Once-off charges and a decline in trading activity will leave earnings up to 26 percent lower this year.

Glencore’s Katanga buys land for tailings facility

The land will help Kamoto Copper Company operate its mines, facilities and infrastructure more efficiently.

PSG sells Alaris stake to Tadvest

The investment group says the disposal is in line with its strategy to focus on core investments and to hold controlling interests.

Prosus bruised in Just Eat food fight

Just Eat continues to recommend that shareholders accept the Takeaway.com offer as it gains more acceptances.




20 December 2019

Prosus and Takeaway.com vie for Just Eat

Both companies say higher offers made yesterday are final and Just Eat shareholders have until 10 January to make up their minds.

AngloGold pours first gold at Obuasi

The gold producer expects to produce gold at an annual run-rate of 350,000 to 400,000 ounces a year for the next 10 years.

Gemfields gets export duty reprieve

The additional tax place it at a disadvantage to Colombia and Brazil, which have no export duty and low mineral royalties.

Stefanutti obtains more funding

The construction group has received a third tranche of funds and says it is exploring longer term cost-effective funding solutions.

Bidvest in talks

The industrial services group says it is in negotiations that could affect the price of its shares if they are successfully concluded.




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