Steinhoff gets lifeline from creditors

The support from the majority of the group’s creditors will stave off insolvency proceedings against the beleaguered furniture retailer.

Bidvest says it’s yet to benefit from Ramaphoria

The industrial group says its local operations have delivered a solid performance for the 10 months to end-April despite weak economic activity

Stenprop tweaks distributions as it prepares for London Listing

The property group is changing its distribution policy in line with its new UK REIT status as it prepares to list on the LSE.

Sport in an INCEtant! 8 June 2018

Despite the completely lack lustre performance last week, I will again pinpoint the Springbok's clash against England on Saturday to be a sporting spectacle worth watching...

RIGHT OF REPLY: Hogan Lovells: The professional role of lawyers is sometimes misunderstood or misconstrued

Over the past several months, Daily Maverick has published a series of articles questioning our actions, our motives and ongoing engagement with SARS. In this right...

Judith February: We have more important matters to deal with than renaming airports

Naming and renaming can be controversial and bring out the ugliest impulses in a society, as we know only too well here in South Africa.

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

Stadio is to acquire vacant land located in Durbanville for an undisclosed sum as part of its plans to roll out a new campus. The acquisition...

Corporate finance activity of the week

Aveng has announced that its Rights Offer will comprise an offer of approximately 5 billion new ordinary shares at a subscription price of R0.10 per share...

Facebook says Chinese phone makers got access to data

Facebook on Tuesday confirmed that a Chinese phone maker deemed a national security threat by the US was among companies given access to data on users.

Thorts - The Sanlam group's investment in Saham Finances

The transaction will also enable the Sanlam group to present a truly pan-African business offering to its clients.

Sanlam plans another equity raise

The life assurer says it will issue 5% more shares later this year to boost its empowerment credentials.

Zimplats meets government half way on land

The platinum producer has secured mining tenure over two parcels of land for the life of mine of its operations in Zimbabwe.

Harmony Gold raises R1bn in bookbuild

The gold producer will use proceeds to pay part of the bridge loan it raised to fund its Moab Khotsong acquisition.

Kibo enters power JV in Mozambique

The energy and resource company says the project will help position it as a leading regional energy player.

Apple touts privacy features of new operating systems

Apple has unveiled new operating systems for its iPhones and computers with features designed to thwart the use of secret trackers to monitor people's online activities.

Andile Ndevu: Renaming Cape Town International Airport: An opportunity to unite

We should take the opportunity of renaming Cape Town International Airport to unite and acknowledge our common history and destiny.

J.M. Smucker Company (SJM) A reliable long-term dividend growth stock to invest in

J.M. Smucker Company (SJM) has grown its dividend for more than 20 years and looks to continue doing so for the foreseeable future...

Ramaphoria fails to boost growth

The economy shrank the most since the global financial crisis in the first quarter due to sharp contractions in agriculture and mining.

Aveng proceeds with rights offer as ATON turns away

The construction group will offer investors new shares at 10c each, regardless of whether a merger with Murray & Roberts goes ahead.

eXtract on track with transformation

The group, which was unbundled from enX, is exiting its mining contracts as it transforms itself into an alternative investment fund.

Eddie Cottle: The Labour Relations Amendment Bill - A victory for Business

On 29 May 2018, the South African Parliament passed the National Minimum Wage Bill together with the Basic Conditions of Employment Amendment Bill and the Labour...

EDITORIAL: SARS inquiry by Judge Nugent, the game-changer South Africa desperately needs

It looks as though we may have to settle in for the long haul in the prosecution of Jacob Zuma for corruption. There has been very...

Richemont trades handbags for old watches

The luxury goods group has sold luxury handbag maker Lancel to Piquadro and has bought Watchfinder.co.uk.

Studio marked up on higher student numbers

Shares in the tertiary education group shot up 20% after it updated the market on student numbers and outlined plans for a new Durbanville campus.

STAR receives summons from Tekkie Town

The retail group says it’s been advised that there’s no reasonable prospect of its being held liable for an earn-out deal.

Delta prepares for another tough year

The property fund expects earnings to decline marginally due to once-off lease adjustments and asset disposals.

The Week Ahead of 5 June 2018

In SA, private sector credit extension (PSCE) fell in Apr to 5.1% year on year (y/y) from 6% in Mar. The main culprit was reduced borrowing...

The semantics of stakeholder communications

Locals aren’t as enthused by the new development. Residents, occupying low-cost housing blocks, face the threat of eviction to make way for the new shopping gargantuan.

Top 10 richest people in Africa

Last year Africa had 21 billionaires and this year Africa has 23 with a combined total of $75.4 billion dollars. This is R956 065 460 000

Mr Price is back on track

The retailer has normalised its dividend payout as its earnings recovered after last year’s blip.

Life gets a healthy boost from Alliance

The inclusion of Alliance Medical’s earnings for the full six months led to Life Healthcare’s profit more than doubling.

Metair powers up battery unit with Slovenian deal

If the deal goes ahead, Metair says it will make it a key player in the global energy solutions market.

Interview: Tracey Davies on Just Share

Just Share is also trying to change the way that companies behave around social and environmental issues. Stephen Gunnion spoke to executive director, Tracey Davies, to...

Public Investment Corporation: CEO Matjila says he's staying put at embattled PIC while the pressure builds for greater transparency

Claims of Dan Matjila's looming suspension arose earlier this week when it emerged that the PIC's investment committee is looking again at the corporation's recent R4.3-billion...

Canada hits US with billions in retaliatory tariffs in steel row

Canada hit back at steep US tariffs on aluminum and steel on Thursday, announcing retaliatory duties on up to Can$16.6 billion (US$12.8 billion) in American imports.

MAVERICK INTERVIEW: Reserve Bank Governor Kganyago, a voice of reason amid a political cacophony

Reserve Bank Governor Lesetja Kganyago is a level-headed man who remains above the political fray while steering the country's macroeconomic policy. Kganyago is unassuming and brilliant,...