NEWS ARCHIVES


20 December 2017

Little good news as Steinhoff meets lenders

The group’s shares fall as much as 23% after it says the magnitude of accounting irregularities is still unknown.

Old Mutual Wealth sells Single Strategy to TA Associates

Single Strategy didn’t form part of the core multi-asset business which will be rebranded Quilter Investors next year.

#ANCdecides2017: The Top Six that could have been

It was always a tight race and there were always going to be losers. Here are the leaders that delegates to the ANC's 54th National Conference...

Group Five’s losses widen on Kpone delay

The company will bail the Ghanaian contract out with free cash from its European Investments & Concessions business.

House of Cards: Shaun Abrahams directed by ConCourt not to make decisions regarding Zuma

In many ways a Constitutional Court directive issued on Friday that incumbent-not-incumbent head of the NPA, Shaun Abrahams, not take any decisions with regard to the...

Analysis: What cost the President’s free tertiary education plan?

President Jacob Zuma made the both surprising and utterly unsurprising move on Saturday of releasing his response to the Heher Commission's report on the Feasibility of...




19 December 2017

Rand, JSE rally as Malema confirms it’s a boy

The rand pre-empted a Ramaphosa win, rallying more than 3%.

AMSA to pay CompCom fine in instalments

The steelmaker has renegotiated its payment schedule due to its tough trading conditions.

Transpaco looks to Future in tough packaging market

The plastics and packaging group will pay up to R105 million depending on Future Packaging’s year-end results.

Advanced Health welcomes push for day hospitals

The hospitals group says it’s seen a strong rise in patient numbers but analysts aren’t buying it.

Op-Ed: Undocumented minors – The life and death struggle for education

School is out, and as the class of 2017 await their final results, two young women will be conspicuously absent. One a South African, the other...

Evita's Free Speech: Ep.121 – Evita wears Nasrec fancy dress (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 121. By PIETER-DIRK...




18 December 2017

STAR’s Shoprite deal collapses as Wiese loses control

STAR is talking with other shareholders as Wiese losses his grip on Steinhoff due to a forced share sale.

BONANG MOHALE: Business must participate in national renewal

The past few weeks have been an uncomfortable period for the South African business community. But whatever these instances show, they are not representative of broader...

Uneasy pricing truce between Omnia and Foskor

The fertilizer group accuses Foskor of continuing to flout Competition Ruling on pricing for phosphoric acid.

Altech UEC sale held up by collusion probe

The Altron subsidiary was one of 13 companies targeted in a dawn raid by the Competition Commission.

#ANCdecides2017: The Great Chakalaka Conundrum

In which J. BROOKS SPECTOR attempts to read the future while driving a DeLorean to divine the ANC's and the country's possible future. And once again,...

AngloPlat’s earnings jump on cost reductions

The platinum producer says it’s made significant progress in repositioning its production down the cost curve.

Marelise van der Merwe: Goodbye 2017: The Other News Awards

Each week, Daily Maverick brings you some of the less headline-grabbing events of the world. This week: we're not dishing out trophies as such, but honourable...




15 December 2017

Steinhoff says the rot may go deeper

The group says its 2016 financial statements can no longer be relied upon as Christo Wiese steps down as Supervisory Board chairman.

Sibanye makes play for Lonmin

Lonmin says its board has unanimously recommended Sibanye-Stillwater’s all-share offer for the platinum producer.

PPC decides to go it all as it turns down LafargeHolcim

At least four companies expressed interest in the cement producer but it’s happy to stay single.

Newsflash: Double trouble for Zuma as court dismisses State Capture review case and orders him to personally pay costs

The only way President Jacob Zuma's week could be worse is if his Gupta-gotten gains were invested in Steinhoff shares. By PAULI VAN WYK.

Echo Polska on track with retail plan

The Polish-focused real estate company plans to become one of Poland’s leading retail landlords.

BSI Steel reports lower earnings as it plans to delist

The company is on a cost-cutting drive, including the expense of a JSE listing.

Analysis: Why are South Africa’s securocrats so jumpy over Jacques Pauw & Ronnie Kasrils?

There's every indication that South Africa's security establishment has a bad case of the jitters. We're seeing attempts to indict published books, journalists being harassed, and...




14 December 2017

Shuffling the deckchairs on the platinum belt

AngloPlat moves down the cost curve as Lonmin takes over Pandora and Northam signs up for Amandelbult.

British American Tobacco is smoking

The tobacco giant says the integration of Reynolds is on track, with the businesses performing strongly.

What moved the market last week

Last week was probably one of the most insane weeks I have ever seen in my life. First and foremost, the Steinhoff move...

JSE prepares for yet another property listing

Castleview Property Fund says the JSE has granted it a listing of its ordinary shares in the Retail REITs sector on the JSE’s AltX.

Pioneer bulks up on UK breakfast

The food group has bought UK granola brand Lizi’s for an undisclosed amount.

SassaGate Reloaded: Three steps towards payments for social grants revealed by Post Office and Sassa

A three-phase hybrid model of payments for social grants between the South African Post Office and Sassa announced on Sunday will hopefully make it harder for...

Telemasters rides the digital migration wave

The telecoms operator has reported a sharp rise in its gross margin as clients move to its Digital direct platform.

Explainer: ANC Leadership Race – exact sequence unclear, but it’s likely that the opening session will happen first

It's upon us at last, so, what to expect during the ANC's 54th national conference at the Nasrec Expo Centre in Johannesburg starting on Saturday? It's...




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