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23 October 2018
The $200 million raised from China’s state-backed Pangaea Investments will be used to settle current restrictive loans and provide more liquidity.
The retailer and direct marketing company has received notice from the Van Straaten Family Trust of its plans to buy out minority shareholders.
Howden Africa released a trading update ahead of a possible offer to minority shareholders and take the company private.
The affordable housing developer has had to adjust to new accounting rules, while extra costs piled up due to illegal land occupations.
The REIT says it plans to consolidate its portfolio this year as it positions itself for sustainable growth.
Caution remains the watchword on global equity markets...
The opaque and apparently convoluted nature of a R497-million renewable contract between Telkom/BCX, 41% owned by government, and SAPS for a centralised ICT smart operating centre...
22 October 2018
The dairy and drinks group says a third party is interested in buying its entire share capital.
An investment consortium has revised an earlier indicative offer higher to an effective 210.4p per share after allowing for intu’s interim 4.6p dividend.
More than 85% of the retailer's creditors have agreed to give in an extra month to set its restructuring in motion.
The group has bought SAI Logistics to benefit from trade between the world’s second most populous nation and the UK.
Jamal Khashoggi's killing in Istanbul, almost certainly carried out by operatives from Saudi Arabia, inside the Saudi consulate, has naturally roiled Saudi-Turkish relations. But it has...
The GTI designation is one of the motoring world's most iconic badges. It promises spirited, engaging driving from an otherwise unassuming hatchback. But does the current...
19 October 2018
The report compiled by former auditor general Shauket Fakie clears the REIT of wrongdoing but investors want more answers.
The ICT group says an improved performance across its divisions should carry on for the rest of the year
The developer says headline earnings per share will be virtually wiped out after one of the most difficult periods ever.
Against an especially difficult background, PSG Konsult presented a very strong set of results for the six months to end August 2018.
Weekly summary of M&A activity by South African companies as well as activity from across the rest of Africa...
Weekly summary of corporate finance activity by South African exchange listed companies...
Uber Technologies Inc. and Lyft Inc. are solidifying plans for initial public offerings next year, when a wide pool of investors will decide what the money-losing...
Finance Minister Tito Mboweni said on Tuesday that it was 'a huge concern' that South Africa was failed by VBS Mutual Bank external auditors - a...
State Owned Enterprises in South Africa continue to struggle under severe financial pressure...
The October 2018 MTBPS is an opportune time for a concerted effort to overcome obstacles to a more inclusive growth path.
18 October 2018
Shares in the private hospitals group sank as much as 21% after it warned of a decline in first-half earnings.
The discount pharmacy chain opened seven new stores in the six months to end-August and has opened two more since then.
The motor dealer and car rental group says it will have performed well if it can maintain growth in full-year headline earnings.
The refractory and alloy supplies group says margins came under pressure in the first quarter and it faced rising costs.
First-quarter sales are up from a year ago due to the 27 stores it’s opened since July 2017.
Saudi Arabia may pay a heavy diplomatic and financial price for the disappearance of dissident journalist Jamal Khashoggi. International criticism of the Saudi government has been...
The EFF has dismissed reports that its deputy Floyd Shivambu and the party received millions as VBS Mutual Bank was systematically looted. Julius Malema questioned why...
Watching Bain's testimony to the Nugent Commission of Inquiry into SARS in August left me angry and disappointed. I expressed this to Bain's senior leaders and...
17 October 2018
The supermarket chain says volumes rose 3.5% in its first half as it cut prices on 2 500 everyday grocery lines.
The investment holding company has reported a 22% increase in recurring earnings per share and lifted its dividend by 10%.
The tobacco giant has revised down the revenue it expects to generate from cigarette alternatives this year to £900 million from £1 billion.
Public finances are under scrutiny ahead of the Medium-Term Budget Policy Statement as Parliament ploughs through annual reports detailing performance and financials of the 2017/18 year....
South Africa took a few fiscal punches during Zuma's maladministration nightmare, but the truth is, we dodged a kleptocratic bullet that could have sunk us. However,...
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 164.