NEWS ARCHIVES


24 August 2018

Woolworths trims dividend after difficult year

The retailer says the new financial year has got off to a positive start after it restructured and impaired its David Jones chain in Australia.

Massmart “cautiously optimistic” about second half

The retailer and wholesaler has reported flat first-half sales and lower profit after it restructured two of its divisions.

No thanks to gold as Sibanye turns a profit

Strong performances from its SA and US platinum operations offset a weak first-half for its local gold mine.

South32 rides on higher commodity prices

The diversified miner achieved record production at a number of its operations last year and says it’s well positioned for the year ahead.

Commission of Inquiry into SARS, Day Five: SARS was broken while fixing a problem that never existed. It cost R204-million

R204-million. That is the amount taxpayers paid consultancy firm Bain and Co. Its work, in turn, contributed to the breaking down of SARS.

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

Your weekly M&A Pulse brought to you by DealMakers and sponsored by Cliffe Dekker Hofmeyr...

Corporate finance activity of the week

Your corporate finance activity for the week brought to you by DealMakers and sponsored by Cliffe Dekker Hofmeyr...

Thorts - Yebo yes to BEE shares!

More than 85,000 black investors and approximately 8,500 current and past employees will soon reap the benefits of South Africa’s biggest mobile operator, Vodacom’s recent R16,4bn...




23 August 2018

No dividend for Blue investors

The telecoms services group plans to buy back its shares which have fallen 54% this year.

Fortress falls after cutting payout

The REIT has changed the way it distributes interest on the loans it’s made to the Siyakha Education Trusts after coming under scrutiny.

Buoyant European boosts Bidcorp

The foodservices group’s operations across Europe grew trading profit by 30% last year, with a number of record performances.

Transpaco looks for plastic bag options

The packaging manufacturer and recycler says it’s considering branching into alternative products as a substitute for retail plastic bags.

Google sued for unwanted tracking of phone locations

A lawsuit filed in federal court here accuses Google of invading people's privacy by tracking the whereabouts of smartphones users despite "location history" settings being turned...

Climate change is a risk to your investments and retirement

Neither our government nor our private sector is acting fast enough to mitigate carbon emissions or prepare for the impacts of climate change. This failure to...

Fear rules SARS, Nugent inquiry hears

A climate of fear has engulfed the South African Revenue Service (SARS) to the point that some staff members are afraid to come forward to give...




22 August 2018

Shoprite’s trolley gets a wobble

Shares in the supermarket group fell sharply after it reported a drop in earnings and a lower dividend.

Pepkor grows sales in deflationary environment

The retail giant says the impact of deflation on sales growth is starting is starting to decline, with last month’s sales particularly strong.

Imperial motors ahead

A strong performance from its automotive division resulted in record revenue from the motor and logistics group.

BHP pays record dividend amid uncertainty

The company says there are downside risks to the global growth outlook this year due to rising trade protectionism.

Harmony hit by impairments as production rises

The gold producer aims to lift production in the year ahead by 18% helped by the inclusion of Moab Khotsong and Hidden Valley.

PepsiCo to buy SodaStream for $3.2 bn

PepsiCo said Monday it plans to buy SodaStream, an Israeli maker of carbonation products, for $3.2 billion as the beverage and snacks giant makes further inroads...

ANALYSIS: As Days of Zondo start, it's the politics of it that matter

The Zondo Commission of Inquiry into state capture got underway this week. It is obvious that it will be some time before this commission makes any...

Evita's free speech. Ep. 156: Evita exposes the Bantu in your closet (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 156.




21 August 2018

Sasol gears up for Lake Charles

The oil and chemicals group says the US chemicals project will transform its earnings profile.

Venkat leaves AngloGold Ashanti on a high

The outgoing CEO says production at the gold miner is strong, costs are improving and its pipeline is well stocked.

Naspers finalises Flipkart sale

It will use the proceeds to reinforce its balance sheet and accelerate growth in its classifieds, online food delivery and fintech businesses.

Implats warns of bigger losses

The platinum producer was been affected by impairments, a deferred tax charge and retrenchment costs.

Arrowhead cuts forecast on Rebosis rebase

The property fund owns 18.6% of Rebosis and expects a larger decline in its full-year dividend following a rebase of Rebosis’s earnings.

The Week Ahead of 21 August 2018

#ChrisGilmour - Tiger Brands shocked the market with a dreadful trading update for the year to Sep 2018 and almost immediately the share price fell by...

Sport in an INCEtant - 21 August 2018

The talent on display last week showed viewers exactly how good some of the World’s best athletes are. See this week’s article for some of the...




20 August 2018

Famous Brands mulls its options

A vague cautionary announcement on Friday has raised speculation that moves are afoot to offload its ailing Gourmet Burger Kitchen subsidiary.

Steinhoff on track with restructuring

The furniture group’s shares jumped as much as 27% after it confirmed that the restructuring would be launched within the three-month deadline.

Resilient warns of lower payouts

The real estate investment trust says the distribution of its Fortress stake to investors will affect future dividends.

Libstar blames mushrooms for profit fall

The branded food producer and distributor has also been affected by lower margin business and share dilution after this year’s IPO.

Harmony impairments hit profit

The gold producer says impairments, a translation loss on dollar debt and lower derivate gains will deplete full-year earnings.

Esor suspends trade as it aims for rescue

The company said the effects of the business rescue proceedings instituted at Esor Construction on the listed holding company were not known.

Viva la revolución: Washington sleeps easy: SA envoy to Venezuela calls off 'plans' for military action against US

Pretoria's man in Caracas has retracted his offer to help Venezuela fight off a feared American invasion.

ANALYSIS: Transnet's looters on the ropes - but criminal charges need to follow swiftly

Hawks boss Godfrey Lebeya told Parliament this week that the unit is investigating fraud, corruption and money laundering in a case involving the largest amount of...




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