NEWS ARCHIVES


31 January 2018

Capitec retaliates against Viceroy’s “loan shark” report

The Reserve Bank says as far as it’s concerned Capitec is solvent, well capitalised and has adequate liquidity.

Steinhoff slumps on ongoing results delay

The retailer says auditors PwC continue to work with it and its legal advisors on its accounting irregularities.

State Capture: Lord Hain refuses meeting with Hogan Lovells until firm admits wrongdoing and apologises

Earlier in January Lord Peter Hain delivered a stinging attack in the House of Lords on international law firm Hogan Lovells for its tailored handling of...

US demand boosts De Beers’ diamond sales

The diamond producer says the industry is restocking, leading to increased demand for rough diamonds.

Helen Zille: From the Inside: From hot water to thin ice on the Day Zero trajectory

We in the Western Cape have a fundamentally different approach to the role of partnerships with the private sector. Policy approaches make the difference between success...

Sponsored - If you sell, sell!

As we are all now aware, we are experiencing one of the toughest markets in years and so, due to consulting with the experts of the...

Paul Hoffman: State Capture Commission: There’s no time to waste – here’s what needs to be done

Free advice is usually worth what one pays for it. Nevertheless, the evidence leaders in the State Capture Commission, whoever they may be, will have their...




30 January 2018

Investors gag over Taste's rights offer

Shareholders holding just 13.8% of the company’s stock took up their rights.

People lose their taste for Spur

The restaurant group blames lower sales on the “perfect storm” of March 2017.

Why the American market?

I believe the US Stock market is the best place for global diversification. Here are my reasons, and a look at OMI, a healthcare logistics company...

The week ahead

At the Allan Gray investment conference in late August last year, American economist Todd Bucholz laid out some clear guidelines that investors should observe when attempting...

Anglo offloads Eskom-tied assets

Seriti Resources has bought another colliery from Anglo as it becomes a major supplier to Eskom.

MTN flags a return to profitability

The mobile network operator says earnings for the year to end December are likely to be positive.




29 January 2018

Steinhoff wards off disaster for now

The furniture group is counting on its African subsidiaries to repay intracompany loans worth €200m to keep its business afloat.

Coronation’s growth held back by rand and Steinhoff

Assets under management were little changed in the last quarter as the rand rallied and Steinhoff slumped.

Analysis: The Downfall of The Talented Mr Molefe

Thursday's damning court ruling against former Eskom CEO Brian Molefe is justifiably seen by many as his well-deserved comeuppance. But it is also evident that myths...

Resilient mum on Viceroy as it lifts its dividend

The real estate investment trust says Eskom’s precarious position is one of the risks it faces.

Mustek musters up a recovery in earnings

The computer assembler and ICT products and services business has flagged improving profitability.

Hugh Masekela: Still Grazing – but now in the Elysian Fields

Attempting the impossible, J. BROOKS SPECTOR tries to sum up the musical legacy of the late Hugh Masekela and to savour the chances he had to...

The Other News Round-Up: Panic Mechanics

Each week, Daily Maverick brings you a round-up of some of the world's stranger occurrences. This week: panic buying.




26 January 2018

Diamonds sparkle as Anglo lifts production

The new diamond mine in Canada and strong iron ore production have made up for a deliberate cutback in platinum and coal.

Hospitality deal lifts Adapt IT

The transaction gave Adapt IT a foothold in the hospitality sector, which now contributes close to a quarter of its revenue.

Deal of the Year - Sponsored by Brunswick

This is the 17th year in which this Gold Medal award is to be made. Nominations were received from advisory firms which, together with nominations from...

Harmony lowers funding requirement for Moab

Shareholders will be asked to approve the $300 million deal at a general meeting next week.

Slimmed down Datatec to report lower earnings

The technology group’s main businesses are now Logicalis and Westcon International following the sale of its Americas business.

Eskom Inquiry: Former CFO Anoj Singh joins the growing queue of the ‘I don’t know’, ‘I can’t say’, ‘It wasn’t me’

It wasn't me. I was not obliged to do so. I did not know. There is an ever-lengthening queue of senior officials from State-owned Entities (SoEs)...

State Capture: Commissions of inquiry are flawed – do they hear the whole truth?

Early in January, on the eve of the first meeting of the new National Executive Committee (NEC) of the governing African National Congress (ANC), President Jacob...

Corporate finance activity of the week

Your latest issue of M&A Pulse with the latest corporate finance activity of the week brought to you by DealMakers.

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

Richemont has announced its intention to launch a voluntary public tender offer for the stake in YOOX Net-A-Porter Group it does not already own. The offer...

Thorts - Consecutive asset-for-share transactions

Section 42 of the Income Tax Act, No 58 of 1962 (Act) allows taxpayers to transfer assets to a company free of immediate tax consequences, provided...




25 January 2018

Rand rallies to best level since 2015

The rand’s strength is expected to result in lower fuel prices after December’s petrol-price hike fed inflation numbers.

Woolworths to take a hit on David Jones reassessment

The retailer is writing down about a third of the value of the Australian department store chain.

Share Picks USA by Bruce

In South Africa, there is an increasing demand by Retail Investors to diversify their portfolios. Recently it has become easier for investors to purchase shares in...

Tobacco stake lifts Reinet’s portfolio

The investment fund says it hasn’t made provision for a performance fee as the conditions haven’t been met.

Wescoal starts reaping the benefits of Keaton acquisition

The coal miner says it’s on track to securing its eight million tonnes of coal production a year.

SassaGate Inquiry: The truth ‘lost in elaboration’ as belligerent Bathabile Dlamini glowers, blames and evades

Minister of Social Development Bathabile Dlamini was visibly irritated at having to answer questions at Monday's historic inquiry, ordered by the Constitutional Court and headed by...

GroundUp: How severe is the drought? A detailed look at the data

Facts are few, opinions plenty, on the cause of the water crisis. By Piotr Wolski for GROUNDUP.




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