NEWS ARCHIVES


20 August 2018

Famous Brands mulls its options

A vague cautionary announcement on Friday has raised speculation that moves are afoot to offload its ailing Gourmet Burger Kitchen subsidiary.

Steinhoff on track with restructuring

The furniture group’s shares jumped as much as 27% after it confirmed that the restructuring would be launched within the three-month deadline.

Resilient warns of lower payouts

The real estate investment trust says the distribution of its Fortress stake to investors will affect future dividends.

Libstar blames mushrooms for profit fall

The branded food producer and distributor has also been affected by lower margin business and share dilution after this year’s IPO.

Harmony impairments hit profit

The gold producer says impairments, a translation loss on dollar debt and lower derivate gains will deplete full-year earnings.

Esor suspends trade as it aims for rescue

The company said the effects of the business rescue proceedings instituted at Esor Construction on the listed holding company were not known.

Viva la revolución: Washington sleeps easy: SA envoy to Venezuela calls off 'plans' for military action against US

Pretoria's man in Caracas has retracted his offer to help Venezuela fight off a feared American invasion.

ANALYSIS: Transnet's looters on the ropes - but criminal charges need to follow swiftly

Hawks boss Godfrey Lebeya told Parliament this week that the unit is investigating fraud, corruption and money laundering in a case involving the largest amount of...




17 August 2018

Standard Bank grows digital in competitive market

The bank says a growing number of customers are opting for digital banking channels, in South Africa and the rest of Africa.

Truworths lures more eyeballs online

The clothing and homeware chain is expanding its online offering as retailers battle to get feet through doors.

Gold Fields’ CEO isn't quitting

The gold producer has reported a first-half loss after impairing South Deep as it prepares to lay off workers.

Listeriosis and rising costs clip Tiger’s claws

The group says full-year earnings will be up to 37% lower due to higher costs and the impact of the listeriosis product recall.

Charged up Metair overcomes Lira’s decline

A strong performance more than offset the Turkish Lira’s slide but the group is being cautious with capital for the rest of the year.

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

Your weekly M&A Pulse brought to you by DealMakers and sponsored by Cliffe Dekker Hofmeyr...

Corporate finance activity of the week

Your corporate finance activity brought to you this week by DealMakers and sponsored by Cliffe Dekker Hofmeyr...

OP-ED: SARS Acting Commissioner Mark Kingon on Accounting & Accountability: 'We clearly have something to fix'

This is an edited version of an address by SARS Acting Commissioner Mark Kingon to the Institute of Internal Auditors of South Africa, delivered on 13...

Thorts - Disruption success isn’t so much about how you approach it:

While the initial response by large corporations to innovative and technological disruption is largely focused on the wholesale acquisition of new industry entrants, this is not...

Movers & Shakers - Annuscha Pillay

Annuscha Pillay has joined the M&A/Corporate Practice at Baker McKenzie in Johannesburg as Partner.




16 August 2018

Naspers dives on Tencent profit fail

The Chinese Internet and gaming giant reported revenue and profit that fell short of expectations.

Emira lifts distribution as vacancies fall

The property fund says due to an oversupply of offices it’s had to reduce rentals and provide tenants with more incentives.

M&R forecast fails to lift shares

After a strong first half, the construction and engineering firm expects full-year earnings to be more than 20% higher.

Marius Oosthuizen: Ten irrefutable laws of economic success

The heart of our economic problem is this: two few people work, because there are too few jobs available, because there are too few companies to...

SpaceX vows manned flight to space station is on track

Tech magnate Elon Musk's SpaceX vowed this week to send its first astronauts into orbit on schedule next year -- part of a drive to restore...

ANALYSIS: In choosing the next NPA boss, Ramaphosa must navigate carefully

On Monday, President Cyril Ramaphosa was finally gifted the one thing he has probably wanted the most, ever since he ascended to power at the Union...

Evita's free speech: Ep. 155: Evita gives a toffee

#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 155.

Value investing and short discussion on Verizon (VZ)

In this article I briefly discuss some of the benefits of investing in Shares that are undervalued. This follows with a overview of Verizon (VZ) Shares




15 August 2018

Naspers spooked by Tencent’s monster

Ahead of Tencent’s results today, Naspers fell after the Chinese company’s new blockbuster game was blocked by regulators.

Gold Fields to slash jobs at South Deep

The gold producer is impairing the deep level mine by another R4.8 billion which will result in a first-half loss.

Curro to recapitalise laggard Meridian

The private schools group says recapitalising its subsidiary and redeeming expensive interest-bearing debt will be positive in the long run.

Chemical reaction boosts KAP

The diversified industrial group’s chemicals division was the standout performer last year as it integrated recently-acquired Safripol.

SCORPIO Analysis: Mr Moyane, you failed. Then you lied. Time to tell the truth

SARS Commissioner Tom Moyane's press release to journalists on 16 March called Scorpio's painstaking and carefully considered reportage of his behaviour at the helm of the...

ISS Today: Can China free Africa from dependency on the mighty dollar?

By extending the influence of the yuan, China could become the new champion of globalisation. By Peter Fabricius

Zapiro: Chop and mop




14 August 2018

Flash crash for rand caught in Turkey crossfire

The rand weakened to R15.70 against the dollar in what Bloomberg said was its biggest one-day slide in a decade.

Soggy results from paper group Sappi

The paper and pulp producer reported a decline in profit in what is traditionally its weakest quarter due to capex and shut downs.

Esor slumps as it files for business rescue

The board of Esor Construction hopes that entering business rescue will buy it time to develop and implement a recovery plan.

Santam’s margins recover after 2017 storms

The short-term insurer expects its net underwriting margin to rise above its long-term target range.

The Week Ahead of 14 August 2018

#ChrisGilmour - The escalation of geopolitical rhetoric took a new turn this week with the US imposing sanctions on Russia as a result of the Novichok...

Sport in an INCEtant - 14 August 2018

The last week of sporting action was filled with adrenaline pumping moments including Tiger Woods narrowly missing out on his first major victory in 10 years...




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