NEWS ARCHIVES


13 December 2017

Glencore gears up for “electric vehicle revolution”

The metals and marketing group says its commodities are critical for the development of electric vehicles.

Orion reports drilling success at Prieska

The company which took a secondary listing on the JSE in September is fast tracking the project to feasibility.

ANC Leadership Race: Just one week before the show, Dlamini Zuma’s side appears to feel the pressure

With just five days until the ANC's leadership conference kicks off, it is still impossible to predict an outcome. Not many at the beginning of the...

Dis-Chem management offloads R1.1 billion in shares

The discount pharmacy chain's founding shareholders sold shares at R35 each through an accelerated bookbuild.

Top 5 gift ideas for coworkers

Here are my top 5 picks I thought might make great little gifts in the office. Remember, tis the season...

MultiChoice scandal: Yunus Carrim – when did I ever voice my support for e.tv?

ANC MP YUNUS CARRIM hits back at a suggestion that he was doing e-TV's bidding in its battle over encryption with MultiChoice. Here, the former communications...

Pierre de Vos: Is the deputy president the appropriate person to appoint the National Director of Public Prosecutions?

The judgment handed down on Friday by the Gauteng High Court, which declared the "resignation" of the previous National Director of Public Prosecutions (NDPP), Mxolisi Nxasana...

The SADC Wrap: Zim eases up on foreign ownership limits as SADC firms up on Lesotho

From Zimbabwe to the DRC and Lesotho, KRISTEN VAN SCHIE brings you a weekly round-up of news making regional waves.




12 December 2017

Steinhoff calls in the big guns as it prepares to meet creditors

The group has called for lenders’ support as it stabilises its finances.

Failure to meet margin calls led to EOH share-price plunge

The tech group has hired law firm ENS Africa to scrutinise big public sector contracts.

The week ahead

There were mixed blessings; S&P downgraded SA's foreign currency denominated debt by a further notch into sub-investment (junk) status...

PPC jilted by yet another suitor

Fairfax won’t proceed with its partial offer after Ireland’s CRH also withdrew its expression of interest for PPC.

Metrofile extends African Reach

The document storage group has bought Kenya’s largest records management company.

Sea Harvest swoops in on Viking

The fishing group is conducting a due diligence ahead of a possible offer for Viking Fishing.

Evita's Free Speech: Ep.120 – Evita recreates the silly season (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 120. By PIETER-DIRK...




11 December 2017

Steinhoff slide continues as Moody’s downgrades it to junk

The share fell 40% to R6 on Friday, taking the week’s losses to 89%, after Moody's lower its rating four notches into sub-investment grade.

FirstRand gets the green light for UK acquisition

The bank expects to wind up its takeover of Aldermore in the first quarter of next year, subject to obtaining regulatory approval.

Aveng sinks after calling off BEE deal

After extended the deadline several times, Aveng’s empowerment partner still hadn’t made an upfront payment

Paul O’Sullivan vs The State: Forensic investigator demands R199-million for unlawful arrest

On April Fool's Day 2016 a posse of Hawks officers dragged forensic investigator Paul O'Sullivan off a plane at OR Tambo International in front of two...

Coal of Africa transitions to MC Mining

The name change is intended to reflect potential growth, particularly of its metallurgical coal prospects.

African Phoenix takes flight

The company set up to hold ABIL’s bad assets has reported a profit from continuing operations.

Op-Ed: A personal glimpse at how MultiChoice cuts, amends and abandons deals

MultiChoice's content procurement has always been obscure. Although little is now known about its ANN7 dealings, it's worth examining its relationship with e.tv to understand why...




08 December 2017

Steinhoff continues to fall as it moves to comfort stakeholders

The group says it can access additional liquidity of €2 billion to shore up its balance sheet.

EOH caught in the crossfire

Shares in EOH continued to fall yesterday, prompting the company to assure investors that all is right within the group.

GroundUp: Drought – Has Cape Town planned properly for Day Zero?

There are several unanswered questions. By Aidan Jones and Nathan Geffen for GROUNDUP.

AngloGold’s Long Island Strategy gets the go ahead

The expansion will increase gold production by 2.1 million ounces and extend the mine’s life by about seven years

Pallinghurst aims for Premium London listing

The mining and marketing company says following its takeover of Gemfields its shareholder base has changed.

Op-Ed: UK must investigate all bank accounts held in London by any SA state-owned company – Peter Hain

In a hard-hitting speech against corruption - from the top - in South Africa, Lord PETER HAIN argued in support of Amendment 69B before the Money...

Top 5 safety tips you need to share with domestic staff

It may be “the most wonderful time of the year”, but it is also the most opportunistic time of the year for criminal activity! Now is...

Ramaphosa: The myths, the man – and the making of a president?

Alongside Nkosazana Dlamini Zuma, immediate past chair of the African Union Commission (AU), who was a Cabinet minister under presidents Nelson Mandela and Thabo Mbeki, Cyril...




07 December 2017

Steinhoff's skeletons crash out of the closet

Share price meltdown as Christo Wiese steps in after CEO Markus Jooste quits over accounting regularities.

Hammersons and Intu to form European retail property giant

The takeover will create the UK’s largest property company with assets of £21 billion.

ANC Leadership Race: With branches’ cards revealed, a tough, tight contest looms

It's set to be a close race in the ANC's national elective conference after the nomination of ANC MP Nkosazana Dlamini Zuma in KwaZulu-Natal - the...

What moved the market last week?

The breakneck pace at which things changed accelerated last week with the Rand continuing its charge during the course of last week.

Sanlam ready to weather market headwinds

The group says the outcome of the ANC’s national elective conference this month could add to market volatility.

Schroder targets more Western European acquisitions

The REIT says rental growth is returning to the region, supported by an economic recovery and declining unemployment.

Op-Ed: Beware the dangerous ambitions of the anti-business propaganda campaign

The formal business sector in South Africa has been subjected to a propaganda onslaught that has damaged it. It has painted business as universally corrupt, led...

Op-Ed: A Snake Eating its Tail – South Africa cannot let two Zuma-era travesties get him off his corruption charges, again

If President Jacob Zuma is not prosecuted, after so many years of court wrangling, it will be a travesty and a tragedy. By PAUL HOLDEN.




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