NEWS ARCHIVES


26 July 2017

Sasol Sees Profit Falling as Much as 21% on Rand, Oil Price

Sasol Ltd., the world's biggest producer of fuel from coal, said full-year profit fell as much as 21 percent as the South African economy struggles...

State Airline Asked South Africa for $772 Million, Minister Says

South African Airways asked the government for 10 billion rand ($772 million) as part of a recapitalization plan aimed at returning the state-owned carrier to profit...

Fikile Mbalula: The fight against crime in South Africa requires collaboration

Some countries at war do not even come close to the number of brutal murders we are experiencing. We have no time to waste over these...

Kumba resuscitates dividend as earnings jump on higher iron ore prices

Kumba Iron Ore will resume dividends for the first time in two years after higher ore prices earlier this year and more efficient production helped boost...

Zuma's Home Region Seeks Allies in S. Africa Succession Race

South African President Jacob Zuma's home province is making overtures to one of the key power blocs in the African National Congress in a bid to...

Nigeria May Hold Rates Even as Inflation Slows, Economy Shrinks

A weak naira and stubborn inflation may prevent Nigeria's central bank from following South Africa and Ghana in cutting interest rates...

ANC’s Leadership Race: The Dirtiest Options

It goes without saying that we live in cynical times. So cynical that some people believe the worst is about to happen. That a "certain someone"...

GM Warns of Tougher Second Half With U.S. Auto Market Past Peak

General Motors Co. is gearing up for a tougher second half of the year as it slashes production to bring inventory back in line and prepares...




25 July 2017

Tour de France 2017 in pictures: Chris Froome seals fourth win

After more than 3500km of cycling, the Tour de France 2017 is all over. It's been a race of epic highs and dramatic lows...

Health-e News: Pills, prevention and politicking – the unfinished business of HIV

The world's most important HIV scientific conference is currently under way in Paris - yet mere days ago, one of the country's iconic Aids activists died...

Vuwani: Unhappy community on the march, again

Schools that were damaged in last year's protests are functional, but Mhlanga said the learning conditions are not ideal...

Op-Ed: Resisting evictions from farms

Many evictions from farms are illegal. Farm dwellers can resist them and can insist on the protection of their rights. Knowledge of the law is a...

Pensioners take note, Gigaba wants R14bn Telkom stake to bail out SAA

Throwing good money after bad: This is how our newly minted and fresh suited Finance Minister Malusi Gigaba plans to help bail out SAA...

Violence erupts in Hout Bay as City attempts to reblock

Spokesperson for the mayor, said police and other law-enforcement personnel removed “52 illegally erected and unoccupied structures...

Naspers Awards CEO $10.4 Million in Long-Term Share Options

Naspers awarded Chief Executive Officer Bob Van Dijk $10.4 million in long-term share options...

Unpacking the Reserve Bank's interest rate unshackling

In the event of Moody’s and S&P local currency ratings being downgraded to junk status, South Africa would stand to drop out of the World Government...

The ANC has captured the country’s history

We must always remember the silent heroes and heroines of the struggle for democracy...

Malema says more than 60 ANC MPs will turn on Zuma

Zuma faces the no-confidence motion on August 8, the ninth time the opposition will have tried to unseat him...




22 July 2017

Anglo American diamond output jumps

Jumped 36 percent as mining started at the new Gahcho Kue mine in Canada...

Vodacom revenue rises in Smartphone sales

Vodacom is aware of “the weaker economic conditions that prevail in South Africa as well as some of our larger markets...

Red Ants turf residents out of Johannesburg building

A number of evictees said they were also worried about the “nyaope boys” stealing their goods after the Red Ants had left...

How the world sees SA: BBC exposes Bell Pottinger’s dirty Zupta game

#Video - That apology, quite frankly, was not enough and South Africans want the company to answer...

KZN Law Society refuses to investigate Zuma’s lawyer Michael Hulley

If there is a crucial issue that has been highlighted in the series of #GuptaLeaks exposés into State Capture...

South Africa's ANC to Discipline Member for Speaking Out on Zuma

A provincial structure of South Africa's ruling party is instituting disciplinary measures against a member who has called for President Jacob Zuma to step down...

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

Redefine International (RI) intends to increase its stake in International Hotel Properties (IHL) by acquiring 18.3 million shares in the company...

Corporate Finance Activity of the Week

The company proposes to offer 71 428 571 shares at R14.00 per share to raise R1 billion from qualifying shareholders...

Thorts - Africa breeds distinctive private equity models

New research shows private equity activity in Africa will inject billions of US dollars of sustainable investment over the next five years...

Movers & Shakers - Robyn Fridberg

She graduated from the University of Pretoria and has been with the firm since 2005, completing her articles at PKF and qualifying as a CA(SA) in...

Welfare minister commits to work with post office

The South African cabinet minister who oversees more than $11 billion in annual welfare payments said she is committed to working with the state-owned post office...

Taste is said to delay luxury unit sale as buyers balk at price

Taste Holdings Ltd. has suspended the auction of its business selling jewelry and high-end watches...




21 July 2017

From JSE darling to diving share price: EOH’s annus horribilis

EOH has hit back, dismissing the reports as baseless...

Right of Reply: Graeme Joffe on his SASCOC settlement

Primedia reporters will also do their best to try and discredit me after I exposed Primedia Sport in a kickback scandal for a SA rugby commercial...

What is government doing about Cape Town’s water crisis?

The National Department of Water and Sanitation (DWS) has plans to divert water from the Berg River to the Voelvlei Dam...

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

Redefine International (RI) intends to increase its stake in International Hotel Properties (IHL) by acquiring 18.3 million shares in the company...

After 59 deaths allegedly at the hands of SAPS in Gauteng, no officer has faced justice

The next says an officer in Tembisa hit pedestrians with his car mirror and then pulled over. “The constable produced [his] service pistol and he shot...

Corporate Finance Activity of the Week

The company proposes to offer 71 428 571 shares at R14.00 per share to raise R1 billion from qualifying shareholders...

On Mandela Day, ANC MP denounces "disgraceful" Zuma.

Khoza said she did not know how many others would follow her lead, saying intimidation was preventing them from coming forward...

Thorts - Africa breeds distinctive private equity models

New research shows private equity activity in Africa will inject billions of US dollars of sustainable investment over the next five years...

Movers & Shakers - Robyn Fridberg

She graduated from the University of Pretoria and has been with the firm since 2005, completing her articles at PKF and qualifying as a CA(SA) in...

Welfare minister commits to work with post office

The South African cabinet minister who oversees more than $11 billion in annual welfare payments said she is committed to working with the state-owned post office...

Taste is said to delay luxury unit sale as buyers balk at price

Taste Holdings Ltd. has suspended the auction of its business selling jewelry and high-end watches...




20 July 2017

Vitol Drops Plan to Buy Gupta Stake of S. African Coal Terminal

Vitol Group, the world's largest independent oil trader, walked away from a deal to buy a stake in the Richards Bay Coal Terminal...

Over 5 000 Nkandla upgrades: The HUGE cost of govt outspending taxpayers

South Africa’s government cannot continue to spend more than what they earn....

Fact sheet: The state of South Africa’s prisons

South Africa’s most famous ex-prisoner wrote in his autobiography that “no one truly knows a nation until one has been inside its jails”...




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