NEWS ARCHIVES


03 November 2017

TFG’s Australian shopping spree hits earnings

The retailer has partly funded its Australian expansion through a R2.5 billion capital raise and now operates in three key geographies.

Tongaat’s earnings get a boost from land conversions

Tongaat says it benefited from a considerable increase in land conversions in the six months to September.

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

PPC has announced it is in non-binding discussions with LafargeHolcim to combine some of their assets. A firm offer is expected in November which could include...

intu says its centres in UK and Spain are attracting top brands

The shopping centre owner says footfall at its centres should match last year.

Esor slates government infrastructure inaction

Esor says government delays in awarding tenders to contractors is frustrating and problematic, leaving its order book almost unchanged over the past year.

Corporate finance activity of the week

The company intends to raise R200 million through a private placement by way of an offer to Brimstone Investment and others qualifying under the B-BBEE Act.

Afrimat diversifies to survive the lean times

Afrimat’s had a tough first half due to a difficult business climate after President Jacob Zuma’s cabinet reshuffle at the end of March.

Thorts - Harmonising Law

Over more than decade, a combination of globalisation, foreign investment and an increase in multinational co-corporations in Africa has resulted in the rise of cross border...




02 November 2017

Old Mutual to retain strategic stake in Nedbank, unbundle the rest

Old Mutual confirms it will retain a 19.9% strategic stake in Nedbank and unbundle the rest after it releases its 2017 financial results.

Sibanye to shut its Cooke operations and retrench staff

Sibanye-Stillwater has placed its Cooke gold mine on care and maintenance after it couldn’t keep the operation running on a profitable basis.

ISS TODAY: Is Zuma’s nuclear gamble still in play?

Government's contradictions are likely intended to muddy the waters and avoid pushback from civil society. By Judith February for ISS TODAY.

Ascendis announces a rights offer - at a premium

Ascendis Health says it plans to raise R750 million from shareholders to help pay for its recent spate of acquisitions.

SassaGate Reloaded: Scopa cracks the whip, orders Sassa to resolve impasse urgently

With the threat of the possible issue of a subpoena hanging over her head, Minister of Social Development Bathabile Dlamini attended Tuesday's joint sitting of Parliament's...

Argent flags a drop in earnings as it restructures

Argent Industrial expects to report a sharp drop in earnings due to impairments and retrenchment costs as it restructures due to the tough economy.

#BlackMonday promoted anti-black racism - EFF

Johannesburg - The #BlackMonday campaign, held to protest the recent spate of murders of farmers, had characteristics of racism, the Economic Freedom Fighters said on Tuesday.




01 November 2017

MTN wants Turkcell’s damages claim thrown out

MTN says it’s the fifth time that Turkcell has attempted to pursue legal proceedings in respect of substantially the same issues.

Imperial still mulling separate listings

The industrial group says it will take a decision on unbundling Motus next year due to the lack of synergies between its two operating businesses.

North Korea in Africa: Surprising business ventures, including munitions factory in Namibia

As Donald Trump in on the cusp of his departure for a visit to Japan, China, Vietnam, the Philippines and South Korea (and perhaps even to...

Implats lowers full-year production guidance due to maintenance delay

The platinum producer has mined more ore thanks to a stronger operational performance at its Impala mine but it can't refine it all due to furnace...

Plague: Nothing to see here – Black Death never really left us

The latest plague outbreak in Madagascar has hysterical headlines conjuring scenes of a medieval Black Death. But the disease never really left us - and there's...

Octodec’s shares sag on meagre distribution growth

Octodec says the sluggish performance of the local economy is partly to blame for a meagre 0.8% increase in its annual distribution.

Analysis: ANC Leadership Race – still not about hearts and minds, but political alignments and vested interests

The once bullet-proof road to the Presidency through the ANC is a tussle between two completely separate political mechanisms. To win the ANC's leadership battle one...




31 October 2017

Famous Brands confident it can digest Gourmet Burger Kitchen

The group’s UK acquisition hasn’t lived up to expectations, but it’s confident of a medium-term turnaround.

Shoprite flags lower prices ahead of festive season

Shoprite says prices have been falling for some staple foods, which is good news for consumers ahead of the important festive sales season.

The week ahead

SARB governor Lesetja Kganyago said last week he believed that none of the three main credit rating agencies would downgrade South Africa's sovereign ratings at their...

AECI sees clear road as it buys asphalt business

The specialty chemicals and explosives group wants to take advantage of growth in road infrastructure through the acquisition of Much Asphalt.

Adcorp looks for quick wins while it finalises its long-term strategy

Adcorp has blamed ill-timed acquisitions, an overgeared balance sheet and regulatory changes for the group’s first-half loss.

Travel trends between generations

Did you know that your age is now likely to determine your travel style? Although this research may not be ground-breaking, this does give you insight...

GroundUp: Cape Town’s food basket faces uncertain future

The Philippi Horticultural Area Food and Farming Campaign have taken the City of Cape Town's rezoning decision for judicial review. By Mary-Anne Gontsana for GROUNDUP.

What moved the market last week

In preparation for the upcoming week, it helps to unpack some of the events that took place last week in order to aid with building road...




30 October 2017

LafargeHolcim keen to cement deal with PPC

LafargeHolcim has emerged as another potential buyer for PPC in a deal that would combine the Swiss company’s assets in Africa with PPC’s.

Long4Life says it has the firepower to fund more deals

The investment group says it has R1.6 billion in cash available for deals. says it is also well positioned to access additional capital.

Coal on a roll as it plans name change, share consolidation

The junior coal miner said it planned to ask shareholders to approve a 20 for one share consolidation at next month’s annual general meeting.

SCORPIO: Tom Moyane’s payment of Exco bonuses ‘grounds for dismissal or suspension’

The Auditor-General has given tax boss Tom Moyane an ultimatum: Declare controversial bonus payments to your executive committee as irregular expenditure or SARS gets slapped with...

Equites extends its UK reach

Equites has bought a tract of land in the UK where it plans to build a distribution warehouse for DHL International.

Lewis says credit regulations are hurting revenue

Lewis says tough trading conditions have been compounded by the ongoing impact of the National Credit Act’s affordability assessment regulations.

The Interview: The unflappable Mr Maimane

At this point in the ANC's history, you'd think that all an opposition party has to do to prosper is - well, nothing. But is the...




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