NEWS ARCHIVES


07 September 2018

FirstRand grows in tough environment

The financial services group credits the strength of its franchise for being able to grow earnings in a low-growth economy.

Sanlam’s investments unit holds back growth

The group says its portfolios were not well positioned for the run in the SA market after the ANC’s December elective conference.

Fake news hit EOH earnings

The IT services group said it won fewer major contracts after the events of last year but business activity has started to normalise.

Spur overcomes sales decline

The restaurant group says sales at its Spur Steak Ranches recovered strongly in the fourth quarter.

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

Mediclinic International’s Swiss subsidiary Hirslanden has reached an agreement to combine Hirslanden Clinique La Colline with Clinque des Grangettes in Geneva.

Corporate finance activity of the week

The company has announced it is to embark on a repurchase programme which will terminate on November 30, 2018. A maximum of 3 million shares may...

Parliament: Markus Jooste joins growing list of Steinhoff senior managers who claim they ‘did not know’ of accounting irregularities

Markus Jooste, the former Steinhoff CEO, said on Wednesday that he did not know of any accounting, or other, irregularities at the firm. Appearing before a...

Zapiro: Don't Panic

Thorts - Africa's contrasts - (re)emerging trends of mining in Africa

It has been said that "the greater the contrast, the greater the potential. Great energy only comes from a corresponding great tension of opposites" (Carl Jung)....




06 September 2018

Disappointed MMI to revisit dividends next year

The life assurer has a three-year plan to achieve sustainable, profitable growth - the duration of new CEO Hillie Meyer’s contract.

DRDGold glisters from east to west

The mine dump reprocessor has also introduced short-term price protection following its acquisition of Sibanye-Stillwater’s West Rand Trailing Retreatment Project.

Acquisitions cushion Alviva

The group credits its ICT Distribution business for an improved 2018, helped by the full takeover of Datacentrix.

Cummins Inc Firing on all cylinders Currently undervalued

SharepicksUSA - Cummins shares are currently undervalued, triggering a buy opportunity...

Fifty days before MTBPS: SA's public finances, a grim reminder of shaky times

To say South Africa's public finances are in mess would be like putting lipstick on pig. But politics is about spin and making the impossible at...

COMMISSION OF INQUIRY INTO SARS: For Moyane and Zuma, Bain was a team player

A picture is emerging of consulting firm Bain & Co entering SARS with a premeditated goal directed by Tom Moyane and sanctioned by Jacob Zuma.

Consumer imports under attack from SARS

The Customs and Excise division of SARS has reportedly started to enforce an absurd regulation that says anyone who buys more than three consignments a year...

Zapiro: Parktown

Zapiro - Parktown




05 September 2018

MTN Nigeria hit with $2 billion tax bill

As it prepares for a Lagos listing, the mobile network operators problems in Nigeria are mounting by the billions.

Discovery on track for bank launch

The group says while buying FirstRand’s stake in Discovery Card had delayed the process, the bank should start operating by the end of the year.

Aussie rules for WHBO

The engineering and construction group is making a larger share of its revenue in Australia as the local market stagnates.

Rand shaves R1 billion from Aspen’s revenue

Shares in the pharmaceuticals group fell sharply after it said the firmer rand earlier this year impacted revenue and earnings.

Sibanye to slash debt pile

The miner will use some of the proceeds of its streaming agreement with Wheaton Precious Metals to buy back its bonds.

China’s Xi offers $60 bn Africa aid, says ‘no strings attached’

President Xi Jinping told African leaders Monday that China's investments on the continent have "no political strings attached", pledging $60 billion in new development financing, even...

Understanding how capitalism really works

You have to give it to Karl Marx. Whatever your own ideological pre-disposition, there is no denying that when he set out to analyse capitalism, he...

EVITA'S FREE SPEECH: Ep. 158: Evita’s live-changing experience (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 158.




04 September 2018

Bidvest blames policy uncertainty for weak economy

The industrial conglomerate says growth is likely to remain lacklustre until policy and political certainty emerges after next year’s election.

Sun International deals a stronger hand

The hotels and casino group has realigned its business and is close to exiting Nigeria.

Acquisitions boost Stadio’s earnings

The group has warned that costs in the second half of the year are likely to be higher as it prepares for next year’s intake.

TFG may write off House of Fraser bad debt

The retail group says the write-off is unlikely to be material and most of House of Frasers stores are likely to continue trading.

The Trust Economy: Corporate Reporting's New Frontier

The scene was brimming with smiles and protruding chests, as the figurative confetti of integrating reporting grandeur showered down on Nedbank Group Ltd...

The Week Ahead of 4 September 2018

#ChrisGilmour - The ZAR is one of the world’s worst performing currencies year to date. Having dropped by 15.8% so far this year, it is in...

Sport in an INCEtant - 4 September 2018

Both tempers and temperatures were soaring over the past week at the US Open, make sure you don’t miss a moment of sporting action in the...




03 September 2018

Special div as Old Mutual winds up separation

The financial services giant has excess capital available over and above its solvency requirements.

Lost confidence hobbles Steinhoff’s sales

The retailer says it had to work harder to convince customers to buy big-ticket items with long lead times or multi-year guarantees.

Hyprop holds back on Hystead listing

The real estate investment trust says it will continue to hold the South-Easter Europe property group in an unlisted format.

Slimmed down Grindrod grows earnings

The group says it’s well positioned to drive the strategies of its remaining Freight Services and Financial Services businesses.

Trump says EU bid to end auto tariffs ‘not good enough’: report

President Donald Trump on Thursday reportedly rejected as "not good enough" a European Union proposal scrapping tariffs on automobiles, a move which threatens to amplify a...

OP-ED: A properly implemented NHI can help bridge divides in a fractured country

What is the NHI and what does it have in common with land expropriation? Both have the potential to build social solidarity across race, gender and...

Marius Oosthuizen: SA and UK can find a new rhythm in economic relations

South Africa, with access to diverse raw materials, a young workforce and proximity to future African consumers estimated to number 2.5 billion by 2050, is well...




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