NEWS ARCHIVES


25 June 2018

Naspers accelerates expansion after Tencent stake sale

The internet and media giant plans to reinvest the proceeds from the Tencent stake sale into growing its e-commerce empire.

Steinhoff close to Kika/Leiner sale

The embattled retailer will get up to €490 million for the property assets but next to nothing for the operating businesses of the Austrian retailer.

AngloGold and GoldFields get Ghana go-ahead

AngloGold Ashanti will proceed with the redevelopment of Obuasi while Gold Fields will boost its Ghanaian portfolio with a stake in Asanko

Land Issue: SA gears up for public hearings on land - but logistical challenges are immense

From today, Parliament will embark on six weeks' worth of public hearings around South Africa. The topic: land expropriation without compensation. The aim: to make all...

Immigrants, artists and crying children

Some time ago, I met an Uber driver in Cape Town, an immigrant and refugee from another African country, riven by war. He wanted nothing for...




22 June 2018

Health stocks dip on NHI bill

The bill is aimed at narrowing the gap between the 10% of the population that can afford private healthcare and those who can’t.

Imperial to go ahead with Motus unbundling

If you’re an Imperial shareholder you’ll get shares in the unbundled automotive division when it lists later this year, giving you more choice.

Ansys warns of lower profit

The digital technology solutions provider has been shifting direction, which it expects to affect short-term earnings.

Esor’s pipeline project drains profits

The construction group expects to report a bigger full-year loss due to the Northern and Western Aqueduct pipeline projects.

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

The company will unbundle Motus, its automotive arm, and Imperial Logistics which entails transport, warehousing and distribution management.

Corporate finance activity of the week

An Imperial circular and Motus pre-listing statement will be circulated to shareholders at the end of September...

#Russia2018: World Cup results: Suarez seals Egypt’s fate as Uruguay beat Saudi Arabia

Uruguay's narrow win over Saudi Arabia means it's the end of the road for them and Egypt in Group A.

Thorts - Is price stabilisation market manipulation?

One such form of price manipulation is price stabilisation, affected through an over-allotment of securities on an initial public offering (IPO), used with or without a...




21 June 2018

Sibanye-Stillwater commits to improve safety

The gold and platinum miner has reported 20 deaths on its mines since early February despite rolling out a revised safety strategy last year/

Accelerate to consolidate and pay down debt

After year’s of acquisitions, the property fund plans to reduce its loan to value towards its 35% target range.

Macsteel sale to boost AMSA’s earnings

The steel producer says if the deal had been in place last year, its headline loss would have been 11.1% lower.

Stay woke: making sense of shareholder activism

Top execs in some of the world’s largest corporations are vexed at the idea of this rampant shareholder activism. However, a quick skim of Dale Carnegie’s...

Royal Dutch Shell (RDS.B) a high quality high dividend yield company

Shell is a high dividend yield company that has strong medium-term growth potential. Suitable for both the income and growth portfolio...

#Russia2018: Golden Boot standings: The top scorers at the World Cup

The Golden Boot is awarded to the player who scores most goals at the World Cup. This list will be updated as the tournament progresses.




20 June 2018

Rand caught in trade-war crossfire

The currency weakened to its worse since early December as the trade stand-off between the US and China worsened.

M&R shareholders approve Aveng merger talks

ATON said the outcome of the vote was heavily influenced by a major conflict of interest.

Brait stuck on New Look

The investment group says it will keep the carrying value of the UK women’s fashion chain at zero until its turnaround shows results.

Grindrod in line for Mercantile

The bank says Mercantile would complement its existing financial services offering.

Mining Charter: Minister Mantashe opens a careful new chapter

The draft mining charter is looking to balance policy certainty and stability for the mining industry, benefits to communities and workers, while pursuing transformation not by...

Analysis: AT&T and Time-Warner - a media/communications monster of a future kind

A US federal court decision has allowed the merger of AT & T and Time Warner, in an unprecedented bringing together of electronic pipelines and a...

#Russia2018: World Cup results: Kane spares England’s blushes against Tunisia

Kane you believe that?




19 June 2018

Liberty shares fall after blackmail attempt

The life assurer says there’s no evidence yet that any customers have suffered any financial losses due to its systems being hacked.

ATON cleared for Murray vote today

Shareholders will be asked for their approval for the group to pursue a takeover of Aveng.

Invicta hit by tax provision

The group is still planning an offshore listing to make it easier to access international debt and equity funding.

PPC shows cracks in DRC

The impairment of its DRC assets detracted from a strong performance from the cement producer, with profit more than doubling.

Capital targets business market

Capitec is one of a number of parties interested in buying Mercantile as it expands its services.

The Week Ahead of 19 June 2018

The falloff in retail sales may well be a hangover from some pre-emptive buying in Mar ahead of the one percentage point increase in VAT on...

#Russia2018: World Cup highlights: Brazil held to 1-1 draw by Switzerland

Neymar's Brazil were held 1-1 by Switzerland in their opening World Cup game at Rostov-on-Don on Sunday.

#Russia2018: World Cup highlights: Champions Germany stunned in Mexico defeat

Mexico stunned holders Germany 1-0 in their opening World Cup match in Moscow on Sunday.

#Russia2018: The best World Cup goals (and non-goals) so far

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