NEWS ARCHIVES


09 November 2017

Steinhof brushes aside new allegations

Steinhoff has dismissed reports claiming it failed to disclose deals worth about $1 billion with a company in which it holds a minority interest.

AECI expands offshore in Imperial deal

AECI has struck a deal to buy Schirm GmbH from Imperial Chemical Logistics for €110.5 million to give it a foothold in Europe.

Zimbabwe: Mugabe dismisses his Vice President, Emmerson Mnangagwa

Zimbabwe's Vice President Emmerson Dambudzo Mnangagwa has been fired. The information was released during a press conference in Harare on Monday by ruling party spokesperson and...

Purple chairman feels shareholders’ pain

Low volatility and weak confidence have dented revenue at Purple's market trading platform, GT247.com, while the group continues to invest in EasyEquities.

Indluplace capitalises on demand for cheap rentals

Indluplace says the shortage of well-priced and well-managed rental housing gives it the opportunity to continue growing its portfolio of residential properties.

Analysis: Ramaphosa’s open slate plus Naledi Pandor manoeuvre

While the ANC likes to pride itself on its traditions and its "own way of doing things", the current race to be its new leader is...




08 November 2017

Mr Price trends higher on upbeat forecast

Mr Price Group’s shares jumped over 11% at their best yesterday after it predicted a sharp rise in first-half profit.

More New Look woes for Brait

The UK fashion chain has reported a half-year loss due to tough UK economy.

Who is Lord Peter Hain and why are Zupta bots trolling him?

It's a cliché of course, but those who don't know history are bound to repeat it. It didn't take the Zuptabots long to start trolling Lord...

Group Five pushes ahead with restructuring despite corporate action

Group Five plans to exit its manufacturing cluster as it focuses on niche businesses.

PPC flags an improved first half

The cement producer says its Rwanda and Zimbabwe operations have led the charge

Harmony's 2018 year off to a positive start

Harmony has increased production and lowered costs in the three months to end September thanks to a strong showing from South Africa.

TRAINSPOTTER: The President’s Reapers – Zuma sets the stage for the Dlamini Zuma wrecking crew

If the NDZ/MKMVA cap fits, wear it. By RICHARD POPLAK.




07 November 2017

FirstRand reaches agreement with UK target

FirstRand says it’s reached a deal with Aldermore to buy the UK bank for £1.1 billion, and Aldermore plans to recommend the deal to its shareholders.

AngloGold on track as it offloads loss-making assets

AngloGold Ashanti says it’s on track to meet full-year guidance and to delivered on is restructuring objectives in South Africa.

UK Queen's private estate invested in offshore funds: leaks

Millions of pounds from the private estate of Britain's Queen Elizabeth II have been invested in offshore tax haven funds, a huge new leak of financial...

Bulked up Redefine lifts its distribution by 7%

The REIT has forecast slower growth this year due to weak growth and subdued confidence in the economy.

Raubex looks for new opportunities in a tough market

Raubex is entering new markets due to fewer contracts from SANRAL and delays in renewable energy projects.

Evita's Free Speech: Ep.115 – Evita on Armed Struggles and the President's KXXpXrs (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 115. By PIETER-DIRK...




06 November 2017

Lonmin shares plunge as it stalls results release

Shares in Lonmin toppled 28% after the platinum miner postponed the release of its full-year results pending the outcome of an operational review.

Rising markets provide a boon to Sygnia

The fund manager expects full-year profit to be up to 26% higher.

Finding Art: James Gubb’s stock price protest poetry breaks boundaries. JSE disagrees.

On 31 March Finance Minister Pravin Gordhan, while addressing the media outside of the Treasury offices in Pretoria after he and his deputy Mcebisi Jonas had...

Absence of big deals holds back ISA

ISA says there was a distinct absence of any new large deals in the first half, leading to a sharp fall in turnover.

Buildmax says regulatory uncertainty has hit mining investment

Buildmax has reported an improved first-half performance despite continued uncertainty in the mining industry.

GroundUp: Why communities have gone to court over the Mining Charter

The mining industry has been built on a system of inequality and exclusion. This must change. By Lee-Anne Bruce, Robert Krause, Wandisa Phama and Louis Snyman...

State of the dams: The Cape’s water supply at a glance

The Western Cape is facing its worst drought in recent history. Here's what you need to know about its significant dams. By JASON NORWOOD-YOUNG and MARELISE...




03 November 2017

TFG’s Australian shopping spree hits earnings

The retailer has partly funded its Australian expansion through a R2.5 billion capital raise and now operates in three key geographies.

Tongaat’s earnings get a boost from land conversions

Tongaat says it benefited from a considerable increase in land conversions in the six months to September.

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

PPC has announced it is in non-binding discussions with LafargeHolcim to combine some of their assets. A firm offer is expected in November which could include...

intu says its centres in UK and Spain are attracting top brands

The shopping centre owner says footfall at its centres should match last year.

Esor slates government infrastructure inaction

Esor says government delays in awarding tenders to contractors is frustrating and problematic, leaving its order book almost unchanged over the past year.

Corporate finance activity of the week

The company intends to raise R200 million through a private placement by way of an offer to Brimstone Investment and others qualifying under the B-BBEE Act.

Afrimat diversifies to survive the lean times

Afrimat’s had a tough first half due to a difficult business climate after President Jacob Zuma’s cabinet reshuffle at the end of March.

Thorts - Harmonising Law

Over more than decade, a combination of globalisation, foreign investment and an increase in multinational co-corporations in Africa has resulted in the rise of cross border...




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