27 July 2018

BAT smoking after Reynolds deal

Reynolds contributed approximately 40% to the tobacco giant’s revenue and profit from operations, partially offset by a forex headwind.

AB InBev suffers US hangover

A fall in US volumes resulted in the global brewer missing sales forecasts, while SA volumes were also down.

intu sags as property revaluation obliterates earnings

The shopping centre owner says CEO David Fischel will step down once his successor has been found despite Hammerson deal not progressing.

Ecobank recovery lifts Nedbank

Although the group’s managed operations have performed in line with expectations, its earnings will get a kicker from Ecobank’s turnaround.

BRICS Forum: SA plans to sue US over import tariffs on cars

Trade and Industry Minister Rob Davies says import tariffs breach South Africa's African Growth and Opportunity Act rights.

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

Naspers’ online payment subsidiary PayU, has acquired Israeli financial technology platform Zooz for an undisclosed sum. Zooz connects merchants to multiple banks to accept a variety...

Corporate finance activity of the week

The company’s two long-standing passive offshore shareholders intend to offer their ‘N’ ordinary shares through a bookbuild placement. ..

Zapiro: Self-correction Election

26 July 2018

Vukile says ¡Hola to Madrid bourse

Subsidiary Castellana Properties listed on the junior market of Spain’s stock exchange by way of introduction.

AECI gets boost from acquisitions

The purchase of German’s Schirm and local tar maker Much Asphalt had a 10% positive effect on headline earnings.

AVI grows earnings in a tough year

The group has impaired its Green Cross business by a further R108 million but says operational changes made during the year should help.

Hulamin tumbles on profit warning

The group as been negatively affected by the rand’s strength at the beginning of the year, as well as metal price lag.

No trash in Interwaste’s earnings

The waste management company expects first-half HEPS to be as much as 45% up on a year ago.

BRICS SUMMIT: SA to lead by example as it welcomes a world of leaders, not all of them democratic

The South African government will not be playing Big Brother by teaching democracy to any 'undemocratic' leaders who visit the country this week for the BRICS...

Microsoft (MSFT) time to take profits?

Microsoft has had stunning performance since 2013. Is the stock now overpriced and is it a good time to take profits if you own the stock?

Google parent Alphabet lifted by better-than-expected earnings

Google parent Alphabet shares lifted Monday on a stronger-than-expected earnings report for the past quarter, as the tech giant's results eased concerns over huge fines imposed...

25 July 2018

Dividend windfall for Kumba shareholders

The iron ore producer has maintained its payout despite logistical constraints, a stronger rand and a softer iron ore price.

More customers boost Vodacom’s revenue

The network operator added 2.5 million new customers in the June quarter, with most of them in South Africa.

Hammerson adapts to new retail reality

The shopping centre owner is refining its strategy to deal with an “unusually turbulent retail backdrop" in the UK.

Yes, legacy systems can be digitised

As the world continues to make technological advancements, Industry 4.0 is driving socio-economic change on a scale and at a pace never seen before. The Internet...

SCORPIO: Victim, villain or pawn: Why Eskom 'whistle-blower' Suzanne Daniels was fired

Suzanne Daniels, who was sacked as head of legal and compliance of Eskom on Friday, was a whistle-blower and a doer of good in the eyes...

Sport in an INCEtant - 25 July 2018

There are plenty sporting encounters to come this week with the pick of the action being the Super Rugby Semi Finals which will be played out...

Evita's free speech: Ep. 152: Evita repeats her celebration of Madiba (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 152.

24 July 2018

AngloPlat creates new hub with Mototolo deal

The platinum producer has paid its first interim dividend since 2011 following a restructuring of its operations.

AngloGold gets new CEO at Barrick’s expense

Barrick Gold president Kelvin Dushnisky will replace Srinivasan Venkatakrishnan, who’s off to Vedanta Resources to replace Tom Albanese.

Harmony gets production kicker from Moab

The gold producer has beaten its annual production guidance by 4%, helped by its acquisition of Moab Khotsong from AngloGold Ashanti.

Curro jumps on strong earnings forecast

The private schools group expects first-half HEPS from continuing operations to be as much as 24% up from last year.

Liberty Two Degrees to convert to REIT status

Unitholders in the property investor will receive one share in new L2D for every unit held.

The Week Ahead of 24 July 2018

#ChrisGilmour - Massmart released a very pedestrian trading update for the six months to 1 Jul and yet the market rewarded the share price with a...

23 July 2018

Tough trading for Truworths at home and abroad

The retailer will report flat to weaker sales for 2018, due to challenging conditions for consumers in SA and the UK.

Steinhoff gets creditors on its side

The retail conglomerate says Steinhoff Europe and Steinhoff Finance have established a positive going concern prognosis having bought time with their lenders.

Sasol resilient amid power outages

The group says its performance has been underpinned by higher volumes and a rising oil price, but it has been hit with impairments.

Another milestone for Absa in Barclays separation

The bank plans to complete the operational separation from its former UK parent in 2020 as it rebrands across the continent.

After Helsinki, Trump plans to host Putin in Washington

US President Donald Trump, under fire over his Helsinki summit with Vladimir Putin, doubled down Thursday by saying he looks forward to meeting the Russian leader...

MOTORING: Renault Clio RS 18 F1: A mighty midget

Dynamite comes in small packages - and the Clio RS 18 F1 is a good case in point. What started out as a humble runabout has...

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