NEWS ARCHIVES


16 March 2018

Separation on track as Old Mutual lifts earnings

The group says it is delivering on the commitments it made two years ago when it announced the managed separation of its businesses.

Metair powers up as its automotive unit recovers

The group says its energy sales are now on a par with Tesla’s and it now plans help develop electric vehicles.

Astoria rides on rising equities

The investment group bought back just under 3.9 million of its shares last year as it tried to address its discount to net asset value.

PPC tops up black ownership

The cement producer has thrown down the gauntlet to employees to help it grow profit so they can reap dividends.

US: Absolute chaos corrupts absolutely – Trumpty Dumpty style

J. BROOKS SPECTOR keeps shaking his head in astonishment at the goings-on in Washington, as Donald Trump continues to see chaos as his modus operandi as...

WIN 2 tickets to see The Sound of Music

We have TWO tickets for one lucky reader and their guest to see the acclaimed musical, The Sound of Music, at Montecasino (31 March - 29...

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

PPC has announced details of its top-up BEE transaction. Referred to as PPC Phakama, the transaction will result in a 25.4% stake in PPC SA catering...

Corporate finance activity of the week

The company launched an accelerated bookbuild placing 450 million KAP International shares at R8.15 raising R3,67 billion in a move to refinance or redeem debt within...

Workforce looks to Court for clarity

The recruitment and outsourcing group has reported a 7% rise in profit despite a weak growth environment and delayed infrastructure development.

Thorts - Black Industrialist Programme - Rhetoric and Reality

The number of Broad-Based Black Economic Empowerment (“B-BBEE”) transactions has increased significantly since the promulgation of the B-BBEE Act in 2003 and its corresponding charters.




15 March 2018

EOH slumps as public-sector earnings fall

The business outsourcing group has missed the mark with its first-half earnings forecast, sending its shares as much as 17% lower yesterday.

Quantum cracks it with soaring earnings

Barring any new outbreak of Avian Influenza, the poultry group expects a six-fold rise in first-half profit.

ELB eyes disruptive technologies

The engineering solutions and capital equipment provider is now targeting new technologies to keep customers up to date.

4Sight adds healthcare to portfolio

The technology group plans to use the acquisition of Curo Health to form a health division.

Scorpio: NICS paid R600,000 into Makwakwa’s account. Today they are SARS debt collectors

On Friday, SARS appointed a debt collector fingered in an alleged money laundering ring linked to Chief Officer Jonas Makwakwa. New Integrated Credit Solutions is now...

GroundUp: How Cape Town more than halved its water usage

Water consumption has dropped dramatically, but there is still more to be done. By Aidan Jones for GROUNDUP.

Dividend Growth Share Valuation cont. - Selling Stanley Black and Decker

I am fast approaching the point where I will begin to live off my dividend income. For this reason, I am selling off low dividend paying...




14 March 2018

Steinhoff selling down the family silver

The retailer has reduced its stake in KAP to help settle debt, despite the compelling investment case for the industrial group.

ARC grows NAV in sluggish economic

The group’s maiden interim results show a 3.9% rise in intrinsic net asset value and it expects a second-half improvement.

FirstRand gets court approval for Aldermore deal

FirstRand plans to integrate its existing UK business into Aldermore, which will boost its contribution to group earnings to about 10%.

Metrofile on the lookout for offshore deals

The document storage business says it’s seeing growth opportunities in markets outside of South Africa as weak local conditions weigh on business growth.

Gupta-linked companies fail to force Bank of Baroda to stay in SA

The North Gauteng High Court threw out an application on Monday by companies linked to the Gupta family to force the Bank of Baroda to continue...

Siya Khumalo: Listeria Monocytogenes: South African business’s dirty little secret

People's feelings about a company govern the extent to which they'll "forgive" its transgressions.

Analysis: Hypocrisy’s many shades

It is known the world over that politicians, in democracies and other forms of government, are going to be hypocritical from time to time. Expediency, putting...




13 March 2018

EOH plans shakeup as Bohbot takes chair

The group plans to split its business in two and has taken on a new empowerment shareholder.

AVI puts best foot forward

The group sold more shoes in the first half of its financial year but some of its food and beverage categories reported lower volumes.

RMI lifted by Discovery and Hastings

Earnings are up strongly but the investment group has trimmed its interim dividend after a change in MMI’s dividend policy.

The Week Ahead

As mentioned in last week's note, the possibility of trade retaliation has started to rear its ugly head, catalyzed by the Trump administration proposing tariffs on...

Op-Ed: How ANC changed gear on land reform

The unresolved land question in South Africa is a time bomb. An entirely different approach is required if democracy is to survive in our country. By...

Evita's Free Speech: Ep.133 – Evita registers anti-racism week (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 133. By PIETER-DIRK...




12 March 2018

Tiger Brands tests confirm L6T6 at Polokwane

he Department of Health has confirmed the presence of the deadly listeriosis strain as Richard Spoor and Paul O'Sullivan prepare to take action.

Exxaro sinks as downgrade follows results

The coal producer reported a sharp fall in profit due to the cost of a BEE transaction and said it planned alternative energy investments.

Stadio beats forecasts as it expands

The group reported a smaller than expected headline loss after a delayed acquisition resulted in lower finance costs for 2017.

Renewable Energy Burst: Jeff Radebe to sign off wind and solar power projects after a two-year hiatus

In his new post in Cyril Ramaphosa's Cabinet, Energy Minister Jeff Radebe has renewed the government's commitment to renewable energy. After a delay of two years,...

4Sight predicts higher profit after acquisitions

The technology group expects 2018 earnings per share to be more than a third higher than forecast in its listing prospectus.

Rex Trueform turns around Queenspark’s sales

The retail and property group has lifted sales at the clothing chain after introducing new brands and products.

Conduit Capital swings to profit

CEO Sean Riskowitz says the company should achieve breakeven underwriting results next year and is “suitably equipped” for strong growth thereafter

Marelise van der Merwe: The Other News Round-Up: For services rendered

Each week, Daily Maverick brings you some of the world's stranger occurrences. This week: Nails in the coffin of "selfless efforts"?




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