NEWS ARCHIVES


12 February 2018

Sishen turnaround boosts Kumba’s earnings

The iron ore producer says it will reverse a large impairment of the mine due to stronger production and an improved outlook for iron ore prices.

Lower maize and wheat prices eat into Pioneer’s revenue

The branded foods group expects to recover from 2016’s disastrous maize hedge.

Deflation holds back STAR’s sales growth

The African retail giant grew revenue despite a deflation tailwind at its Pep and Ackermans chains.

Two Degrees distorts Liberty’s results

IFRS rules have created a mismatch between the listed unit price and the underlying net asset value of Liberty’s property investment.

The Final Countdown: How should Zuma go?

As South Africa holds its collective breath, the question in the ether is how President Jacob Zuma will at last leave power. Thursday brought few indications...

Winter Olympics 2018: All eyes on remarkable Nigerian women bobsleigh team

The 2018 Winter Olympics will have the greatest African representation ever. But it's the Nigerian women who will compete in the bobsleigh and skeleton event who...




09 February 2018

Gold Fields loses its glister

The gold producer expects to report a loss due to a big impairment of its South Deep mine and its silicosis settlement.

Grit gets more liquid as institutions climb on board

Trading volumes and values have jumped following its inclusion on the Mauritius SEM 10 index and the Cloud Atlas AMI Big 50 ETF

OneLogix on the road as Gauteng’s drought ends

The logistics group says there’s been increased demand for movers of top-end agricultural products since the drought abated

PSG Asset Management 2018 Presentation & Outlook

PSG Asset Management (PSGAM) gave an outstanding presentation to clients on Wed 7 Feb in Johannesburg. Known for their contra-cyclical approach to investing, CIO Greg Hopkins...

Movers & Shakers - Raimund Snyders

He will use his expertise and in-depth knowledge of scaling financial services in fast growth markets to accelerate Leapfrogs' commitment to providing life changing financial and...

Corporate finance activity of the week

Your corporate finance activity of the week includes companies like MTN. Orion, Brimstone and also additional listings by companies like CoreShares and Ashburton. Brought to you...

Analysis: Jacob Zuma’s exit, a political hyper-drama

President Jacob Zuma is under pressure. That it's not quite going his way emerged strongly when Parliament, in an unprecedented move, postponed the State of the...

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

The French retailer exercised its buy-back option on the assets in Biarritz and Anglet, paying €44,8 million (R658,56 million), a 10% premium to current valuation.




08 February 2018

South Africans tipple while Spar toasts Ireland

The retail group says local liquor sales jumped over 11%, Ireland partied and Switzerland was dour over the festive season.

Brimstone cashes in on Life

The investment group said it wanted to realise value from its investments in Life Healthcare and Tiger Brands.

Notes from the House: Don’t forget the impeachment option

While the country has been debating when will Jacob Zuma will go, Parliament's Rules Committee has been hard at work making sure the impeachment option is...

Extra week leads to soggy profit at Sappi

Sappi says demand for speciality and packaging paper is growing as the push to use paper over plastic gains momentum.

Renovations slowdown hits Italtile

The tile and sanitaryware group says South Africans are spending less on fixing up their homes.

SassaGate: Bathabile Dlamini attacks officials on Twitter while experts suggest Sassa be barred from paying grants

The Constitutional Court Section 38 Inquiry mandated to probe whether Minister of Social Development Bathabile Dlamini should be held personally liable for the SassaGate scandal last...

Pierre de Vos: Would it make any difference if SONA was not just postponed, but cancelled?

On Tuesday - as controversy rages around the possible removal of Jacob Zuma as President of the country - the State of the Nation Address (SONA)...




07 February 2018

Big shakeup as Koseff and Kantor make way for new blood

Investec chairman Fani Titi and asset management head Hendrik du Toit will be appointed as CEO designates on 1 April.

AngloPlat expects to double earnings

A strong operational performance, strict cost control and higher sales volumes of platinum group metals are behind the rise.

Hulamin hit by strong rand

The impact of the stronger currency was partially offset by higher metals prices and a strong manufacturing and sales performance.

DRDGold rallies on tailings forecast

The surface treatment specialist says the benefits of the Sibanye-Stillwater deal will quickly offset dilution of earnings.

Brij Maharaj: Ramaphosa’s SONA: First Edition

An imagined first State of the Nation Address to Parliament by 'President' Cyril Ramaphosa.

Helen Zille: From the Inside: Day Zero Memes and Myths abound – let’s get back to essentials

Discussions during the past week have proved, once again, that fiction has more traction than fact, especially on an emotive issue. Also this week we saw,...




06 February 2018

Capitec builds its defence against Viceroy

The bank says the Viceroy report presents information that is not clearly comparable and fails to present information that is in the public domain.

Op-Ed: The quest for truth and trust amid rumours and research notes about Steinhoff, Capitec et al

We have become too sceptical of those in positions of authority (whether in business or otherwise) to trust that anyone would act other than for their...

Sibanye-Stillwater blitzes up more metal

The precious metals miner has beaten its guidance for last year’s local gold and platinum output.

Cape Hake demand boosts Sea Harvest

The fisheries group says its performance has been significantly enhanced by the investments made in its Saldanha Bay processing plants.

The week ahead

The narrowly defined unemployment rate remained at 4.1%, with the broader rate, which includes discouraged jobseekers, moving slightly higher to 8.2%.

TRAINSPOTTER: Cow Patsy – How Ace Magashule, and his Gupta dairy scam in Vrede, explain Jacob Zuma’s final hours

For the past 23 years, ANC warlord and Free State Premier Ace Magashule has presided over a medieval dead zone, in which his courtiers ran around...




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