NEWS ARCHIVES


23 March 2018

Naspers trims Tencent stake

The company has pledged not to sell any more shares for at least three years due to its long-term belief in Tencent.

South Ocean hopes for radiance after shakeup

The lights and wiring group plans to sell a stake to black shareholders as it restructures for a turnaround.

Sephaku builds hopes on growth recovery

The cement producer says 2017 profit is down but it expects improving growth to support the building materials industry.

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

Old Mutual has agreed to sell its Latin American businesses to China Minsheng Investment Group International based in Singapore. The businesses include Old Mutual Colombia, a...

Corporate Finance Activity of the Week

The company announced its intention to sell up to 190 million Tencent shares to select institutions reducing its stake from 33.2% to 31.2%. The funds will...

Thorts - The likely evolution of FinTech deals in SA

While the term FinTech has become something of a buzzword in financial services circles of late, the concept is certainly not new. In fact, FinTech has...

ISS Today: Trouble in paradise as Mauritius tackles corruption scandal

The president's resignation shows that mechanisms of holding politicians to account are still working. By Simon Allison for ISS TODAY.

Zapiro: Ghosts in the Machine

Ghosts in the Machine




22 March 2018

Retailers rally on relaxed rules

The Western Cape High Court found that parts of the National Credit Act were discriminatory and fell foul of the Constitution.

Credit loss hits Sasfin’s earnings

The niche bank and asset manager has reported a sharp drop in first-half profit due to a large credit event related to a single client

Master Drilling launches new technology as it expands offshore

The drilling services specialist says its businesses should benefit from an uptick in the global economy and commodity cycle.

Rhodes in a jam over the drought and the rand

The food producer expects first-half profit to be up to 47% lower due to acquisitions costs, the strong rand and more expensive canned fruit.

Re-deploying funds released from a sale

Enbridge is currently a high dividend yield company, high dividend growth, company that appears to be undervalued. This share may be worth buying.

Back to Gemfields for Pallinghurst as Jupiter lists

The group plans to offload its stakes in Jupiter and Sedibelo Platinum and change its name to Gemfields.

Mining Charter: New Minister, old approach?

Word coming out of weekend talks is that new Mineral Resources Minister Gwede Mantashe is intent on retaining the outline of the controversial Mining Charter championed...

SARS Wars: End of the road for Tom Moyane, one of State Capture’s most loyal foot soldiers

The suspension by President Cyril Ramaphosa of SARS Commissioner Tom Moyane on Monday night brings to an end a 42-months' long reign of terror which not...




21 March 2018

SARS Wars: ‘Rogue Unit’ prosecutor Sello Maema compromised, but NPA is keeping mum

The Priority Crimes Litigation Unit, which has been abused as a key structure within the NPA to target perceived enemies of former President Jacob Zuma and...

Promised Land: How MK vet made farming work for him

Former uMkhonto weSizwe fighter Errol April swapped his AK47 for apples. In 2013, April was given a Western Cape fruit farm to run as part of...

Evita's Free Speech: Ep.134 – Evita on killing three budgets with one kindness (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 134. By PIETER-DIRK...




20 March 2018

Listeriosis outbreak could cost Tiger Brands R800 million

In addition to the cost of closing factories and recalling products, the food producer also faces class-action lawsuits.

Hammerson soars on French interest

The shopping centre owner has urged shareholders to disregard a takeover approach by French shopping mall operator Klépierre.

Sun International gambles on a rights issue

The group hasn’t declared a dividend as it pays down debt and is also planning a rights issue to clean up its balance sheet.

Schools marked down at ADvTECH

Results from the private education group’s Schools division were held back by poor enrolments and R48.1 million in fraud uncovered in December.

EPE Capital Partners positioned for upturn

Ethos says private equity is a long game and it’s making sure its portfolio is well-positioned for any economic recovery.

Interwaste gets more cash from trash

The waste management company has declared an interim dividend due to strong cash generation last year.

The Week Ahead

Global equity markets appear to have largely shrugged off the possibility of large-scale trade wars breaking out, though nervousness and caution still prevail.

Health-e News: Imminent tax on sugary drinks is just the start – Motsoaledi

South Africa is less than two weeks away from implementing the hard-won tax on sugary drinks. Now that "we've got a foot in the door", says...




19 March 2018

ARM pays its first half-year dividend after strong first half

It says its dividend is consistent with its commitment to pay dividends while retaining the ability to fund efficiency improvements and sustain production.

Bell back in the pound seats

The heavy equipment manufacturer has benefited from rising demand for its articulated trucks as global growth improves.

Investec feels the Brexit pressure

While Asset Management and Wealth & Investment will report a better performance than last year, Specialist Banking in the UK will be well behind.

M&R rallies on underground mining contracts

The group says the improvement in the commodity cycle and increased investment by mining companies should present long-term growth potential for its mining business

Grand Parade places its chips on value unlock

While its food businesses have yet to break even, GPI says it’s confident that a repositioning of the group will unlock value.

Avoid the receiver with tax-free account

Don’t leave it until the last minute to take advantage of your tax-free savings limit.

Scorpio: The Moyane Dossier, Part 1 – How SARS boss disregarded the law to pay Guptas’ VAT refund

Tax boss Tom Moyane aided possible acts of money laundering and fraud while contravening the VAT and Tax Acts when he allegedly pressured SARS officials to...




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