NEWS ARCHIVES


19 October 2017

BHP Billiton iron ore output hit by Mount Whaleback fire

The world’s biggest miner still expects to reach its full-year production target.

Pan African settles with Barberton workers

Pan African Resources says its Barberton Mine has reached a one-year wage deal with the National Union of Mineworkers.

Cabinet Reshuffle: A worried South Africa responds

President Jacob Zuma's Tuesday Cabinet reshuffle was greeted with almost unanimous concern from quarters unconnected to the ANC. While the axing of Higher Education Minister Blade...

Stefanutti rallies as it flags higher operating profit

Shares in Stefanutti Stocks jumped as much as 13% yesterday after it flagged an improvement in its operating conditions.

Three universities castigated for announcing increases before release of Fees Commission report

Unilateral fees increases for the 2018 academic year by some universities might be a recipe for disaster, warns the Higher Education Transformation Network. By ORATENG LEPODISE.

Pierre de Vos: Fact-checking claims about prosecuting President Jacob Zuma

Since the Supreme Court of Appeal dismissed President Jacob Zuma's bid to appeal against the High Court judgment which declared invalid the decision to drop charges...

Op-Ed: Why does the government hold on to SAA?

It is a truism that governments have no business running an airline. The airline industry is notoriously capital and skills intensive and yet has hair-thin margins....




18 October 2017

Pick n Pay takes a hit from retrenchments

The retailer says the once-off costs of its voluntary severance programme will be recovered in the second half of the year.

Mediclinic says the Middle East is out of ICU

Mediclinic International has had a mixed first half, with a drop in patient numbers in South Africa and Switzerland offsetting a positive turnaround at its operations...

Richemont has a sparkling first half

The luxury goods group says it expects a big improvement in first-half earnings thanks to better trading and positive exchange-rate movements.

ANC Leadership Race: Court applications as politics by other means

The road to the ANC's December conference appears to be lined with court cases. Hardly a day goes by without the news that someone or other...

Wescoal on track as it beds down Keaton acquisition

Wescoal says it’s on track to deliver eight million tonnes of coal a year in the short to medium term as it integrates Keaton Energy.

4sight to bring the “Internet-of-Things” to the JSE

The data analytics company has priced its shares ahead of tomorrow’s listing.

Power, money and sex: Harvey Weinstein, Donald Trump and All the King’s Men

In which J. BROOKS SPECTOR finds similarities between Harvey Weinstein and Donald Trump - and directs attention to the heavy political lessons in America's great novel...




17 October 2017

FirstRand confirms interest in UK bank

FirstRand plans to bulk up its UK business with the purchase of Aldermore Group in a deal worth close to R20 billion.

Group Five gets offer for European concessions business

Group Five rallied as much as 43% after it said it had received an unsolicited R1.6 billion offer from Greenbay Properties for its European business,

Calgro M3 hampered by social unrest and drought

Social unrest in Gauteng and drought in the Western Cape have hampered progress in Calgro’s Integrated Residential Development business.

Project UBU - A venture opportunity

There has been much hype around Bitcoin, the first digital currency to create a sensation amongst investors. Now we bring you Project UBU.

Sibanye-Stillwater says platinum merger has averted closures

Sibanye-Stillwater says it’s managed to achieve substantial synergies following the integration of the Rustenburg and Aquarius platinum operations into the group.

Combined Motors revs up to overtake tough economy

Combined Motor Holdings says it’s done well to grow profit under tough economic trading conditions.

Astral flies as it flags a spike in earnings

Astral says it expects a sharp increase in 2017 profits after trading conditions continued to improve in the last couple of weeks of the period.

The week ahead

A reminder to all IAS/CFA members that the annual CFA University Challenge will take place at the JSE at 17:30 on Tue 17 Oct.




16 October 2017

Stadio teams up with Brimstone to buy Milpark Business School

In its first big deal since listing, Stadio and Brimstone Investments have joined up to buy private tertiary education group Milpark Education.

Aspen probed by UK watchdog for anticompetitive behaviour

Britain’s competition regulator is the latest to scrutinise Aspen Pharmacare for possible infringement of competition laws.

All Joy as AH-Vest’s tomato factory reduces imports and creates jobs

AH-Vest's new Tzaneen factory has started to meet its production targets, lifting revenue and reducing the need for tomato-paste imports to South Africa.

Zuma Spy Tapes Judgment Day cometh: Will Shaun Abrahams finally honour his oath of office?

Shaun Abrahams, head of the country's beleaguered National Prosecution Authority will find himself in the spotlight on Friday when the Supreme Court of Appeal in Bloemfontein...

Another day, another NEPI Rockcastle deal

NEPI Rockcastle says it’s buying the Serenada shopping centre and the adjacent Krokus centre in Poland’s second-largest city, Krakow.

Super Group raises R500 million in oversubscribed book build

Super Group will use the proceeds to fund offshore acquisitions, including the UK dealership business Slough Motors and Spanish logistics group Ader.

Survivor: The White House Edition

In which J. BROOKS SPECTOR suffers the fate of Samuel Taylor Coleridge with a vivid dream. Only, instead of the immortal poem, "Kubla Khan", he imagines...

The week ahead

A reminder to all IAS/CFA members that the annual CFA University Challenge will take place at the JSE at 17:30 on Tue 17 Oct.




13 October 2017

Taste hit by “brutal” decline in consumer spending

Taste says any operational gains made in the first half of its financial year were overshadowed by a “brutal and sustained decline in consumer spending”.

Harmony glistens on production update

Harmony Gold Mining says production from its South African underground operations will be 12% to 14% higher for the first quarter of its 2018 financial year.

Corporate finance activity of the week

Your corporate finance activity of the week includes Exxaro, Argent Industrial, Mass Real Estate and many more companies in the M&A space.

Equites rolls forward on logistics strategy

Equites Property Fund says it has benefited from continued demand for modern, well-located logistics facilities.

Verimark’s profit falls as it lures customers with new products

Verimark has managed to grow first-half sales, despite tough conditions for consumer-related businesses due to reduced consumer spending.

Thorts - Bitcoin

In the late 2000s, Bitcoin was counter-culture; revolution; anarchy; cypher-punk. It was anti-government, anti-control and commonly understood as the currency of the dark web and shady...

Vunani battles through tough economy

Vunani has weathered a tough first half, which saw performance fees decline and longer lead times to finalise advisory mandates.

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

Wondering whats happening in the M&A Space this week? Find out whats happening with JSE-listed companies, unlisted companies and companies in Africa.

Movers & Shakers - Govan Manuel

Manuel’s area of expertise is mergers and acquisitions, private equity, corporate re-organisations and restructurings, general corporate finance and empowerment transactions.




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