NEWS ARCHIVES


13 September 2018

Raubex rightsizes as roads go to pot

The roadbuilding and construction group says spending on road infrastructure has dwindled while provincial government contracts have been delayed.

Clover impairs DFSA loan after strong year

The group said it wasn’t aware of the impending resignation when it prepared its annual accounts but decided to be prudent.

Quantum expects bumper lay

The poultry producer has benefited from high levels of profitability in its egg business and an insurance payout.

York flags lower earnings on timber valuation

A lower increase in the valuation of its biological asset is likely to result in a big drop in full-year earnings.

State of police: Crime stats from Hell - brought to you by years of instability, political pliancy and the SAPS's internecine battles

With an official murder rate of 57 South Africans killed every day - and murder is a yardstick for crime generally - Police Minister Bheki Cele...

Mmusi Maimane: Seven Steps to defeating this recession

We cannot afford to let this recession persist. We must take these seven bold steps now to get South Africa growing again. Here are seven interventions...

Zapiro: All Behind Us




12 September 2018

Aspen may cash in on baby formula

Bloomberg reported it’s been in talks with France’s Lactalis to sell its global infant nutritionals business for about $1 billion.

ADvTECH takes on Monash

The acquisition signals the departure of Australia's Monash University from South Africa.

Attacq revises payouts due to tough economy

The real estate investment trust said the weak economy had affected the sale of non-core assets and the rollout of development activity.

Defensive Trellidor weathers the slowdown

The security gate and shutter specialist says its Trellidor business remained defensive last year while blind sales came under pressure.

No dividend as Torre prepares to delist

The industrial group plans to increase black ownership above 51% and says it will be easier to achieve its target in an unlisted environment.

Tesla shares bounce as Musk risk seen as overblown

Tesla shares bounced Monday following an upbeat analyst note that suggested worries about chief executive Elon Musk and his various controversies were exaggerated. 

ANALYSIS: The day Ace become a political Joker

On Sunday morning Qaanitah Hunter and Jeff Wicks published apparent proof in the Sunday Times that there is a plan involving former President Jacob Zuma, and...




11 September 2018

MTN seeks restraining order in Nigeria

The group has asked the Federal High Court for injunctive relief restraining the Attorney General and central bank from proceeding with any action.

Richemont brings back CEO as sales rise

The luxury goods group has appointed chief operating officer Jérôme Lambert as CEO to ease its entry into the digital age.

AVI pays special dividend despite tough year

The fast-moving consumer goods group is paying an additional 250c per share after raising its full-year dividend by 7.4%.

Afrox lifts dividend as gas sales sizzle

The industrial and healthcare gases group says it’s trying to mitigate negative market trends affecting its hard goods business.

The Week Ahead of 11 September 2018

#ChrisGilmour - MTN shares plummeted last week on the news that it faced fines totaling $10bn for spurious allegations from the Central Bank of Nigeria (CBN)...

Sport in an INCEtant - 11 September 2018

The conclusion of the Us Open on Sunday night wrapped up a fiery week of sporting action, which was marred by the controversial Women’s Final and...

Evita's free Speeach: Ep. 159: Evita teaches Theresa new steps (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 159.




10 September 2018

ARM prepares for revolution

The diversified miner says the shift to electric vehicles creates opportunities for some of the metals it produces but also presents challenges.

Northam on track with expansion

The group spent R3.8 billion last year as it aims for annual production of more than one million ounces.

Aveng makes progress with restructure

The early redemption of the construction group’s bonds will come at a cost to shareholders as it dilutes their holdings in the company.

Tsogo gives Hospitality to shareholders

Tsogo shareholders will receive shares in Hospitality in two tranches if the transaction is approved.

VIDEO: Street Talk: Forget VAT - let's create jobs!

CPUT students and lecturers complain that the increase in VAT hurts the people who are working hardest. The government should be creating JOBS and not just...

MOTORING: New Porsche Cayenne: SUV with sports car DNA

The third-generation Porsche Cayenne is not only new from the ground up, but also purports to be sportier than ever. Does that make it a stronger...




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)....




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