NEWS ARCHIVES


09 April 2019

Afrimat enters bid for Universal Coal

A consortium including JSE-listed Wescoal terminated negotiations for Universal after failing to get the recommendation of the junior coal miner’s board.

Pick n Pay claims market share gains

The retailer says turnover rose by a market-beating 9.6% in the 53 weeks to 3 March, with like-for-like volumes up 5.1%.

ADvTECH wraps up Monash deal

The private education group also welcomed a High Court judgement that law degrees from private institutions should be recognised by the Law Society.

Sirius flags strong results as its exits non-core properties

The German property investors expects like-for-like growth in rental income to top the 6.2% it reported last year.

IAPF revises distribution guidance upwards

Investec Australia Property Fund expects growth in its post-withholding tax distribution to be higher than previously forecast.




08 April 2019

Steinhoff buys more time for results release

The “track and trace” process required to ensure appropriate adjustments of accounting irregularities has proved to be more complex and time-consuming than expected.

Murray joint venture wins Snowy Mountains tender

The group has been looking for new complementary markets to support its order book in Australia.

Gamsberg project pushes ELB into first-half loss

The engineering group and capital equipment supplier says it’s pursuing all possible recoveries, including insurance claims, back charges, and project asset sales.

Afrimat flags a rebound in earnings

The construction materials group expects to report a rise of between 20% and 30% in full-year earnings.

ESKOM WOES, continued: Bring urgently needed skills and new capacity, enable independent power generation - Anton Eberhard

Eskom chairman Jabu Mabuza told journalists on Wednesday that Eskom would have a R250bn shortfall over the next three years and even the thumping R69bn capital...

New CEO to drive MAS strategy

The European property investor has appointed former banking executive Werner Behrens as CEO from 1 May.

Oando to cut debt with Axxela sale

The energy firm’s auditors say there’s material uncertainty about its ability to continue as a going concern as its liabilities exceed its assets.




05 April 2019

Fortress delays PwC report back

PwC was commissioned by a subcommittee to investigation share trading activities and historic related-party transactions for any signs of malfeasance.

intu appoints CFO to replace David Fischel as CEO

CFO Matthew Roberts will try to revive the shopping centre operator after a tough year and a number of abandoned takeover bids.

Premier Fishing forecasts bigger catch

The fisheries group has flagged a rise of as much as 30% in first-half earnings.

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

Weekly summary of M&A activity by South African companies

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

Weekly summary of all M&A activity from across Africa (excluding South Africa)

BUSINESS MAVERICK: How are SA's new stock exchanges doing?

South Africa's new stock exchanges are reporting they are making great strides in their very short history, yet an argument still exists about whether they will...

Wilderness hits back at Gazette reports

The ecotourism operator says due to its proposed delisting it wants to clear up the facts.

Weekly corporate finance activity by SA exchange-listed companies

Weekly summary of corporate finance activity by South African exchange listed companies

Thorts - The spider’s web

Businesses must live with the reality of a tight regulatory framework and their M&A advisers must be familiar with the full body of law




04 April 2019

EOH sets deadline for public sector contract probe

The tech services group aims to wind up its investigation by the end of May so it can clear its reputation after Microsoft terminated partnership agreements.

Quilter bulks up advisory business with Lighthouse deal

The wealth management group says the deal will secure its position in the UK financial advice market as it consolidates.

Vukile sells shares to grow Spanish portfolio

The real estate investment trust said proceeds of its R700 million book build would be used for opportunities in Spain.

Sirius completes asset disposal programme

The real estate investor says it is now focused on growing its branded office parks in Germany’s big seven cities.

Mid Cap Darlings - Tsogo Sun Holdings

Currently, Tsogo Sun Holdings has a diversified portfolio of assets including those in gaming entertainment and hospitality. The familiar assets attributable to the group include Montecasino,...

BUSINESS MAVERICK: The curious duality of SA's first business quarter

The Johannesburg Stock Exchange is up as the curtain closes on the first quarter of 2019, which will cheer the bruised bank accounts of SA's investors....




03 April 2019

Steinhoff investors delay their day in court

Aggrieved European shareholders and the retailer have agreed to postpone legal proceedings until 15 May.

BHP reviews guidance after Tropical Cyclone Veronica

The diversified mining group says its initial estimate is for a 6 to 8 million tonne reduction in output from Western Australia Iron Ore.

York Timber sells outlier plantation to Sappi

The timber producer said the commercial forestry assets were too far from its processing operations.

EDWARD KIESWETTER INTERVIEW: New SARS boss: ‘I hope to reignite that flame of hope from the flicker of despair’

Edward Kieswetter walked into a strike on his first day in office on Monday, April 1. In an interview, he says his three priorities will be...

Accéntuate floored by acquisition

After reporting a first-half loss, the infrastructure supplies group is selling Pentafloor back to the original owners.

Wesizwe aims lower with Bakubung mine

The platinum developer has reported a headline loss for 2018 and now plans to get a smaller mine up and running.




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