NEWS ARCHIVES


30 November 2017

Naspers’ earnings jump on Tencent as e-classifieds turn profitable

Naspers says its e-commerce businesses are starting to gain momentum, with the result that first-half revenue grew by 17% more than last year.

Acquisitions help fuel Kaap Agri’s growth

The agricultural services group added nine new fuel sites to its offering last year and has since bought another three.

Short-term pain as Ansys prepares for increased digitisation

Profit is lower as the digital solutions provider positions itself for growing digitisation of the economy.

Parliament: Obfuscation & Fuzzy Talk – SARS’ Moyane defends Makwakwa’s return to work and bonus

South African Revenue Service (SARS) Commissioner Tom Moyane maintains that Jonas Makwakwa, Chief Officer for Business and Individual Taxes, had every right to be back at...

Drought wilts earnings at Crookes Brothers

The agricultural group says interim results shouldn’t be used to project full-year earnings due to the seasonality of crops.

BSI Steel moves ahead with delisting plans

The AltX-listed processor and distributor of steel products says its size doesn’t justify its listed status.

amaBhungane: Dodgy World Cup deal comes back to bite Free State premier Ace Magashule

While South Africa was caught up in the 2010 World Cup frenzy, Free State premier Ace Magashule was allegedly pulling the strings behind a multimillion-rand tender...




29 November 2017

Nampak unwraps improved earnings despite the tough economy

The packaging group has also been more successful in repatriating cash from Nigeria.

Omnia sells less fertilizer after bumper maize harvest

First-half profit was boosted by a recovery in its mining division and an improvement in Australia.

What moved the market last week

The biggest news is of course that ratings agencies delivered their outlook on South Africa on Friday night. I think maybe we should spend some time...

Long4Life chilled with latest acquisition

The investment group has bought the Western Cape-based maker of Fitch & Leedes and Score Energy.

Bell rings in better times

The maker, distributor and exporter of articulated trucks and earthmoving equipment has flagged a strong rise in full-year earnings

Multichoice scandal is posing painful questions about a corrupt nexus - Naspers must answer them

Friday's GuptaLeaks story was important for revealing what looked like a corrupt nexus between the Gupta's ANN7 television channel, its pay-TV carrier Multichoice and former Minister...

Loan demand boosts Ecsponent

Demand for credit from small and medium-sized businesses, as well as entrepreneurs, is leading to a growing loan book at Ecsponent.

Op-Ed: Fighting Corruption – an economic growth policy all on its own?

There is no shortage of economic policy programmes in South Africa and we tend to race through them without implementing any of them. By DIRK DE...




28 November 2017

Tiger Brands benefits from recent restructuring

The branded food group is focusing on margins as weak consumer confidence weighs on volumes.

South32 to spin off energy coal business, mulls listing

The group wants to broaden black ownership of the asset and introduce communities and workers as shareholders.

Sponsored - End of year bonuses - Christmas wishes?

At the end of every year, employees look forward to or even financially plan around the receipt of an end of year or Christmas bonus. However,...

Invicta’s profit down on the “true economic reality” of South Africa

The engineering and capital equipment group says its global operations should help carry it until local conditions improve.

Vukile confident of dividend growth as it expands offshore

The real estate investment trust says exposure to the UK and Spain will shield it from tough conditions at home.

A community meet up with Petri Redelinghuys

Would it not be nice to be able to meet people and build relationships with other traders and investors so that this lonely game can be...

The week ahead

All eyes were on the release of Moody’s and S&P’s ratings decisions on Fri Nov 24. We had to wait until after the close of markets...




27 November 2017

Business calls for clear, stable and certain policy following downgrade

Big business has lamented S&P's decision to cut the local currency rating to junk, while Moody’s puts the country on notice for a possible downgrade.

An ‘Indaba’ about energy endowment?

David Mahlobo is not the first Minister of Energy to resort to "endowment" as code for mineral energy resources, or concentrated energy resources that are easily...

Shareholders to score as Exxaro halves Tronox stake

Shareholders are in line for a payout as it sells down its stake in the titanium dioxide and chemicals group.

Liberty grows sales but clients are cautious

The life assurer says customers are moving into less profitable guaranteed products due to uncertainty.

Cape WaterGate: Western Cape drought won’t dry up tourism, says advisory firm

The number of tourists flocking to the Cape may feel like droves, but in the grand scheme of things the numbers are unlikely to have much...

Op-Ed: Will South Africa come to the rescue of Zimbabwe? Don’t hold Your breath

South Africa's muddled role in championing good governance and peacekeeping on the continent holds little promise of being the beacon of light. By JOHN FILITZ.




24 November 2017

PPC cements a more solid foundation

PPC’s restructuring is taking shape since last year’s R4 billion rights issue and an improving debt position.

Clucking good year for Quantum

Last summer’s record maize harvest led to a big drop in input costs

Corporate finance activity of the week

DealMakers and Cliffe Dekker Hofmeyr bring you the Corporate finance activity of the week.

Buildmax’s listed days may be over

Management believes its unsustainable for the company to maintain its costly JSE listing.

CSG strengthens its security division

The contract services group has made security the third leg of its business.

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

Your weekly M&A Pulse includes news on JSE-listed companies, non listed companies and companies in Africa. Brought to you by DealMakers and Cliffe Dekker Hofmeyr.

Stenprop goes industrial as it prepares for UK listing

The investment group says high demand and low supply will support UK multi-let industrial properties.

Thorts - Mauritius

In the race between Mauritius and South Africa for the most investor-friendly regime, South Africa’s island rival is gaining ground. Five years ago, South Africa and...




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