NEWS ARCHIVES


13 July 2018

Taps running dry at DAWN?

Although it has reduced its losses, DAWN’s auditors have questioned its ability to continue as a going concern.

Pan African lifts production, lowers costs

The group has closed its costly underground operations at Evander as it positions itself as a low-cost, long-life gold producer.

SASSAGATE: Net1 is 'cheating' social grant beneficiaries, charges Social Development Minister Susan Shabangu

Net1 companies providing social grants are deceiving beneficiaries to maintain their market share, Social Development Minister Susan Shabangu said on Tuesday, as Sassa continues to implement...

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

Anchor Group has sold a 51% stake in Anchor Stockbrokers to a consortium led by Dr S Ngebulana, founder of real estate investment trust Rebosis and...

Corporate finance activity of the week

Aveng has been notified by ATON that it has acquired an interest in the ordinary shares of the company, such that its stake in Aveng now...

State Capture, continued: Ghosts of Zuma and Conflicts of Interest lurk behind Jiba, Mrwebi SCA majority finding

Former President Jacob Zuma's rape trial as well as allegations of corruption related to the arms deal formed the unseen architecture around Tuesday's Supreme Court of...

Emile Ormond: Deceptively Simple? How SA can boost investor sentiment

Dutch football legend Johan Cruyff famously said that "football is a simple game. It is just very hard to play it simple". The same rings true...

#Russia2018: In Pictures: England are going home and still can’t scratch that World Cup-ić

Home after the third-place playoff, that is.

Thorts - China's commitment to direct investment in SA continues

The recent announcement that China’s Sinopec is buying a controlling stake in Chevron South Africa is indicative of the strength of Chinese companies’ appetite for direct...




12 July 2018

Steinhoff thrashes out debt plan with creditors

The beleaguered retailer has to secure support by 20 July or it could face a reorganisation under Austrian company law.

Glencore cooperating with US investigation

The group has formed a board committee led by chairman Tony Hayward to oversee its response to the US Department of Justice.

Gold Brands offloads Black Steer to cut debt

The casual dining group is selling assets after recent results cast doubt on its ability to continue as a going concern.

Michael Hulley 2.0: Zuma's new lawyer Mantsha was once struck off the role, and later delivered Denel to the Guptas - basically, he's ideal for the job

Shocking but not surprising: former President Jacob Zuma has appointed a new attorney to represent him - a man who was once labelled dishonest by a...

#100MenMarch: Hundreds gather to drum home message of no gender-based violence

As the fight against the abuse of women and children continues, a number of organisations held a march to the Union Buildings in Pretoria to show their support...

Zapiro: Jonas and the Whale




11 July 2018

Anchor sells stockbrokers to black investors

Rebosis founder Sisa Ngebulana is leading a consortium that has bought a controlling stake in Anchor Stockbrokers.

Miranda reduces losses as it implements new strategy

The coal-focused group is disposing of its assets and reinventing itself as a producer of polymetallic concentrates.

ANALYSIS: In the run-up to 2019 elections, Ramaphosa's action options are severely limited

Over the weekend President Cyril Ramaphosa met with Zulu King Goodwill Zwelithini, publicly assuring him that government and the ANC had no interest in removing land...

OP-ED: First it was Oudekraal - now the City of Cape Town wants to sell off Maiden's Cove

The City of Cape Town has advertised the sale and lease of precious public open space in the protected scenic coastal reserve known as Maiden's Cove....

EU says UK Brexit minister’s resignation not a problem

The resignation of Britain's Brexit minister David Davis is not a problem for the EU, a spokesman for the bloc said Monday, insisting Brussels was ready...

TOUR DE FRANCE: In Pictures: Boo for Froome as BMC take team time trial on stage three

It was also a very satisfying day for Froome, the Kenyan-born Briton ignoring some booing at the start line and working with his team to make...




10 July 2018

Hospitality places its chips on Tsogo’s casinos

Tsogo ultimately plans to unbundle its stake in Hospitality Property Fund to shareholders.

Torre soars on delisting plans

The industrial group says raising its black ownership will be easier if it’s not a listed company and it will save on costs.

Tharisa reports new production records

The platinum and chrome producer says it’s on track with its Vision 2020 strategy while acquisitions in Zimbabwe will deliver future growth.

The Week Ahead of 10 July 2018

#ChrisGilmour: Global financial markets face a delicious dilemma: while trade tensions dominate and are beginning to assume alarming proportions, economic data points to a booming US...

Change creates its own opportunities

Starting out as a pulp mill in Finland in 1865, it took Nokia over 100 years to become a household name, known throughout Europe as the...

Evita's free speech: Ep. 150 - Kaktus Files #13: A Second Chance (there will not be a third) (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 150.




09 July 2018

Pistols at dawn as ATON prepares for battle

The German group has accumulated over 25% of Aveng’s shares which it may use to try and block a merger with Murray & Roberts

STAR gets tough on Tekkie Town

The retail group has obtained a court interdict preventing the former management of the footwear retailer from interfering with its IT systems.

Durban July: Steinhoff former boss Markus Jooste's horses banned from SA's biggest race

On 4 July the Public Servants Association (PSA) revealed it had received assurance from the National Horse Racing Authority (NHRA) that ex-Steinhoff boss Markus Jooste's horses...

PRIVATE HEALTHCARE PRICING: How your health issues are manipulated to serve the interests of big medical business

Private healthcare companies continue to build new facilities and doctors have been referring patients to hospitals to fill the beds, with some patients not needing to...

2018 Zimbabwe elections - the main players: Zanu-PF's incumbent Emmerson Mnangagwa (75) vs MDC Alliance's Nelson Chamisa (40)

The key players in the polls on 30 July have to prove to Zimbabweans and the world that they are capable of turning the country around.

MOTORING: Porsche 911 Carrera T: Perfect for purists

Porsche's 911 Carrera T is a lighter, more focused version of the standard model: think thinner glass, no rear seats, and shorter gearing. But can a...




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