NEWS ARCHIVES


15 December 2017

Steinhoff says the rot may go deeper

The group says its 2016 financial statements can no longer be relied upon as Christo Wiese steps down as Supervisory Board chairman.

Sibanye makes play for Lonmin

Lonmin says its board has unanimously recommended Sibanye-Stillwater’s all-share offer for the platinum producer.

PPC decides to go it all as it turns down LafargeHolcim

At least four companies expressed interest in the cement producer but it’s happy to stay single.

Newsflash: Double trouble for Zuma as court dismisses State Capture review case and orders him to personally pay costs

The only way President Jacob Zuma's week could be worse is if his Gupta-gotten gains were invested in Steinhoff shares. By PAULI VAN WYK.

Echo Polska on track with retail plan

The Polish-focused real estate company plans to become one of Poland’s leading retail landlords.

BSI Steel reports lower earnings as it plans to delist

The company is on a cost-cutting drive, including the expense of a JSE listing.

Analysis: Why are South Africa’s securocrats so jumpy over Jacques Pauw & Ronnie Kasrils?

There's every indication that South Africa's security establishment has a bad case of the jitters. We're seeing attempts to indict published books, journalists being harassed, and...




14 December 2017

Shuffling the deckchairs on the platinum belt

AngloPlat moves down the cost curve as Lonmin takes over Pandora and Northam signs up for Amandelbult.

British American Tobacco is smoking

The tobacco giant says the integration of Reynolds is on track, with the businesses performing strongly.

What moved the market last week

Last week was probably one of the most insane weeks I have ever seen in my life. First and foremost, the Steinhoff move...

JSE prepares for yet another property listing

Castleview Property Fund says the JSE has granted it a listing of its ordinary shares in the Retail REITs sector on the JSE’s AltX.

Pioneer bulks up on UK breakfast

The food group has bought UK granola brand Lizi’s for an undisclosed amount.

SassaGate Reloaded: Three steps towards payments for social grants revealed by Post Office and Sassa

A three-phase hybrid model of payments for social grants between the South African Post Office and Sassa announced on Sunday will hopefully make it harder for...

Telemasters rides the digital migration wave

The telecoms operator has reported a sharp rise in its gross margin as clients move to its Digital direct platform.

Explainer: ANC Leadership Race – exact sequence unclear, but it’s likely that the opening session will happen first

It's upon us at last, so, what to expect during the ANC's 54th national conference at the Nasrec Expo Centre in Johannesburg starting on Saturday? It's...




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...




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