NEWS ARCHIVES


16 August 2017

Curro’s earnings growth slows as it prepares for Stadio listing

Shares in Curro sank yesterday as growth for the six months to September fell short of investors’ lofty expectations.

Grindrod’s losses narrow as commodity prices improve

Long-suffering investors in Grindrod were rewarded yesterday after the shipping and ports infrastructure group said conditions in its key markets were improving – resulting in smaller...

Sponsored - How much is enough?

What is more than enough for one person may be completely insufficient for another. We all have different aspirations, so let’s focus on what’s reasonable...

Imperial continues offshore diversification strategy

Imperial Holdings continues to beef up its offshore operations, buying UK car dealership chain Pentagon Motors...

#GuptaLeaks: Guptas’ blue lights mystery solved

The #GuptaLeaks have finally solved the mystery of the blue light vehicles that illegally ferried hundreds of guests to the infamous Sun City wedding extravaganza in...

Accountant turned Braai Day master: Jan Scannell on how fires unite SA

Jan Scannell, aka 'Jan Braai', is a chartered accountant turned braai master who has reignited Heritage Day in South Africa.




15 August 2017

Advtech benefits from push for private education

The move to private education continues to drive profit growth at ADvTECH. The education and staffing group expects normalised earnings per share for the six months...

Bell Equipment shares surge as its fortunes improve

Bell Equipment says first-half earnings rose at least 70% as demand for its trucks and earth-moving equipment improved in South Africa and it installed a new...

Stellar Capital revises down its SOTP valuation as Torre’s shares fall

Shares in Stellar Capital continued their descent yesterday after the investment holding company warned of a steep drop in the its bet asset value per share.

Kap Industrial weather the weak economy due to its diverse business mix

Kap Industrial’s policy of investment in businesses with high barriers to entry has paid off, with a strong rise in full-year profit.

Bitcoin price surges past $4,000 after key transaction speed breakthrough

Cryptocurrency Bitcoin topped record levels on the weekend, surpassing the $4000 mark for the first time. This comes after an agreement was reached in the Bitcoin...

Paul Whelan: Dissecting Zuma's survival in Parliament's no-confidence motion

It may be confusing to determine whether last week’s motion of no-confidence result was a positive or negative result. Depending on what you read, you may...

Imperial is said to shelve sale of $151 million chemicals unit

Imperial Holdings Ltd. has shelved the sale of a German agrochemical-ingredient business after potential buyers didn't meet the South African company's 2 billion rand ($151 million) valuation...




14 August 2017

Exxaro shares follow markets weaker despite strong first half

Exxaro shares follow weaker markets despite forecasts of a near tripling in first-half profit.

Old Mutual on track for split as earnings rise

Old Mutual says it’s making good progress on its managed separation and is looking at a 2018 IPO for its UK wealth business and SA-holding company...

Gender-based Violence: Mbalula admits SAPS neglects cases – but no special treatment for Manana

Police Minister Fikile Mbalula on Thursday said the SAPS "neglected" many cases of violence against women by failing to accept cases of gender violence, not investigating...

Incredible story: Kuben Naidoo's franchise journey to 100 KFC stores

Kuben Naidoo got involved in the KFC franchise business in the 1980s. Today he is one of SA's top franchisees, as he recently opened his 100th...

The Donald vs Kim Jong-un: When Bluster trumps Diplomacy

The Yalu River - the boundary between North Korea and China - was where American and Chinese troops met and engaged in combat in the midst...




11 August 2017

Glencore positions itself for mass rollout of electric cars

Glencore says it’s well positioned as car makers start manufacturing more electric vehicles and batteries, which will boost demand for commodities including copper, cobalt, zinc and...

Capital & Regional boosts dividend as it grows rentals and cuts costs

Retail-focused Capital & Regional has lifted its interim dividend 6.8% and hinted at a higher year-end payout thanks to the reslience of its shopping centres.

Sponsored - Where the risks lie

Morgan Housel will be speaking at the Allan Gray Investment Summit at the Sandton Convention Centre on 31 August 2017.

New bid for Sovereign Foods leaves Country Bird eating grit

Sovereign Foods has received – and recommended – a R907 million buyout offer from private equity groups that value the company at a 33.3% premium to...

Mboweni 'fired' from BRICS Bank. Still no spot for Nene despite Zuma promise.

National Treasury director general Dondo Mogajane has replaced former Reserve Bank governor Tito Mboweni as a non-executive director of the BRICS Bank.

Broken democracy: Why the Van Zyl Slabbert report haunts SA's parliament

The Van Zyl Slabbert Commission proposed that South Africa should consider adopting a mixed electoral system when it comes to appointing MPs.




10 August 2017

Mpact feels the impact of recession

Mpact’s results for the six months to June reflect challenging trading and economic conditions. Sales volumes are down and it’s also been faced with higher recovered...

Greenbay's European expansion lures investors

Continuing its acquisition strategy, Greenbay Properties raised about R4 billion in an accelerated book build this week as it evaluates significant direct retail opportunities in Europe.

Sponsored - One on Whiteley

Perfectly positioned in the heart of Melrose Arch Precinct, One on Whiteley is the latest residential development in South Africa’s most exclusive mixed-use precinct...

Buyer’s remorse as Brait discount widens

Brait’s shares continued their sharp decline on Tuesday after the investment holding company provided investors with an update on its value that gave little detail on...

Rand leads world currency losses as Zuma survives ouster vote

The rand led declines among major currencies after South African President Jacob Zuma survived a bid by opposition lawmakers to oust him, crushing the prospect of...

Zuma Survives Ouster Bid to Keep Grip on South African Power

South African President Jacob Zuma survived a no-confidence motion in parliament, ensuring that he'll maintain his grip on power until at least the end of the...

Semenya’s legacy continues to blossom with bronze in 1,500m

Caster Semenya bagged bronze in the 1,500m at the IAAF World Championships in London on Monday night. In a tough race - and with her main...




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